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

Contents:

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

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

The average import price for residues; of petroleum oils or of oils obtained from bituminous mineralses stood at $233 per ton in 2022, remaining stable against the previous year. In general, the import price, however, saw a pronounced descent. The pace of growth appeared the most rapid in 2013 an increase of 255% against the previous year. As a result, import price reached the peak level of $1,185 per ton. From 2014 to 2022, the average import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Tanzania ($267 per ton), while the price for Democratic Republic of the Congo totaled $231 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Democratic Republic of the Congo (+5.4%).

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

The average export price for residues; of petroleum oils or of oils obtained from bituminous mineralses stood at $692 per ton in 2022, approximately reflecting the previous year. Overall, the export price continues to indicate a perceptible expansion. The growth pace was the most rapid in 2020 an increase of 85%. As a result, the export price reached the peak level of $698 per ton. From 2021 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Democratic Republic of the Congo ($1,716 per ton), while the average price for exports to Rwanda ($34 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 Democratic Republic of the Congo (+15.9%), while the prices for the other major destinations experienced a decline.

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

In 2022, supplies from abroad of residues; of petroleum oils or of oils obtained from bituminous mineralses decreased by -8.8% to 599 tons for the first time since 2018, thus ending a three-year rising trend. Overall, imports, however, continue to indicate a significant increase. The pace of growth was the most pronounced in 2020 when imports increased by 925% against the previous year.

In value terms, imports of residues; of petroleum oils or of oils obtained from bituminous mineralses contracted to $140K in 2022. Over the period under review, imports, however, enjoyed a significant expansion. The pace of growth appeared the most rapid in 2020 with an increase of 988% against the previous year.

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

1. Democratic Republic of the Congo (571.7 tons)
2. Tanzania (25.7 tons)

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

In 2022, overseas shipments of residues; of petroleum oils or of oils obtained from bituminous mineralses decreased by -24.9% to 26 tons for the first time since 2018, thus ending a three-year rising trend. In general, exports, however, saw a significant expansion. The pace of growth appeared the most rapid in 2021 when exports increased by 99%. As a result, the exports reached the peak of 34 tons, and then contracted notably in the following year.

In value terms, exports of residues; of petroleum oils or of oils obtained from bituminous mineralses declined markedly to $18K in 2022. Over the period under review, exports, however, saw a significant expansion. The growth pace was the most rapid in 2020 when exports increased by 132% against the previous year.

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

1. South Sudan (25.6 tons)
2. Democratic Republic of the Congo (0.1 tons)

Source: IndexBox Market Intelligence Platform