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

Contents:

1. Price for Residues; of Petroleum Oils or of Oils Obtained from Bituminous Minerals in Israel (CIF) - 2022
2. Imports of Residues; of Petroleum Oils or of Oils Obtained from Bituminous Minerals in Israel

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

The average import price for residues; of petroleum oils or of oils obtained from bituminous mineralses stood at $973 per ton in 2022, jumping by 57% against the previous year. In general, import price indicated a perceptible expansion from 2014 to 2022: its price increased at an average annual rate of +3.5% over the last eight-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for residues; of petroleum oils or of oils obtained from bituminous mineralses increased by +91.5% against 2020 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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

From 2014 to 2022, the rate of growth in terms of prices for the United States amounted to +3.5% per year.

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

In 2022, purchases abroad of residues; of petroleum oils or of oils obtained from bituminous mineralses decreased by -98.8% to 4.1 tons, falling for the second consecutive year after two years of growth. Overall, imports saw a precipitous contraction. The pace of growth was the most pronounced in 2020 when imports increased by 202% against the previous year. As a result, imports reached the peak of 457 tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of residues; of petroleum oils or of oils obtained from bituminous mineralses shrank dramatically to $4K in 2022. Over the period under review, imports showed a precipitous descent. The most prominent rate of growth was recorded in 2020 when imports increased by 137%. As a result, imports attained the peak of $232K. From 2021 to 2022, the growth of imports of failed to regain momentum.

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

1. United States (4.1 tons)

Source: IndexBox Market Intelligence Platform