Price for Residues; of Petroleum Oils or of Oils Obtained from Bituminous Minerals in Ghana - 2023
Contents:
- Price for Residues; of Petroleum Oils or of Oils Obtained from Bituminous Minerals in Ghana (CIF) - 2022
- Price for Residues; of Petroleum Oils or of Oils Obtained from Bituminous Minerals in Ghana (FOB) - 2022
- Imports of Residues; of Petroleum Oils or of Oils Obtained from Bituminous Minerals in Ghana
- Exports of Residues; of Petroleum Oils or of Oils Obtained from Bituminous Minerals in Ghana
Price for Residues; of Petroleum Oils or of Oils Obtained from Bituminous Minerals in Ghana (CIF) - 2022
The average import price for residues; of petroleum oils or of oils obtained from bituminous mineralses stood at $2,478 per ton in 2022, growing by 8.8% against the previous year. Over the period under review, the import price recorded prominent growth. The most prominent rate of growth was recorded in 2015 an increase of 142%. Over the period under review, average import prices reached the maximum at $3,042 per ton in 2019; however, from 2020 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was South Africa ($4,271 per ton), while the price for Togo ($276 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+20.3%), 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 Ghana (FOB) - 2022
The average export price for residues; of petroleum oils or of oils obtained from bituminous mineralses stood at $5,500 per ton in 2022, falling by -13.5% against the previous year. In general, the export price, however, showed a tangible increase. The pace of growth was the most pronounced in 2018 an increase of 32% against the previous year. Over the period under review, the average export prices reached the maximum at $6,357 per ton in 2021, and then contracted in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Cote d'Ivoire ($6,462 per ton), while the average price for exports to the Netherlands stood at $1,333 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Cote d'Ivoire (+12.4%).
Imports of Residues; of Petroleum Oils or of Oils Obtained from Bituminous Minerals in Ghana
In 2022, supplies from abroad of residues; of petroleum oils or of oils obtained from bituminous mineralses was finally on the rise to reach 1.9 tons after two years of decline. Overall, imports, however, showed a abrupt slump.
In value terms, imports of residues; of petroleum oils or of oils obtained from bituminous mineralses surged to $4.8K in 2022. Over the period under review, imports, however, faced a abrupt downturn.
| Import of Residues; of Petroleum Oils or of Oils Obtained from Bituminous Minerals in Ghana (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Africa | 5.2 | 3.3 | 2.1 | 2.4 | -22.7% |
| United States | 2.9 | 2.0 | 1.4 | 1.8 | -14.7% |
| United Kingdom | 0.4 | 0.3 | 0.2 | 0.3 | -9.1% |
| Togo | N/A | N/A | N/A | 0.2 | 0% |
| Others | 0.2 | 0.1 | 0.1 | 0.1 | -20.6% |
| Total | 8.6 | 5.7 | 3.8 | 4.8 | -17.7% |
Top Suppliers of Residues; of Petroleum Oils or of Oils Obtained from Bituminous Minerals to Ghana in 2022:
- Togo (838.0 kg)
- South Africa (572.0 kg)
- United States (437.0 kg)
- United Kingdom (65.0 kg)
Exports of Residues; of Petroleum Oils or of Oils Obtained from Bituminous Minerals in Ghana
In 2022, after two years of decline, there was significant growth in shipments abroad of residues; of petroleum oils or of oils obtained from bituminous mineralses, when their volume increased by 14% to 16 kg. In general, exports, however, recorded a abrupt descent.
In value terms, exports of residues; of petroleum oils or of oils obtained from bituminous mineralses contracted slightly to $88 in 2022. The total export value increased at an average annual rate of +2.0% from 2019 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2020 when exports increased by 3.6%.
| Export of Residues; of Petroleum Oils or of Oils Obtained from Bituminous Minerals in Ghana (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Cote d'Ivoire | 80.0 | 83.0 | 85.0 | 84.0 | 1.6% |
| Netherlands | 3.0 | 3.0 | 4.0 | 4.0 | 10.1% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 83.0 | 86.0 | 89.0 | 88.0 | 2.0% |
Top Export Markets for Residues; of Petroleum Oils or of Oils Obtained from Bituminous Minerals from Ghana in 2022:
- Cote d'Ivoire (13.0 kg)
- Netherlands (3.0 kg)
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