EU: Petroleum Market 2020

Petroleum Market Size in the EU

The revenue of the petroleum market in the European Union amounted to $X in 2017, going up by X% against the previous year. The total market indicated a modest increase 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. The growth pace was the most rapid in 2017, when market value increased by X% against the previous year. Over the period under review, the petroleum market reached its peak figure level of $X in 2012; however, from 2013 to 2017, it stood at a somewhat lower level.

Petroleum Production in the EU

In 2017, petroleum production in the European Union stood at X tons, coming up by X% 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 somewhat noticeable fluctuations being recorded over the period under review. The growth pace was the most rapid in 2016, when the output figure increased by X% against the previous year. Over the period under review, the petroleum production reached its peak figure volume in 2017, and is likely to see steady growth in the immediate term.

Petroleum Exports

Exports in the EU

In 2017, petroleum exports in the European Union totaled X tons, falling by -X% against the previous year. The petroleum exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015, when exports increased by X% against the previous year. In that year, the petroleum exports attained their peak volume of X tons. From 2016 to 2017, growth of the petroleum exports stood at a somewhat lower level.

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

Exports by Country

In 2017, the Netherlands (X tons), distantly followed by Belgium (X tons), Italy (X tons), the UK (X tons), Germany (X tons), Greece (X tons), France (X tons), Spain (X tons) and Sweden (X tons) were the largest exporters of petroleum, together comprising X% 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 Greece (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), Belgium ($X) and Italy ($X) appeared to be the countries with the highest levels of exports in 2017, with a combined X% share of total exports. These countries were followed by Spain, Germany, the UK, Greece, France and Sweden, which together accounted for a further X%.

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

Export Prices by Country

The petroleum export price in the European Union stood at $X per ton in 2017, rising by X% against the previous year. The petroleum export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017, 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.

Export prices varied noticeably by the country of destination; the country with the highest export price was Spain ($X per ton), while Greece ($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 Spain (+X% per year), while the other leaders experienced mixed trends in the export price figures.

Petroleum Imports

Imports in the EU

The imports totaled X tons in 2017, coming down by -X% against the previous year. The total import volume increased an average annual rate of +X% from 2007 to 2017; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2013, when imports increased by X% year-to-year. The volume of imports peaked of X tons in 2016, and then declined slightly in the following year.

In value terms, petroleum imports stood at $X in 2017. The petroleum imports continue to indicate a relatively flat trend pattern. The level of imports peaked of $X in 2013; however, from 2014 to 2017, it stood at a somewhat lower level.

Imports by Country

In 2017, the Netherlands (X tons), followed by Belgium (X tons), Germany (X tons), France (X tons), the UK (X tons), Italy (X tons) and Spain (X tons) were the major importers of petroleum, together achieving X% of total imports. The following importers - Sweden (X tons), Greece (X tons), Austria (X tons), Malta (X tons) and Poland (X tons) together made up 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 Malta (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), Germany ($X) and Belgium ($X) were the countries with the highest levels of imports in 2017, together accounting for X% of total imports. These countries were followed by France, the UK, Spain, Italy, Sweden, Malta, Austria, Poland and Greece, which together accounted for a further X%.

Malta (+X% per year) experienced the highest growth rate of imports, in terms of the main importing countriesover the last decade, while the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2017, the petroleum import price in the European Union amounted to $X per ton, jumping by X% against the previous year. The petroleum import price continues to indicate a slight shrinkage. The pace of growth appeared the most rapid in 2011, when the import prices increased by X% against the previous year. Over the period under review, the import prices for petroleum reached its peak figure level of $X per ton in 2012; however, from 2013 to 2017, it stood at a somewhat lower level.

Import prices varied noticeably by the country of destination; the country with the highest import price was Sweden ($X per ton), while Greece ($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 Malta (+X% per year), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform