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

Contents:

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

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

The average import price for residues; of petroleum oils or of oils obtained from bituminous mineralses stood at $434 per ton in 2022, stabilizing at the previous year. In general, the import price, however, enjoyed a pronounced increase. The pace of growth was the most pronounced in 2015 an increase of 44% against the previous year. The import price peaked at $832 per ton in 2019; however, from 2020 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 the United States ($2,536 per ton), while the price for the United Arab Emirates ($21 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+22.0%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2022, the average export price for residues; of petroleum oils or of oils obtained from bituminous mineralses amounted to $1,838 per ton, dropping by -15.9% against the previous year. In general, the export price, however, continues to indicate a prominent expansion. The pace of growth appeared the most rapid in 2014 an increase of 96% against the previous year. Over the period under review, the average export prices attained the peak figure at $2,184 per ton in 2021, and then fell remarkably in the following year.

Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Ethiopia ($1,897 per ton), while the average price for exports to Afghanistan stood at $1,468 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Afghanistan (+16.3%), while the prices for the other major destinations experienced mixed trend patterns.

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

In 2022, the amount of residues; of petroleum oils or of oils obtained from bituminous mineralses imported into Pakistan stood at 46 tons, leveling off at 2021. Overall, imports, however, continue to indicate a sharp decline.

In value terms, imports of residues; of petroleum oils or of oils obtained from bituminous mineralses shrank modestly to $20K in 2022. Over the period under review, imports, however, saw a precipitous descent.

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

1. China (27.8 tons)
2. Iran (13.2 tons)
3. Saudi Arabia (2.0 tons)
4. United Arab Emirates (1.4 tons)
5. Oman (0.6 tons)
6. United States (0.5 tons)

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

Exports of residues; of petroleum oils or of oils obtained from bituminous mineralses from Pakistan contracted remarkably to 5.6 tons in 2022, falling by -71.2% compared with the previous year. In general, exports showed a significant contraction. The smallest decline of -26% was in 2020.

In value terms, exports of residues; of petroleum oils or of oils obtained from bituminous mineralses contracted sharply to $10K in 2022. Over the period under review, exports recorded a sharp reduction. The smallest decline of -6.8% was in 2020.

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

1. Ethiopia (4.8 tons)
2. Afghanistan (0.8 tons)

Source: IndexBox Market Intelligence Platform