Canada: Petroleum Market 2020

Petroleum Market Size in Canada

The revenue of the petroleum market in Canada amounted to $X in 2017, coming down by -X% against the previous year. Overall, petroleum consumption continues to indicate a modest increase. The most prominent rate of growth was recorded in 2011, when it surged by X% y-o-y. Canada petroleum consumption peaked of $X in 2014; however, from 2015 to 2017, it failed to regain its momentum.

Petroleum Production in Canada

In 2017, approx. X tons of petroleum were produced in Canada; jumping by X% against the previous year. The total output volume increased an average annual rate of +X% from 2007 to 2017; however, the trend pattern indicated some noticeable fluctuations throughout the analyzed period. The growth pace was the most rapid in 2013, with an increase of X% year-to-year. Over the period under review, the petroleum production attained its maximum volume in 2017, and is likely to continue its growth in the immediate term.

Petroleum Exports by Country from Canada

In 2017, the U.S. (X tons), followed by Russia (X tons), Singapore (X tons), the Netherlands (X tons), South Korea (X tons) and India (X tons) were the main exporters of petroleum, together comprising X% of total exports. China (X tons), Belgium (X tons), Saudi Arabia (X tons), the United Arab Emirates (X tons), Canada (X tons) and Malaysia (X tons) occupied the mild 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 the U.S. (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, the largest petroleum markets worldwide were the U.S. ($X), Russia ($X) and Singapore ($X), with a combined X% share of total exports.

In terms of the main exporting countries , the U.S. (+X% per year) experienced the highest growth rate of exports, over the last decade, while the other leaders experienced more modest paces of growth.

Petroleum Export Prices by Country in Canada

In 2017, the petroleum export price in Canada amounted to $X per ton, leveling off at by -% against the previous year. Over the period from 2007 to 2017, it decreased at an average annual rate of nan%. The most prominent rate of growth was recorded in 2008, an increase of -% year-to-year.

There were significant differences in the average export prices amongst the major exporting countries. In 2017, the country with the highest export price was the United Arab Emirates ($X per ton), while the U.S. ($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 into Canada

Petroleum imports into Canada amounted to X tons in 2017, picking up by X% against the previous year. In general, the total imports indicated a strong expansion from 2007 to 2017: its volume 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 imports increased by +X% against 2013 indices. The growth pace was the most rapid in 2011, with an increase of X% against the previous year. Canada imports peaked in 2017, and are likely to see steady growth in the near future.

In value terms, petroleum imports stood at $X in 2017. Overall, petroleum imports continue to indicate a strong increase. Over the period under review, the petroleum imports reached its peak figure level of $X in 2014; however, from 2015 to 2017, it failed to regain its momentum.

Petroleum Imports by Country into Canada

The U.S. (X tons) and Singapore (X tons) represented the major importers of petroleum in 2017, finishing at near X% and X% of total imports, respectively. It was followed by the Netherlands (X tons), generating X% share of total imports. Mexico (X tons), Belgium (X tons), Germany (X tons), Malaysia (X tons), France (X tons), China (X tons), the UK (X tons), Indonesia (X tons) and Canada (X tons) held the minor share of total imports.

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

In value terms, the U.S. ($X), Singapore ($X) and the Netherlands ($X) constituted the countries with the highest levels of imports in 2017, with a combined X% share of total imports. Mexico, Germany, Belgium, France, the UK, Malaysia, Indonesia, China and Canada lagged somewhat behind, together accounting for a further X%.

Among the main importing countries , Malaysia (+X% per year) experienced the highest growth rate of imports, over the last decade, while the other leaders experienced more modest paces of growth.

Petroleum Import Prices by Country in Canada

In 2017, the petroleum import price in Canada amounted to $X per ton, growing by X% against the previous year. In general, petroleum import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2013, when it surged by X% y-o-y. In that year, the import prices for petroleum reached their peak level of $X per ton. From 2014 to 2017, growth of the import prices for petroleum failed to regain its momentum.

Average import prices varied somewhat amongst the major importing countries. In 2017, major importing countries recorded the following import prices: in the UK ($X per ton) and Germany ($X per ton), while China ($X per ton) and the U.S. ($X per ton) were amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by Singapore (+X% per year), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform