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

Contents:

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

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

The average export price for residues; of petroleum oils or of oils obtained from bituminous mineralses stood at $674 per ton in 2022, waning by -4.9% against the previous year. Overall, the export price saw a dramatic slump. The pace of growth appeared the most rapid in 2018 an increase of 163% against the previous year. Over the period under review, the average export prices reached the maximum at $11,687 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

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

From 2012 to 2022, the rate of growth in terms of prices for Taiwan (Chinese) amounted to -8.6% per year.

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

In 2022, the average import price for residues; of petroleum oils or of oils obtained from bituminous mineralses amounted to $4,527 per ton, increasing by 29% against the previous year. Overall, the import price, however, recorded a sharp shrinkage. The most prominent rate of growth was recorded in 2017 when the average import price increased by 884%. The import price peaked at $30,679 per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

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 +15.7% per year.

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

In 2022, approx. 672 tons of residues; of petroleum oils or of oils obtained from bituminous mineralses were exported from Saudi Arabia; surging by 11% on 2021 figures. Over the period under review, exports, however, recorded a sharp setback.

In value terms, exports of residues; of petroleum oils or of oils obtained from bituminous mineralses rose significantly to $453K in 2022. In general, exports, however, continue to indicate a sharp shrinkage.

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

1. Malaysia (672.2 tons)

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

In 2022, the amount of residues; of petroleum oils or of oils obtained from bituminous mineralses imported into Saudi Arabia skyrocketed to 3.7 tons, growing by 927% against the year before. Overall, imports, however, showed a deep contraction.

In value terms, imports of residues; of petroleum oils or of oils obtained from bituminous mineralses skyrocketed to $17K in 2022. In general, imports, however, recorded a abrupt downturn.

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

1. United States (3.7 tons)

Source: IndexBox Market Intelligence Platform