Price for Residues; of Petroleum Oils or of Oils Obtained from Bituminous Minerals in Kenya - 2022
Contents:
- Price for Residues; of Petroleum Oils or of Oils Obtained from Bituminous Minerals in Kenya (CIF) - 2022
- Price for Residues; of Petroleum Oils or of Oils Obtained from Bituminous Minerals in Kenya (FOB) - 2022
- Imports of Residues; of Petroleum Oils or of Oils Obtained from Bituminous Minerals in Kenya
- Exports of Residues; of Petroleum Oils or of Oils Obtained from Bituminous Minerals in Kenya
Price for Residues; of Petroleum Oils or of Oils Obtained from Bituminous Minerals in Kenya (CIF) - 2022
In 2022, the average import price for residues; of petroleum oils or of oils obtained from bituminous mineralses amounted to $1,846 per ton, rising by 163% against the previous year. Overall, the import price showed notable growth. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
As there is only one major supplying country, the average price level is determined by prices for the United Arab Emirates.
From 2013 to 2022, the rate of growth in terms of prices for the United Arab Emirates amounted to -1.0% per year.
Price for Residues; of Petroleum Oils or of Oils Obtained from Bituminous Minerals in Kenya (FOB) - 2022
The average export price for residues; of petroleum oils or of oils obtained from bituminous mineralses stood at $1,282 per ton in 2022, approximately reflecting the previous year. Over the period under review, the export price showed a abrupt shrinkage. The growth pace was the most rapid in 2016 when the average export price increased by 65%. The export price peaked at $3,909 per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.
Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Uganda ($1,288 per ton), while the average price for exports to Democratic Republic of the Congo amounted to $1,275 per ton.
From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to South Sudan (+141.2%), 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 Kenya
In 2022, purchases abroad of residues; of petroleum oils or of oils obtained from bituminous mineralses was finally on the rise to reach 19 tons for the first time since 2019, thus ending a two-year declining trend. In general, imports, however, showed a dramatic contraction.
In value terms, imports of residues; of petroleum oils or of oils obtained from bituminous mineralses surged to $35K in 2022. Over the period under review, imports, however, showed a significant decrease.
| Import of Residues; of Petroleum Oils or of Oils Obtained from Bituminous Minerals in Kenya (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 63.4 | 112 | 0.1 | 35.1 | -17.9% |
| Thailand | 37.4 | 54.2 | 0.1 | N/A | -94.8% |
| Malaysia | 17.3 | 16.5 | N/A | N/A | -4.6% |
| Iran | 279 | 80.6 | 0.2 | N/A | -97.3% |
| Netherlands | 50.6 | N/A | N/A | N/A | 0% |
| Others | 6.5 | 6.1 | N/A | N/A | -6.2% |
| Total | 454 | 270 | 0.4 | 35.1 | -57.4% |
Top Suppliers of Residues; of Petroleum Oils or of Oils Obtained from Bituminous Minerals to Kenya in 2022:
- United Arab Emirates (19.0 tons)
Exports of Residues; of Petroleum Oils or of Oils Obtained from Bituminous Minerals in Kenya
Exports of residues; of petroleum oils or of oils obtained from bituminous mineralses from Kenya surged to 1.2 tons in 2022, jumping by 269% against 2021 figures. Overall, exports, however, recorded a dramatic setback.
In value terms, exports of residues; of petroleum oils or of oils obtained from bituminous mineralses skyrocketed to $1.5K in 2022. In general, exports, however, recorded a sharp downturn.
| Export of Residues; of Petroleum Oils or of Oils Obtained from Bituminous Minerals in Kenya (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2020 | 2021 | 2022 | CAGR, 2020-2022 | |
| Uganda | 1,268 | 201 | 837 | -18.8% | |
| Democratic Republic of the Congo | 1,214 | 174 | 649 | -26.9% | |
| Others | 88.0 | 29.0 | N/A | -67.0% | |
| Total | 2,570 | 404 | 1,486 | -24.0% | |
Top Export Markets for Residues; of Petroleum Oils or of Oils Obtained from Bituminous Minerals from Kenya in 2022:
- Uganda (650.0 kg)
- Democratic Republic of the Congo (509.0 kg)
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