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

Contents:

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

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

In 2022, the average import price for residues; of petroleum oils or of oils obtained from bituminous mineralses amounted to $1,390 per ton, almost unchanged from the previous year. In general, the import price, however, recorded a perceptible decrease. The pace of growth was the most pronounced in 2019 an increase of 276% against the previous year. Over the period under review, average import prices attained the peak figure at $2,460 per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

As there is only one major supplying country, the average price level is determined by prices for the United States.

From 2012 to 2022, the rate of growth in terms of prices for Germany amounted to +53.2% per year.

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

The average export price for residues; of petroleum oils or of oils obtained from bituminous mineralses stood at $1,169 per ton in 2021, shrinking by -11.5% against the previous year. In general, the export price saw a abrupt decline. The pace of growth was the most pronounced in 2015 when the average export price decreased by -11.5% against the previous year. The export price peaked at $3,505 per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

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

From 2012 to 2021, the rate of growth in terms of prices for Belgium amounted to +1,170.7% per year.

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

Imports of residues; of petroleum oils or of oils obtained from bituminous mineralses into Colombia reduced dramatically to 82 tons in 2022, shrinking by -47.1% against 2021 figures. In general, imports recorded a abrupt setback. The most prominent rate of growth was recorded in 2021 with an increase of 68% against the previous year. As a result, imports attained the peak of 154 tons, and then declined markedly in the following year.

In value terms, imports of residues; of petroleum oils or of oils obtained from bituminous mineralses contracted markedly to $113K in 2022. Over the period under review, imports showed a precipitous slump. The most prominent rate of growth was recorded in 2021 with an increase of 163% against the previous year.

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

1. United States (81.5 tons)

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

In 2021, the amount of residues; of petroleum oils or of oils obtained from bituminous mineralses exported from Colombia surged to 5.7 tons, growing by 35% compared with the year before. Over the period under review, total exports indicated significant growth from 2020 to 2021: its volume increased at an average annual rate of +35.3% over the last one years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of residues; of petroleum oils or of oils obtained from bituminous mineralses soared to $6.7K in 2021. The total export value increased at an average annual rate of +19.8% from 2020 to 2021; however, the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

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

1. Belgium (5.7 tons)

Source: IndexBox Market Intelligence Platform