Price for Residues; of Petroleum Oils or of Oils Obtained from Bituminous Minerals in Egypt - 2023

Contents:

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

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

The average import price for residues; of petroleum oils or of oils obtained from bituminous mineralses stood at $770 per ton in 2022, jumping by 25% against the previous year. Overall, the import price enjoyed a slight expansion. The most prominent rate of growth was recorded in 2019 when the average import price increased by 116%. As a result, import price reached the peak level of $1,338 per ton. From 2020 to 2022, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($6,070 per ton), while the price for the Netherlands ($332 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 (+19.2%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2022, the average export price for residues; of petroleum oils or of oils obtained from bituminous mineralses amounted to $667 per ton, approximately reflecting the previous year. Overall, the export price showed a abrupt curtailment. The growth pace was the most rapid in 2018 an increase of 6.2% against the previous year. Over the period under review, the average export prices reached the maximum at $1,526 per ton in 2013; however, from 2014 to 2022, 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 India.

From 2013 to 2022, the rate of growth in terms of prices for India amounted to -8.5% per year.

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

In 2022, imports of residues; of petroleum oils or of oils obtained from bituminous mineralses into Egypt soared to 21 tons, jumping by 80,450% against 2021 figures. In general, imports saw a relatively flat trend pattern.

In value terms, imports of residues; of petroleum oils or of oils obtained from bituminous mineralses surged to $16K in 2022. Overall, imports, however, showed a deep slump.

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

1. Netherlands (9.5 tons)
2. United States (7.2 tons)
3. France (2.9 tons)
4. Italy (1.4 tons)

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

In 2022, approx. 1.5 tons of residues; of petroleum oils or of oils obtained from bituminous mineralses were exported from Egypt; falling by -50% on the previous year's figure. Over the period under review, exports showed a sharp decline.

In value terms, exports of residues; of petroleum oils or of oils obtained from bituminous mineralses dropped sharply to $1K in 2022. Overall, exports showed a precipitous slump.

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

1. India (1511.0 kg)

Source: IndexBox Market Intelligence Platform