Price for Residues; of Petroleum Oils or of Oils Obtained from Bituminous Minerals in Japan - 2023
Contents:
- Price for Residues; of Petroleum Oils or of Oils Obtained from Bituminous Minerals in Japan (FOB) - 2023
- Price for Residues; of Petroleum Oils or of Oils Obtained from Bituminous Minerals in Japan (CIF) - 2022
- Exports of Residues; of Petroleum Oils or of Oils Obtained from Bituminous Minerals in Japan
- Imports of Residues; of Petroleum Oils or of Oils Obtained from Bituminous Minerals in Japan
Price for Residues; of Petroleum Oils or of Oils Obtained from Bituminous Minerals in Japan (FOB) - 2023
In July 2023, the average export price for residues; of petroleum oils or of oils obtained from bituminous mineralses amounted to $1,690 per ton, with a decrease of -1.7% against the previous month. Over the period under review, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in December 2022 when the average export price increased by 37% against the previous month. As a result, the export price attained the peak level of $2,278 per ton. From January 2023 to July 2023, the the average export prices remained at a somewhat lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Russia ($2,337 per ton), while the average price for exports to China ($1,418 per ton) was amongst the lowest.
From November 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Russia (+2.4%), 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 Japan (CIF) - 2022
In 2022, the average import price for residues; of petroleum oils or of oils obtained from bituminous mineralses amounted to $260 per ton, shrinking by -60.7% against the previous year. Overall, the import price faced a deep setback. The most prominent rate of growth was recorded in 2017 when the average import price increased by 15%. The import price peaked at $1,630 per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.
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 Brazil ($1,083 per ton), while the price for Canada ($205 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+27.1%).
Exports of Residues; of Petroleum Oils or of Oils Obtained from Bituminous Minerals in Japan
In 2022, exports of residues; of petroleum oils or of oils obtained from bituminous mineralses from Japan dropped to 107K tons, falling by -3.7% on the year before. Overall, exports recorded a precipitous contraction. The most prominent rate of growth was recorded in 2021 with an increase of 335%.
In value terms, exports of residues; of petroleum oils or of oils obtained from bituminous mineralses skyrocketed to $234M in 2022. In general, exports continue to indicate a sharp slump. The most prominent rate of growth was recorded in 2021 when exports increased by 426%.
| Export of Residues; of Petroleum Oils or of Oils Obtained from Bituminous Minerals in Japan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 127 | 14.8 | 62.8 | 107 | -5.6% |
| France | 108 | N/A | 24.5 | 40.6 | -27.8% |
| Malaysia | 75.3 | N/A | 10.3 | 23.5 | -32.2% |
| China | 19.3 | 5.9 | 9.0 | 16.0 | -6.1% |
| Spain | 40.0 | N/A | 21.5 | 15.6 | -26.9% |
| United States | 10.5 | 2.1 | 10.7 | 14.8 | 12.1% |
| Russia | 58.6 | N/A | 13.5 | 12.0 | -41.1% |
| Netherlands | 92.7 | 3.9 | 3.7 | 4.1 | -64.6% |
| Others | 5.0 | 3.0 | 0.8 | 0.7 | -48.1% |
| Total | 536 | 29.8 | 157 | 234 | -24.1% |
Top Export Markets for Residues; of Petroleum Oils or of Oils Obtained from Bituminous Minerals from Japan in 2022:
- India (49.8K tons)
- France (16.0K tons)
- Malaysia (10.4K tons)
- China (10.1K tons)
- Russia (6.4K tons)
- United States (6.0K tons)
- Spain (6.0K tons)
- Netherlands (2.5K tons)
Imports of Residues; of Petroleum Oils or of Oils Obtained from Bituminous Minerals in Japan
Imports of residues; of petroleum oils or of oils obtained from bituminous mineralses into Japan skyrocketed to 275K tons in 2022, increasing by 6,975% compared with the year before. In general, imports saw a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of residues; of petroleum oils or of oils obtained from bituminous mineralses skyrocketed to $71M in 2022. Over the period under review, imports enjoyed a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Residues; of Petroleum Oils or of Oils Obtained from Bituminous Minerals in Japan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | N/A | N/A | N/A | 51.4 | 0% |
| South Korea | N/A | N/A | N/A | 13.0 | 0% |
| Brazil | 0.1 | N/A | 1.0 | 5.8 | 287.1% |
| Others | 1.0 | 0.9 | 1.5 | 1.1 | 3.2% |
| Total | 1.1 | 0.9 | 2.6 | 71.3 | 301.7% |
Top Suppliers of Residues; of Petroleum Oils or of Oils Obtained from Bituminous Minerals to Japan in 2022:
- Canada (250.8K tons)
- South Korea (17.9K tons)
- Brazil (5.4K tons)
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