Price for Residues; of Petroleum Oils or of Oils Obtained from Bituminous Minerals in Bangladesh - 2022

Contents:

1. Price for Residues; of Petroleum Oils or of Oils Obtained from Bituminous Minerals in Bangladesh (CIF) - 2022
2. Imports of Residues; of Petroleum Oils or of Oils Obtained from Bituminous Minerals in Bangladesh

Price for Residues; of Petroleum Oils or of Oils Obtained from Bituminous Minerals in Bangladesh (CIF) - 2022

In 2022, the average import price for residues; of petroleum oils or of oils obtained from bituminous mineralses amounted to $840 per ton, approximately reflecting the previous year. In general, the import price recorded a slight contraction. The most prominent rate of growth was recorded in 2013 an increase of 18%. As a result, import price attained the peak level of $1,099 per ton. From 2014 to 2022, the average import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was India ($1,143 per ton), while the price for Malaysia totaled $840 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+2.1%).

Imports of Residues; of Petroleum Oils or of Oils Obtained from Bituminous Minerals in Bangladesh

In 2022, after three years of growth, there was decline in supplies from abroad of residues; of petroleum oils or of oils obtained from bituminous mineralses, when their volume decreased by -4.8% to 349 tons. The total import volume increased at an average annual rate of +5.2% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 11%. As a result, imports reached the peak of 366 tons, and then shrank modestly in the following year.

In value terms, imports of residues; of petroleum oils or of oils obtained from bituminous mineralses contracted to $293K in 2022. The total import value increased at an average annual rate of +6.5% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 13%. As a result, imports attained the peak of $311K, and then shrank in the following year.

Top Suppliers of Residues; of Petroleum Oils or of Oils Obtained from Bituminous Minerals to Bangladesh in 2022:

1. Malaysia (348.9 tons)

Source: IndexBox Market Intelligence Platform