Algeria: Market for Processed Petroleum Oils and Distillates 2024

Market Size for Processed Petroleum Oils and Distillates in Algeria

The Algerian market for processed petroleum oils and distillates declined to $X in 2022, approximately mirroring the previous year. Overall, consumption showed a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2019 to 2022, the growth of the market remained at a lower figure.

Production of Processed Petroleum Oils and Distillates in Algeria

In value terms, processed petroleum oils and distillates production reduced to $X in 2022 estimated in export price. Over the period under review, production saw a perceptible slump. The most prominent rate of growth was recorded in 2018 with an increase of 23%. Over the period under review, production hit record highs at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

Exports of Processed Petroleum Oils and Distillates

Exports from Algeria

In 2022, exports of processed petroleum oils and distillates from Algeria contracted to X tons, declining by -6.2% on 2021. In general, exports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when exports increased by 40% against the previous year. As a result, the exports attained the peak of X tons. From 2015 to 2022, the growth of the exports remained at a lower figure.

In value terms, processed petroleum oils and distillates exports shrank to $X in 2022. Over the period under review, exports showed a drastic downturn. The most prominent rate of growth was recorded in 2021 with an increase of 36% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X tons) was the main destination for processed petroleum oils and distillates exports from Algeria, accounting for a 20% share of total exports. Moreover, processed petroleum oils and distillates exports to the United States exceeded the volume sent to the second major destination, Singapore (X tons), threefold. Germany (X tons) ranked third in terms of total exports with a 7.9% share.

From 2012 to 2022, the average annual growth rate of volume to the United States totaled -7.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Singapore (+46.0% per year) and Germany (+8.9% per year).

In value terms, the United States ($X) emerged as the key foreign market for processed petroleum oils and distillates exports from Algeria, comprising 19% of total exports. The second position in the ranking was held by Germany ($X), with an 8.2% share of total exports. It was followed by Singapore, with an 8.1% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States stood at -14.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+1.2% per year) and Singapore (+33.7% per year).

Export Prices by Country

In 2022, the average export price for processed petroleum oils and distillates amounted to $X per ton, declining by -7.6% against the previous year. In general, the export price showed a abrupt curtailment. The most prominent rate of growth was recorded in 2018 when the average export price increased by 29%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Spain ($X per ton), while the average price for exports to Greece ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Spain (-6.2%), while the prices for the other major destinations experienced a decline.

Imports of Processed Petroleum Oils and Distillates

Imports into Algeria

Processed petroleum oils and distillates imports into Algeria expanded slightly to X tons in 2022, with an increase of 2.2% compared with the previous year. Overall, imports saw a strong increase. The growth pace was the most rapid in 2015 with an increase of 39% against the previous year. Over the period under review, imports attained the maximum at X tons in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, processed petroleum oils and distillates imports rose modestly to $X in 2022. Over the period under review, imports, however, recorded a noticeable contraction. The pace of growth appeared the most rapid in 2018 with an increase of 80% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Turkey (X tons) constituted the largest supplier of processed petroleum oils and distillates to Algeria, with a 34% share of total imports. Moreover, processed petroleum oils and distillates imports from Turkey exceeded the figures recorded by the second-largest supplier, Belgium (X tons), fourfold. Italy (X tons) ranked third in terms of total imports with a 4.7% share.

From 2012 to 2022, the average annual growth rate of volume from Turkey stood at +57.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+33.6% per year) and Italy (-8.2% per year).

In value terms, the largest processed petroleum oils and distillates suppliers to Algeria were Turkey ($X), Belgium ($X) and France ($X), with a combined 33% share of total imports. Germany, Italy, Romania, Poland, Spain, Greece, the United States, Lithuania and the Netherlands lagged somewhat behind, together comprising a further 22%.

Among the main suppliers, Poland, with a CAGR of +73.5%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average import price for processed petroleum oils and distillates amounted to $X per ton, approximately mirroring the previous year. Overall, the import price, however, saw a deep contraction. The most prominent rate of growth was recorded in 2018 an increase of 39% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat 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 Romania ($X per ton), while the price for Lithuania ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Romania (-7.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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