Eastern Asia: Petroleum Market 2020

Petroleum Market Size in Eastern Asia

The revenue of the petroleum market in Eastern Asia amounted to $X in 2017, coming up by X% against the previous year. The petroleum consumption continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2008, with an increase of X% against the previous year. Over the period under review, the petroleum market attained its peak figure level of $X in 2012; however, from 2013 to 2017, it stood at a somewhat lower level.

Petroleum Production in Eastern Asia

In 2017, approx. X tons of petroleum were produced in Eastern Asia; remaining stable against the previous year. The total output 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 over the period under review. The most prominent rate of growth was recorded in 2016, when the output figure increased by X% year-to-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 Eastern Asia

In 2017, approx. X tons of petroleum were exported in Eastern Asia; growing by X% against the previous year. The total export volume increased an average annual rate of +X% over the period from 2007 to 2017; however, the trend pattern indicated some noticeable fluctuations over the period under review. The most prominent rate of growth was recorded in 2008, when it surged by X% against the previous year. Over the period under review, the petroleum exports reached its maximum volume in 2017, and are likely to see steady growth in the immediate term.

In value terms, petroleum exports totaled $X in 2017. The petroleum exports continue to indicate a pronounced increase. Over the period under review, the petroleum exports attained its peak figure level of $X in 2013; however, from 2014 to 2017, it failed to regain its momentum.

Exports by Country

South Korea (X tons) and China (X tons) were the largest exporters of petroleum in 2017, accounting for near X% and X% of total exports, respectively. Taiwan, Chinese (X tons) held a X% share (based on tons) of total exports, which put it in second place, followed by Japan (X%).

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, South Korea ($X), China ($X) and Taiwan, Chinese ($X) constituted the countries with the highest levels of exports in 2017, with a combined X% share of total exports.

China (+X% per year) recorded the highest growth rate of exports, among the main exporting countriesover the last decade, while the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2017, the petroleum export price in Eastern Asia amounted to $X per ton, surging by X% against the previous year. The petroleum export price continues to indicate a slight slump. The most prominent rate of growth was recorded in 2008, when it surged by X% against the previous year. Over the period under review, the export prices for petroleum attained its peak figure level of $X per ton in 2012; however, from 2013 to 2017, it stood at a somewhat lower level.

Average export prices varied somewhat amongst the major exporting countries. In 2017, major exporting countries recorded the following export prices: in China ($X per ton) and Japan ($X per ton), while Taiwan, Chinese ($X per ton) and South Korea ($X per ton) were amongst the lowest.

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

Petroleum Imports

Imports in Eastern Asia

In 2017, approx. X tons of petroleum were imported in Eastern Asia; lowering by -X% against the previous year. The petroleum imports continue to indicate a slight downturn. The growth pace was the most rapid in 2008, with an increase of X% year-to-year. The volume of imports peaked of X tons in 2013; however, from 2014 to 2017, it stood at a somewhat lower level.

In value terms, petroleum imports totaled $X in 2017. The petroleum imports continue to indicate a slight setback. Over the period under review, the petroleum imports attained its peak figure level of $X in 2013; however, from 2014 to 2017, it stood at a somewhat lower level.

Imports by Country

In 2017, China (X tons), distantly followed by Japan (X tons), South Korea (X tons), China, Hong Kong SAR (X tons) and Taiwan, Chinese (X tons) were the key importers of petroleum, together generating X% 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 China, Hong Kong SAR (+X% per year), while the other leaders experienced a decline in the imports figures.

In value terms, the largest petroleum markets worldwide were South Korea ($X), China ($X) and Japan ($X), together comprising X% of total imports.

In terms of the main importing countries, South Korea (+X% per year) experienced the highest growth rate of imports, over the last decade, while the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

The petroleum import price in Eastern Asia stood at $X per ton in 2017, coming up by X% against the previous year. The petroleum import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017, when the import prices increased by X% y-o-y. The level of import price peaked of $X per ton in 2012; however, from 2013 to 2017, it failed to regain its momentum.

There were significant differences in the average import prices amongst the major importing countries. In 2017, 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 mixed trends in the import price figures.

Source: IndexBox Platform