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

Contents:

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

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

The average import price for residues; of petroleum oils or of oils obtained from bituminous mineralses stood at $736 per ton in 2022, with an increase of 25% against the previous year. Over the period under review, the import price saw a tangible expansion. The most prominent rate of growth was recorded in 2021 when the average import price increased by 53%. The import price peaked at $769 per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for Poland amounted to +3.8% per year.

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

The average export price for residues; of petroleum oils or of oils obtained from bituminous mineralses stood at $516 per ton in 2022, surging by 2.8% against the previous year. Over the period under review, the export price, however, showed a deep contraction. The most prominent rate of growth was recorded in 2021 when the average export price increased by 130% against the previous year. Over the period under review, the average export prices reached the peak figure at $1,107 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for Norway amounted to -7.5% per year.

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

In 2022, purchases abroad of residues; of petroleum oils or of oils obtained from bituminous mineralses decreased by -61.1% to 4.6K tons for the first time since 2018, thus ending a three-year rising trend. Overall, imports continue to indicate a deep reduction. The pace of growth was the most pronounced in 2021 with an increase of 75% against the previous year. As a result, imports reached the peak of 12K tons, and then declined significantly in the following year.

In value terms, imports of residues; of petroleum oils or of oils obtained from bituminous mineralses fell markedly to $3.4M in 2022. In general, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when imports increased by 167%. As a result, imports reached the peak of $7M, and then declined markedly in the following year.

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

1. Poland (4.6K tons)

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

In 2022, the amount of residues; of petroleum oils or of oils obtained from bituminous mineralses exported from Sweden soared to 12 tons, surging by 25% on the year before. Overall, exports posted a significant increase. The growth pace was the most rapid in 2021 with an increase of 18,082%. The exports peaked in 2022 and are likely to continue growth in years to come.

In value terms, exports of residues; of petroleum oils or of oils obtained from bituminous mineralses skyrocketed to $6.4K in 2022. In general, exports recorded a significant increase. The growth pace was the most rapid in 2021 when exports increased by 41,725%. The exports peaked in 2022 and are likely to continue growth in years to come.

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

1. Norway (12.5 tons)

Source: IndexBox Market Intelligence Platform