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

Contents:

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

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

The average import price for residues; of petroleum oils or of oils obtained from bituminous mineralses stood at $919 per ton in 2022, growing by 26% against the previous year. Overall, the import price, however, recorded a abrupt downturn. The pace of growth was the most pronounced in 2020 an increase of 5,363% against the previous year. As a result, import price reached the peak level of $53,500 per ton. From 2021 to 2022, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Italy ($8,295 per ton), while the price for the UK totaled $637 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+1.5%), while the prices for the other major suppliers experienced a decline.

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

In 2022, the average export price for residues; of petroleum oils or of oils obtained from bituminous mineralses amounted to $833 per ton, growing by 124% against the previous year. In general, the export price, however, recorded a dramatic downturn. The most prominent rate of growth was recorded in 2014 an increase of 201%. The export price peaked at $37,000 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 Kiribati.

From 2012 to 2022, the rate of growth in terms of prices for Malaysia amounted to +26.9% per year.

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

In 2022, the amount of residues; of petroleum oils or of oils obtained from bituminous mineralses imported into New Zealand skyrocketed to 82 tons, with an increase of 94% compared with the previous year's figure. In general, imports, however, recorded a significant decrease. The pace of growth was the most pronounced in 2021 with an increase of 2,117,900%.

In value terms, imports of residues; of petroleum oils or of oils obtained from bituminous mineralses skyrocketed to $76K in 2022. Overall, imports, however, faced a dramatic shrinkage. The pace of growth appeared the most rapid in 2021 when imports increased by 28,708%.

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

1. United Kingdom (79.1 tons)
2. Italy (3.0 tons)

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

In 2022, after two years of decline, there was significant decline in shipments abroad of residues; of petroleum oils or of oils obtained from bituminous mineralses, when their volume decreased by -99.9% to 6 kg. Over the period under review, exports saw a dramatic setback.

In value terms, exports of residues; of petroleum oils or of oils obtained from bituminous mineralses shrank rapidly to $5 in 2022. In general, exports continue to indicate a precipitous setback.

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

1. Kiribati (6.0 kg)

Source: IndexBox Market Intelligence Platform