Price for Residues; of Petroleum Oils or of Oils Obtained from Bituminous Minerals in Lithuania - 2023
Contents:
- Price for Residues; of Petroleum Oils or of Oils Obtained from Bituminous Minerals in Lithuania (FOB) - 2022
- Price for Residues; of Petroleum Oils or of Oils Obtained from Bituminous Minerals in Lithuania (CIF) - 2022
- Exports of Residues; of Petroleum Oils or of Oils Obtained from Bituminous Minerals in Lithuania
- Imports of Residues; of Petroleum Oils or of Oils Obtained from Bituminous Minerals in Lithuania
Price for Residues; of Petroleum Oils or of Oils Obtained from Bituminous Minerals in Lithuania (FOB) - 2022
In 2022, the average export price for residues; of petroleum oils or of oils obtained from bituminous mineralses amounted to $584,426 per ton, jumping by 51,467% against the previous year. In general, the export price posted significant growth. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Russia ($1,410,440 per ton), while the average price for exports to Latvia ($686 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 Russia (+269.3%), 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 Lithuania (CIF) - 2022
In 2022, the average import price for residues; of petroleum oils or of oils obtained from bituminous mineralses amounted to $1,686 per ton, jumping by 420% against the previous year. Over the period under review, the import price showed a prominent expansion. As a result, import price reached 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 Germany.
From 2012 to 2022, the rate of growth in terms of prices for Germany amounted to -3.2% per year.
Exports of Residues; of Petroleum Oils or of Oils Obtained from Bituminous Minerals in Lithuania
After two years of decline, shipments abroad of residues; of petroleum oils or of oils obtained from bituminous mineralses increased by 103% to 61 kg in 2022. Over the period under review, exports, however, showed a dramatic decrease.
In value terms, exports of residues; of petroleum oils or of oils obtained from bituminous mineralses soared to $36K in 2022. Overall, exports recorded a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Residues; of Petroleum Oils or of Oils Obtained from Bituminous Minerals in Lithuania (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 0.1 | N/A | N/A | 35.3 | 606.7% |
| Sweden | N/A | N/A | N/A | 0.4 | 0% |
| Ireland | 0.3 | N/A | N/A | N/A | 0% |
| Latvia | N/A | N/A | N/A | N/A | 0% |
| Estonia | N/A | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 0.4 | N/A | N/A | 35.6 | 346.5% |
Top Export Markets for Residues; of Petroleum Oils or of Oils Obtained from Bituminous Minerals from Lithuania in 2022:
- Latvia (35.0 kg)
- Russia (25.0 kg)
- Sweden (1.0 kg)
Imports of Residues; of Petroleum Oils or of Oils Obtained from Bituminous Minerals in Lithuania
In 2022, overseas purchases of residues; of petroleum oils or of oils obtained from bituminous mineralses decreased by -90.7% to 21 tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports, however, showed a significant expansion. The pace of growth appeared the most rapid in 2021 when imports increased by 3,107% against the previous year. As a result, imports attained the peak of 225 tons, and then contracted dramatically in the following year.
In value terms, imports of residues; of petroleum oils or of oils obtained from bituminous mineralses fell notably to $35K in 2022. Overall, imports, however, continue to indicate significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 990% against the previous year. As a result, imports attained the peak of $73K, and then declined dramatically in the following year.
| Import of Residues; of Petroleum Oils or of Oils Obtained from Bituminous Minerals in Lithuania (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | N/A | N/A | N/A | 34.5 | 0% |
| Latvia | 1.3 | 1.1 | 73.0 | N/A | 649.4% |
| Others | N/A | 5.6 | N/A | 0.8 | -62.2% |
| Total | 1.3 | 6.7 | 73.0 | 35.3 | 200.6% |
Top Suppliers of Residues; of Petroleum Oils or of Oils Obtained from Bituminous Minerals to Lithuania in 2022:
- Germany (20.9 tons)
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