Price for Residues; of Petroleum Oils or of Oils Obtained from Bituminous Minerals in the Netherlands - 2023

Contents:

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

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

In 2022, the average export price for residues; of petroleum oils or of oils obtained from bituminous mineralses amounted to $537 per ton, dropping by -6.4% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of 59%. Over the period under review, the average export prices hit record highs at $905 per ton in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Belgium ($1,291 per ton), while the average price for exports to France ($529 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 Germany (+9.2%), 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 the Netherlands (CIF) - 2022

In 2022, the average import price for residues; of petroleum oils or of oils obtained from bituminous mineralses amounted to $553 per ton, dropping by -53.5% against the previous year. Overall, the import price recorded a mild curtailment. The growth pace was the most rapid in 2017 an increase of 123%. The import price peaked at $1,191 per ton in 2021, and then shrank significantly in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($2,910 per ton), while the price for the UK ($551 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+16.8%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2022, shipments abroad of residues; of petroleum oils or of oils obtained from bituminous mineralses decreased by -45.9% to 46K tons, falling for the second consecutive year after two years of growth. In general, exports showed a precipitous curtailment. The most prominent rate of growth was recorded in 2020 when exports increased by 13%. As a result, the exports attained the peak of 211K tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.

In value terms, exports of residues; of petroleum oils or of oils obtained from bituminous mineralses reduced sharply to $24M in 2022. Over the period under review, exports showed a significant decrease. The smallest decline of -14.7% was in 2020.

Export of Residues; of Petroleum Oils or of Oils Obtained from Bituminous Minerals in the Netherlands (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
United KingdomN/AN/A0.624.33950.0%
France62.933.020.4N/A-43.1%
Denmark1.47.13.9N/A66.9%
Italy24.735.923.2N/A-3.1%
Others0.2N/A0.20.1-20.6%
Total89.176.048.224.4-35.1%

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

  1. United Kingdom (45.4K tons)

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

In 2022, after two years of decline, there was significant growth in supplies from abroad of residues; of petroleum oils or of oils obtained from bituminous mineralses, when their volume increased by 1,733% to 17K tons. In general, imports, however, showed a dramatic curtailment.

In value terms, imports of residues; of petroleum oils or of oils obtained from bituminous mineralses surged to $9.6M in 2022. Overall, imports, however, faced a sharp shrinkage.

Import of Residues; of Petroleum Oils or of Oils Obtained from Bituminous Minerals in the Netherlands (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
United Kingdom12.14.4N/A9.6-7.4%
Spain0.50.40.7N/A18.3%
Belgium2.3N/AN/AN/A0%
Germany4.0N/AN/AN/A0%
France0.40.60.4N/A0.0%
Others0.10.10.1N/A0.0%
Total19.45.51.19.6-20.9%

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

  1. United Kingdom (17.4K tons)

Source: IndexBox Market Intelligence Platform

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