Price for Residues; of Petroleum Oils or of Oils Obtained from Bituminous Minerals in Jordan - 2022

Contents:

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

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

The average import price for residues; of petroleum oils or of oils obtained from bituminous mineralses stood at $15,153 per ton in 2022, rising by 14% against the previous year. Overall, the import price saw a significant increase. The pace of growth was the most pronounced in 2016 when the average import price increased by 1,723% against the previous year. The import price peaked in 2022 and is likely to see gradual growth in years to come.

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

From 2012 to 2022, the rate of growth in terms of prices for Belgium amounted to +12.1% per year.

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

The average export price for residues; of petroleum oils or of oils obtained from bituminous mineralses stood at $2,575 per ton in 2022, surging by 13% against the previous year. In general, the export price posted resilient growth. The most prominent rate of growth was recorded in 2019 an increase of 146%. The export price peaked in 2022 and is expected to retain growth in years to come.

As there is only one major export destination, the average price level is determined by prices for the United Arab Emirates.

From 2012 to 2022, the rate of growth in terms of prices for the United Arab Emirates amounted to +23.1% per year.

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

In 2022, the amount of residues; of petroleum oils or of oils obtained from bituminous mineralses imported into Jordan contracted notably to 6.9 tons, declining by -20% against the year before. Over the period under review, imports saw a significant curtailment.

In value terms, imports of residues; of petroleum oils or of oils obtained from bituminous mineralses dropped to $105K in 2022. Overall, imports continue to indicate a deep downturn. The smallest decline of -8.6% was in 2020.

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

1. Belgium (6.9 tons)

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

For the third consecutive year, Jordan recorded decline in shipments abroad of residues; of petroleum oils or of oils obtained from bituminous mineralses, which decreased by -53.2% to 1 tons in 2022. Over the period under review, exports faced a precipitous setback. The smallest decline of -34.8% was in 2021.

In value terms, exports of residues; of petroleum oils or of oils obtained from bituminous mineralses fell sharply to $2.7K in 2022. In general, exports recorded a sharp descent. The smallest decline of -32.1% was in 2021.

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

1. United Arab Emirates (1.0 tons)

Source: IndexBox Market Intelligence Platform