Asia: Petroleum Market 2020

Petroleum Market Size in Asia

The revenue of the petroleum market in Asia amounted to $X in 2017, going up by X% against the previous year. The total market indicated a mild growth from 2007 to 2017: its value increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the petroleum consumption decreased by -X% against 2013 indices. The pace of growth appeared the most rapid in 2011, when it surged by X% year-to-year. Over the period under review, the petroleum market attained its peak figure level of $X in 2013; however, from 2014 to 2017, it failed to regain its momentum.

Petroleum Production in Asia

In 2017, the amount of petroleum produced in Asia stood at X tons, increasing by X% against the previous year. The total output volume increased an average annual rate of +X% from 2007 to 2017; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The pace of growth appeared the most rapid in 2011, when the output figure increased by X% against the previous year. Over the period under review, the petroleum production attained its maximum volume in 2017, and is expected to retain its growth in the immediate term.

Petroleum Exports

Exports in Asia

In 2017, the amount of petroleum exported in Asia stood at X tons, coming up by X% against the previous year. The total export volume increased an average annual rate of +X% over the period from 2007 to 2017; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in 2010, when exports increased by X% against the previous year. Over the period under review, the petroleum exports reached its peak figure volume in 2017, and are expected to retain its growth in the near future.

In value terms, petroleum exports amounted to $X in 2017. The petroleum exports continue to indicate a slight increase. The level of exports peaked of $X in 2013; however, from 2014 to 2017, it failed to regain its momentum.

Exports by Country

In 2017, Singapore (X tons), South Korea (X tons), India (X tons) and China (X tons) represented the major exporters of petroleum in Asia, making up X% of total export. Saudi Arabia (X tons) took the second position in the ranking, followed by the United Arab Emirates (X tons), Malaysia (X tons) and Taiwan, Chinese (X tons). All these countries together held approx. X% share of total exports.

From 2007 to 2017, the most notable rate of growth in terms of exports, amongst the main exporting countries, was attained by China (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, Singapore ($X), India ($X) and South Korea ($X) appeared to be the countries with the highest levels of exports in 2017, together comprising X% of total exports. China, the United Arab Emirates, Saudi Arabia, Malaysia and Taiwan, Chinese lagged somewhat behind, together accounting for a further X%.

Among the main exporting countries, China (+X% per year) experienced the highest rates of growth with regard to exports, over the last decade, while the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2017, the petroleum export price in Asia amounted to $X per ton, picking up by X% against the previous year. The petroleum export price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2011, when it surged by X% year-to-year. The level of export price peaked of $X per ton in 2013; however, from 2014 to 2017, it stood at a somewhat lower level.

Export prices varied noticeably by the country of destination; the country with the highest export price was the United Arab Emirates ($X per ton), while Taiwan, Chinese ($X per ton) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of export prices was attained by the United Arab Emirates (+X% per year), while the other leaders experienced more modest paces of growth.

Petroleum Imports

Imports in Asia

In 2017, the amount of petroleum imported in Asia totaled X tons, remaining constant against the previous year. The total import volume increased an average annual rate of +X% over the period from 2007 to 2017; the trend pattern remained relatively stable, with only minor fluctuations in certain years. The growth pace was the most rapid in 2008, when imports increased by X% against the previous year. The volume of imports peaked of X tons in 2013; however, from 2014 to 2017, it failed to regain its momentum.

In value terms, petroleum imports totaled $X in 2017. The petroleum imports continue to indicate a measured increase. Over the period under review, the petroleum imports attained its peak figure level of $X in 2012; however, from 2013 to 2017, it failed to regain its momentum.

Imports by Country

Singapore was the main importer of petroleum in Asia, with the volume of imports recording X tons, which was approx. X% of total imports in 2017. Malaysia (X tons) occupied a X% share (based on tons) of total imports, which put it in second place, followed by China (X%), Indonesia (X%) and Japan (X%). Turkey (X tons), Vietnam (X tons), South Korea (X tons), Pakistan (X tons), China, Hong Kong SAR (X tons), the Philippines (X tons) and Taiwan, Chinese (X tons) held the slight share of total imports.

Imports into Singapore increased at an average annual rate of +X% from 2007 to 2017. At the same time, Malaysia (+X%), the Philippines (+X%), Vietnam (+X%), Turkey (+X%), Pakistan (+X%), Indonesia (+X%) and China, Hong Kong SAR (+X%) displayed positive paces of growth. Moreover, Malaysia emerged as the fastest growing importer in Asia, with a CAGR of +X% from 2007-2017. China experienced a relatively flat trend pattern. By contrast, South Korea (-X%), Japan (-X%) and Taiwan, Chinese (-X%) illustrated a downward trend over the same period. While the share of Japan (X%) increased significantly in terms of the global imports from 2007-2017, the share of Turkey (-X%), Vietnam (-X%), the Philippines (-X%), Indonesia (-X%), Malaysia (-X%) and Singapore (-X%) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Singapore ($X) constitutes the largest market for imported petroleum in Asia, making up X% of global imports. The second position in the ranking was occupied by Malaysia ($X), with a X% share of global imports. It was followed by Indonesia, with a X% share.

From 2007 to 2017, the average annual rate of growth in terms of value in Singapore stood at +X%. In the other countries, the average annual rates were as follows: Malaysia (+X% per year) and Indonesia (+X% per year).

Import Prices by Country

In 2017, the petroleum import price in Asia amounted to $X per ton, increasing by X% against the previous year. The petroleum import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2011, when it surged by X% year-to-year. The level of import price peaked of $X per ton in 2012; however, from 2013 to 2017, it failed to regain its momentum.

Import prices varied noticeably by the country of destination; the country with the highest import price was South Korea ($X per ton), while China ($X per ton) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by South Korea (+X% per year), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform