# Kuwait Petroleum oils and oils from bituminous minerals, not crude: preparations n.e.c. containing by weight 70% or more of petroleum oils or oils from bituminous minerals: these being the basic constituents of the preparations: waste oils price positioning (HS 271000)

Canonical: https://www.yugalinks.com/trade/price-exporter/kwt/271000
Publisher: Yugalinks (https://www.yugalinks.com)

## Answer

Kuwait has a median reported export price of $916.6/t across 106 markets. Across the reported period, the highest observed price is $1.4M/t in Nigeria; the lowest is $195.3/t in China.

## Summary

- Price spread: 157,057%
- Total trade value: $65.4B
- Average quantity: 276,933 metric tons
- Latest year: 2023

## Price by market

| Market | Latest year | Latest price | Vs median | Year-over-year change | Change since first reported year | Trade value (reported period) | Years reported | Position |
|---|---:|---:|---:|---:|---:|---:|---:|---|
| France | 2023 | $880.8/t | -27.1% | -28.7% | +65.7% | $5.9B | 5 | Below |
| United Kingdom | 2023 | $895.8/t | -22.7% | -17.5% | +103.2% | $7.5B | 5 | Mid |
| Japan | 2023 | $664.2/t | -63.8% | -18.1% | +35.9% | $5.1B | 5 | Below |
| Pakistan | 2023 | $707.4/t | -43.5% | -18.6% | +100.3% | $5.2B | 5 | Below |
| Ethiopia | 2023 | $737.1/t | -78.6% | +37.4% | +1.9% | $4.1B | 4 | Below |
| Egypt | 2023 | $1.6K/t | +30.1% | +21.1% | +145.8% | $1.8B | 5 | Above |
| Singapore | 2023 | $459.9/t | -20.8% | -38.5% | -84.2% | $2.8B | 5 | Mid |
| United Arab Emirates | 2023 | $511.3/t | -52.3% | -62.2% | +4.6% | $7.2B | 5 | Below |
| Republic of Korea | 2023 | $605.9/t | -39.9% | -26.7% | +22.7% | $4.6B | 5 | Below |
| Germany | 2023 | $858.6/t | -23.1% | -23.1% | +70.3% | $868.8M | 5 | Mid |
| USA, Puerto Rico and US Virgin Islands | 2023 | $540.4/t | -35.8% | -42.1% | -56.7% | $1.9B | 5 | Below |
| Netherlands | 2023 | $894.0/t | -25.9% | -36.4% | +115.1% | $948.7M | 5 | Below |
| China | 2023 | $647.6/t | -40.2% | +150.9% | +40.4% | $793.4M | 5 | Below |
| Spain | 2023 | $838.2/t | -30.5% | -41.4% | +67.6% | $723.5M | 4 | Below |
| Italy | 2023 | $820.8/t | -9.6% | -32.2% | +68.2% | $902.2M | 4 | Mid |
| Nigeria | 2022 | $1.4M/t | +96,457.1% | Not reported | +0% | $29.2M | 1 | Above |

## Price history

- France: 2017 $531.7/t, 2019 $663.1/t, 2020 $428.9/t, 2022 $1.2K/t, 2023 $880.8/t
- United Kingdom: 2017 $440.9/t, 2019 $629.4/t, 2020 $356.1/t, 2022 $1.1K/t, 2023 $895.8/t
- Japan: 2017 $488.6/t, 2019 $517.6/t, 2020 $380.8/t, 2022 $810.6/t, 2023 $664.2/t
- Pakistan: 2017 $353.2/t, 2019 $414.2/t, 2020 $273.5/t, 2022 $868.8/t, 2023 $707.4/t
- Ethiopia: 2019 $723.4/t, 2020 $628.1/t, 2022 $536.6/t, 2023 $737.1/t

## Annual price trend and growth

| Year | Weighted unit value | Change vs prior reported year | Trade value | Markets |
|---:|---:|---:|---:|---:|
| 2017 | $474.2/t | Not reported | $5.8B | 58 |
| 2019 | $592.1/t | +24.9% | $9.2B | 56 |
| 2020 | $426.9/t | -27.9% | $5.3B | 62 |
| 2022 | $1.0K/t | +139.6% | $20.7B | 77 |
| 2023 | $746.1/t | -27.1% | $24.3B | 83 |

## Methodology

Price = reported trade value in USD / reported quantity in metric tons. The median is calculated across reported market unit values for the same product and year. Price spread = (highest market price - lowest market price) / median market price x 100. Vs median = (market unit value - market median) / market median x 100. Price position is not a profitability claim.

Coverage: 2017-2023; 106 importer markets; 336 reported market-year observations.

## FAQ

### What does Kuwait price positioning show for HS 271000?

It compares Kuwait's reported unit values across markets with each market's median for the same product and year.

### What does above or below median mean?

Above median means the observed unit value is higher than the market median; below median means it is lower. It does not by itself indicate profit or quality.

### How is the export price calculated?

The reported unit value is trade value divided by reported quantity, expressed per metric ton when quantity is available.

### Can I compare this with the wider Petroleum oils and oils from bituminous minerals, not crude: preparations n.e.c. containing by weight 70% or more of petroleum oils or oils from bituminous minerals: these being the basic constituents of the preparations: waste oils market?

Yes. Use the product overview and methodology links to compare price positioning with market size, exporter reach, and reported trade history.

## Complete structured values

{
  "pageType": "exporter-price-positioning",
  "source": "reported",
  "exporter": "KWT",
  "hs_code": "271000",
  "summary": {
    "num_markets": 106,
    "highest_price_importer_iso3": "NGA",
    "highest_price_usd_per_ton": 1439847.170183396,
    "lowest_price_importer_iso3": "CHN",
    "lowest_price_usd_per_ton": 195.31402748473684,
    "median_price_across_markets": 916.6426282051282,
    "price_spread_pct": 157057.04839135442,
    "avg_quantity_metric_tons": 276933.2013065476,
    "total_trade_value_usd": 65351586596
  },
  "marketRows": [
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  ],
  "trendRows": [
    {
      "importer_iso3": "FRA",
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      "values": [
        {
          "year": 2017,
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