Price for Residues; of Petroleum Oils or of Oils Obtained from Bituminous Minerals in Hungary - 2023
Contents:
- Price for Residues; of Petroleum Oils or of Oils Obtained from Bituminous Minerals in Hungary (FOB) - 2022
- Price for Residues; of Petroleum Oils or of Oils Obtained from Bituminous Minerals in Hungary (CIF) - 2022
- Exports of Residues; of Petroleum Oils or of Oils Obtained from Bituminous Minerals in Hungary
- Imports of Residues; of Petroleum Oils or of Oils Obtained from Bituminous Minerals in Hungary
Price for Residues; of Petroleum Oils or of Oils Obtained from Bituminous Minerals in Hungary (FOB) - 2022
In 2022, the average export price for residues; of petroleum oils or of oils obtained from bituminous mineralses amounted to $844 per ton, surging by 50% against the previous year. Overall, the export price, however, showed a deep contraction. Over the period under review, the average export prices hit record highs at $1,519 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Romania ($1,262 per ton), while the average price for exports to the Czech Republic ($617 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Czech Republic (+19.3%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Residues; of Petroleum Oils or of Oils Obtained from Bituminous Minerals in Hungary (CIF) - 2022
In 2022, the average import price for residues; of petroleum oils or of oils obtained from bituminous mineralses amounted to $954 per ton, increasing by 98% against the previous year. Over the period under review, the import price saw pronounced growth. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Poland ($1,248 per ton), while the price for the UK ($724 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 (+56.4%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Residues; of Petroleum Oils or of Oils Obtained from Bituminous Minerals in Hungary
In 2022, exports of residues; of petroleum oils or of oils obtained from bituminous mineralses from Hungary surged to 14K tons, with an increase of 17% against the previous year's figure. Over the period under review, exports showed a significant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 203%. The exports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, exports of residues; of petroleum oils or of oils obtained from bituminous mineralses surged to $12M in 2022. In general, exports continue to indicate significant growth. The growth pace was the most rapid in 2020 with an increase of 150% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are likely to see steady growth in the immediate term.
| Export of Residues; of Petroleum Oils or of Oils Obtained from Bituminous Minerals in Hungary (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Poland | 0.5 | 0.9 | 1.6 | 4.9 | 114.0% |
| Czech Republic | 0.7 | 1.3 | 3.5 | 4.5 | 85.9% |
| Germany | N/A | 0.2 | 0.9 | 1.1 | 134.5% |
| Croatia | N/A | 0.5 | 0.6 | 1.0 | 41.4% |
| Romania | N/A | N/A | N/A | 0.3 | 0% |
| Bulgaria | N/A | 0.2 | 0.1 | N/A | -50.0% |
| Others | 0.1 | 0.1 | 0.2 | 0.1 | 0.0% |
| Total | 1.3 | 3.2 | 6.9 | 12.0 | 109.8% |
Top Export Markets for Residues; of Petroleum Oils or of Oils Obtained from Bituminous Minerals from Hungary in 2022:
- Czech Republic (7.3K tons)
- Poland (4.1K tons)
- Croatia (1.6K tons)
- Germany (0.9K tons)
- Romania (0.3K tons)
Imports of Residues; of Petroleum Oils or of Oils Obtained from Bituminous Minerals in Hungary
In 2022, approx. 2.7K tons of residues; of petroleum oils or of oils obtained from bituminous mineralses were imported into Hungary; declining by -83.9% against 2021 figures. In general, imports recorded a dramatic shrinkage. The smallest decline of -5.9% was in 2021.
In value terms, imports of residues; of petroleum oils or of oils obtained from bituminous mineralses contracted dramatically to $2.6M in 2022. Overall, imports recorded a precipitous shrinkage. The pace of growth was the most pronounced in 2021 with an increase of 34%.
| Import of Residues; of Petroleum Oils or of Oils Obtained from Bituminous Minerals in Hungary (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | N/A | N/A | N/A | 1.6 | 0% |
| United Kingdom | N/A | N/A | 1.4 | 0.7 | -50.0% |
| Poland | N/A | 0.1 | 0.2 | 0.3 | 73.2% |
| Bulgaria | N/A | 0.2 | N/A | N/A | 0% |
| Romania | 11.3 | 5.8 | 6.1 | N/A | -26.5% |
| Others | N/A | N/A | 0.5 | N/A | 0% |
| Total | 11.3 | 6.1 | 8.2 | 2.6 | -38.7% |
Top Suppliers of Residues; of Petroleum Oils or of Oils Obtained from Bituminous Minerals to Hungary in 2022:
- United States (1491.2 tons)
- United Kingdom (1000.0 tons)
- Poland (237.1 tons)
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