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

Contents:

1. Price for Residues; of Petroleum Oils or of Oils Obtained from Bituminous Minerals in Cameroon (CIF) - 2022
2. Price for Residues; of Petroleum Oils or of Oils Obtained from Bituminous Minerals in Cameroon (FOB) - 2022
3. Imports of Residues; of Petroleum Oils or of Oils Obtained from Bituminous Minerals in Cameroon
4. Exports of Residues; of Petroleum Oils or of Oils Obtained from Bituminous Minerals in Cameroon

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

In 2022, the average import price for residues; of petroleum oils or of oils obtained from bituminous mineralses amounted to $215 per ton, increasing by 2.4% against the previous year. Overall, the import price, however, saw a abrupt descent. The pace of growth appeared the most rapid in 2018 an increase of 60% against the previous year. The import price peaked at $1,575 per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United Arab Emirates ($2,100 per ton), while the price for Chad ($195 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+398.5%), while the prices for the other major suppliers experienced a decline.

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

In 2022, the average export price for residues; of petroleum oils or of oils obtained from bituminous mineralses amounted to $3,140 per ton, stabilizing at the previous year. In general, export price indicated a noticeable expansion from 2012 to 2022: its price increased at an average annual rate of +4.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for residues; of petroleum oils or of oils obtained from bituminous mineralses increased by +66.1% against 2013 indices. The most prominent rate of growth was recorded in 2017 an increase of 18%. The export price peaked at $3,157 per ton in 2021, and then declined in the following year.

As there is only one major export destination, the average price level is determined by prices for the Netherlands.

From 2012 to 2022, the rate of growth in terms of prices for the Netherlands amounted to -1.1% per year.

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

In 2022, imports of residues; of petroleum oils or of oils obtained from bituminous mineralses into Cameroon dropped remarkably to 12 tons, reducing by -42.8% compared with 2021 figures. Overall, imports saw a significant curtailment. The pace of growth was the most pronounced in 2021 when imports increased by 578%.

In value terms, imports of residues; of petroleum oils or of oils obtained from bituminous mineralses declined remarkably to $2.7K in 2022. In general, imports showed a sharp setback. The growth pace was the most rapid in 2021 when imports increased by 484% against the previous year.

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

1. Chad (11.0 tons)
2. Equatorial Guinea (1.2 tons)

Exports of Residues; of Petroleum Oils or of Oils Obtained from Bituminous Minerals in Cameroon

In 2022, after two years of decline, there was growth in shipments abroad of residues; of petroleum oils or of oils obtained from bituminous mineralses, when their volume increased by 4.9% to 107 kg. Over the period under review, exports, however, saw a drastic downturn.

In value terms, exports of residues; of petroleum oils or of oils obtained from bituminous mineralses amounted to $336 in 2022. Overall, exports, however, continue to indicate a pronounced descent.

Top Export Markets for Residues; of Petroleum Oils or of Oils Obtained from Bituminous Minerals from Cameroon in 2022:

1. Netherlands (107.0 kg)

Source: IndexBox Market Intelligence Platform