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

Contents:

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

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

In 2022, the average export price for residues; of petroleum oils or of oils obtained from bituminous mineralses amounted to $1,396 per ton, growing by 51% against the previous year. Overall, the export price showed a notable expansion. The pace of growth was the most pronounced in 2017 an increase of 140%. Over the period under review, the average export prices attained the peak figure in 2022 and is likely to see gradual growth in the immediate term.

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

From 2012 to 2022, the rate of growth in terms of prices for Malaysia amounted to +2.7% per year.

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

In 2022, the average import price for residues; of petroleum oils or of oils obtained from bituminous mineralses amounted to $1,605 per ton, increasing by 29% against the previous year. In general, the import price, however, showed a noticeable downturn. The growth pace was the most rapid in 2019 an increase of 247%. The import price peaked at $2,644 per ton in 2015; however, from 2016 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for Myanmar amounted to -8.4% per year.

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

In 2022, exports of residues; of petroleum oils or of oils obtained from bituminous mineralses from Singapore reduced markedly to 2.6 tons, dropping by -91.3% on the previous year's figure. Over the period under review, exports saw a sharp curtailment. The smallest decline of -23.8% was in 2020.

In value terms, exports of residues; of petroleum oils or of oils obtained from bituminous mineralses dropped notably to $3.6K in 2022. In general, exports continue to indicate a sharp contraction. The smallest decline of -21.8% was in 2020.

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

1. Brunei Darussalam (2.5 tons)

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

In 2022, approx. 595 kg of residues; of petroleum oils or of oils obtained from bituminous mineralses were imported into Singapore; waning by -96.2% against the previous year's figure. In general, imports recorded a sharp contraction. The most prominent rate of growth was recorded in 2021 when imports increased by 108% against the previous year.

In value terms, imports of residues; of petroleum oils or of oils obtained from bituminous mineralses declined sharply to $955 in 2022. Overall, imports continue to indicate a dramatic contraction. The pace of growth was the most pronounced in 2021 when imports increased by 58% against the previous year.

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

1. United States (594.0 kg)

Source: IndexBox Market Intelligence Platform