Report Update: Nov 1, 2024

World - Processed Petroleum Oils and Distillates - Market Analysis, Forecast, Size, Trends And Insights

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Processed petroleum oils and distillates market

Processed petroleum oils and distillates market: read the latest statistics powered by an Ai-driven business intelligence tool. Data contain production, imports, exports, trade, market prices, companies, consumption, and market size. There is a split by region, including China, the U.K., Latin America, Russia, the U.S., EU, the Middle East, and Africa. Market trends and outlook to 2030 are also featured in the dashboards.

Processed Petroleum Oils and Distillates - World's Largest Markets

Rating	Country
1	United States
2	Saudi Arabia
3	Russia
4	Iran
5	Iraq

In value terms, the United States, Saudi Arabia and Russia appeared to be the countries with the highest levels of market value in 2020, with a combined 35% share of the global market. Iran, Iraq, China, Kuwait, Canada, the United Arab Emirates, Mexico, Brazil, Venezuela and India lagged somewhat behind, together accounting for a further 33%.

Kuwait saw the highest rates of growth with regard to market size, among the main consuming countries over the period under review, while processed petroleum oils and distillates market for the other global leaders experienced mixed trends in the market figures.

Processed Petroleum Oils and Distillates Prices

Lowest Prices - FOB - Top Exporters

COUNTRY	2018	2019	2020	CAGR, 2018-2020
COUNTRY	USD per ton			CAGR, 2018-2020
Russia	520	468	319	-21.7%
Canada	508	497	347	-17.4%
Malaysia	515	534	372	-15.0%
Spain	623	558	390	-20.9%
South Korea	662	597	398	-22.5%
United Arab Emirates	626	539	400	-20.1%
United States	477	457	407	-7.6%
Saudi Arabia	681	575	414	-22.0%
Singapore	612	570	415	-17.7%
China	601	575	416	-16.8%
Netherlands	664	605	431	-19.4%
India	644	580	434	-17.9%
Belgium	681	614	467	-17.2%
Average	591	543	403	-17.4%

Average prices varied somewhat amongst the major exporting countries. In 2020, major exporting countries recorded the following prices: in Belgium ($467 per ton) and India ($434 per ton), while Russia ($319 per ton) and Canada ($347 per ton) were amongst the lowest.

From 2018 to 2020, the most notable rate of growth in terms of prices was attained by the United States, while the other global leaders experienced a decline in the export price figures.

Highest Prices - CIF - Top Importers

COUNTRY	2018	2019	2020	CAGR, 2018-2020
COUNTRY	USD per ton			CAGR, 2018-2020
Japan	650	567	464	-15.5%
Germany	672	613	449	-18.3%
France	648	622	448	-16.9%
Belgium	618	567	423	-17.3%
China	602	561	421	-16.4%
South Korea	604	523	406	-18.0%
Netherlands	602	548	403	-18.2%
Malaysia	581	560	395	-17.5%
Australia	565	595	364	-19.7%
Mexico	510	493	341	-18.2%
Singapore	508	468	339	-18.3%
United States	500	474	331	-18.6%
Mozambique	784	589	23	-82.9%
Average	585	547	394	-17.9%

Prices varied noticeably by the country of destination; the country with the highest price was Japan ($464 per ton), while Mozambique ($23 per ton) was amongst the lowest.

From 2018 to 2020, the most notable rate of growth in terms of prices was attained by Japan, while the other global leaders experienced a decline in the import price figures.

Processed Petroleum Oils and Distillates - Top Importers

COUNTRY	2018	2019	2020	CAGR, 2018-2020
COUNTRY	billion USD			CAGR, 2018-2020
United States	61	62	36	-23.1%
Singapore	54	46	31	-24.2%
Netherlands	29	27	18	-21.2%
Mexico	31	30	17	-25.3%
France	14	23	16	8.6%

In value terms, the United States ($36.3B), Singapore ($31.2B) and the Netherlands ($18.1B) were the countries with the highest levels of imports in 2020, with a combined 20% share of global imports. These countries were followed by Mexico, France, Belgium, Germany, Malaysia, South Korea, China, Australia, Japan and Mozambique, which together accounted for a further 28%.

France recorded the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other global leaders experienced mixed trends in the imports figures.

Processed Petroleum Oils and Distillates - Top Exporters

COUNTRY	2018	2019	2020	CAGR, 2018-2020
COUNTRY	billion USD			CAGR, 2018-2020
United States	96	88	61	-20.4%
Russia	78	67	45	-24.0%
Netherlands	47	48	35	-14.2%
Singapore	52	46	27	-27.4%
India	45	40	26	-24.3%

In value terms, the largest processed petroleum oils and distillates supplying countries worldwide were the United States ($60.7B), Russia ($45.1B) and the Netherlands ($34.9B), together accounting for 31% of global exports. Singapore, India, China, South Korea, the United Arab Emirates, Belgium, Saudi Arabia, Malaysia, Spain and Canada lagged somewhat behind, together accounting for a further 39%.

Belgium saw the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other global leaders experienced a decline in the exports figures.

Processed Petroleum Oils and Distillates - Market Forecast

Driven by rising demand for processed petroleum oils and distillates worldwide, the market is expected to start an upward consumption trend over the next decade. The performance of the market is forecast to increase slightly, with an anticipated CAGR of for the period from 2020 to 2030, which is projected to bring the market volume to by the end of 2030.

Processed Petroleum Oils and Distillates - Product Coverage

HS 2710 - Petroleum oils, oils from bituminous minerals, not crude; preparations n.e.s. containing less than 70% petroleum oils, oils from bituminous minerals; these being the basic constituents of the preparations

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the global market for processed petroleum oils and distillates. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Country coverage:

Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:

+ the largest producing countries

Data coverage:

Global market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Global production, split by region and country
Global trade (exports and imports)
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. CONSUMPTION BY COUNTRY
3. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. GLOBAL PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
2. PRODUCTION BY COUNTRY
8. GLOBAL IMPORTS
The Largest Importers on The Market and How They Succeed
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. GLOBAL EXPORTS
The Largest Exporters on The Market and How They Succeed
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
11. COUNTRY PROFILES

The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO
- United States
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption, By Country, 2018–2023
5. Production, In Physical Terms, By Country, 2012–2023
6. Imports, In Physical Terms, By Country, 2012–2023
7. Imports, In Value Terms, By Country, 2012–2023
8. Import Prices, By Country Of Destination, 2012–2023
9. Exports, In Physical Terms, By Country, 2012–2023
10. Exports, In Value Terms, By Country, 2012–2023
11. Export Prices, By Country Of Origin, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Consumption, By Country, 2023
4. Market Volume Forecast to 2030
5. Market Value Forecast to 2030
6. Products: Market Size And Growth, By Type
7. Products: Average Per Capita Consumption, By Type
8. Products: Exports And Growth, By Type
9. Products: Export Prices And Growth, By Type
10. Production Volume And Growth
11. Exports And Growth
12. Export Prices And Growth
13. Market Size And Growth
14. Per Capita Consumption
15. Imports And Growth
16. Import Prices
17. Production, In Physical Terms, 2012–2023
18. Production, In Value Terms, 2012–2023
19. Production, By Country, 2023
20. Production, In Physical Terms, By Country, 2012–2023
21. Imports, In Physical Terms, 2012–2023
22. Imports, In Value Terms, 2012–2023
23. Imports, In Physical Terms, By Country, 2023
24. Imports, In Physical Terms, By Country, 2012–2023
25. Imports, In Value Terms, By Country, 2012–2023
26. Import Prices, By Country, 2012–2023
27. Exports, In Physical Terms, 2012–2023
28. Exports, In Value Terms, 2012–2023
29. Exports, In Physical Terms, By Country, 2023
30. Exports, In Physical Terms, By Country, 2012–2023
31. Exports, In Value Terms, By Country, 2012–2023
32. Export Prices, 2012–2023