Report Update Nov 1, 2024

France - Crude Petroleum Oil - Market Analysis, Forecast, Size, Trends and Insights

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France: Crude Oil Market 2024

Crude Oil Market Size in France

In 2022, the French crude oil market increased by 53% to $X, rising for the second consecutive year after two years of decline. Overall, consumption, however, recorded a perceptible contraction. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Crude Oil Exports

Exports from France

In 2022, approx. X tons of crude petroleum oil were exported from France; falling by -99.2% compared with 2021 figures. In general, exports recorded a precipitous slump. The pace of growth was the most pronounced in 2021 when exports increased by 661%. As a result, the exports reached the peak of X tons, and then fell markedly in the following year.

In value terms, crude oil exports dropped remarkably to $X in 2022. Overall, exports recorded a precipitous decrease. The most prominent rate of growth was recorded in 2021 with an increase of 496% against the previous year. As a result, the exports attained the peak of $X, and then fell markedly in the following year.

Exports by Country

Germany (X tons) was the main destination for crude oil exports from France, accounting for a 97% share of total exports. It was followed by Austria (X tons), with a 1.9% share of total exports. The Netherlands (X tons) ranked third in terms of total exports with a 0.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Germany stood at -19.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Austria (-22.5% per year) and the Netherlands (-54.9% per year).

In value terms, Germany ($X) emerged as the key foreign market for crude petroleum oil exports from France, comprising 68% of total exports. The second position in the ranking was taken by Austria ($X), with a 29% share of total exports. It was followed by the Netherlands, with a 0.2% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Germany amounted to -17.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Austria (-16.6% per year) and the Netherlands (-56.9% per year).

Export Prices by Country

The average crude oil export price stood at $X per ton in 2022, picking up by 90% against the previous year. Over the period under review, the export price enjoyed noticeable growth. The growth pace was the most rapid in 2014 an increase of 144%. The export price peaked at $X per ton in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Austria ($X per ton), while the average price for exports to the Netherlands ($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 Austria (+7.5%), while the prices for the other major destinations experienced mixed trend patterns.

Crude Oil Imports

Imports into France

In 2022, overseas purchases of crude petroleum oil increased by 20% to X tons, rising for the second year in a row after three years of decline. Over the period under review, imports, however, continue to indicate a perceptible downturn. Imports peaked at X tons in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, crude oil imports skyrocketed to $X in 2022. Overall, imports, however, recorded a noticeable contraction. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

The United States (X tons), Kazakhstan (X tons) and Nigeria (X tons) were the main suppliers of crude oil imports to France, together accounting for 41% of total imports.

From 2012 to 2022, the biggest increases were recorded for the United States (with a CAGR of +371.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest crude oil suppliers to France were the United States ($X), Kazakhstan ($X) and Nigeria ($X), together comprising 43% of total imports.

Among the main suppliers, the United States, with a CAGR of +311.1%, 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

The average crude oil import price stood at $X per ton in 2022, rising by 47% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average import price increased by 61% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from the UK ($X per ton) and Norway ($X per ton), while the price for Iraq ($X per ton) and Russia ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Angola (+0.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for crude petroleum oil in the world?

The countries with the highest volumes of in 2021 were the United States, China and Russia, together accounting for 45% of global consumption. India, Saudi Arabia, South Korea, Japan, Brazil, Canada, Israel, Germany, the Netherlands and Thailand lagged somewhat behind, together comprising a further 28%.

What are the largest producers of crude petroleum oil in the world?

The countries with the highest volumes of in 2021 were the United States, Russia and Saudi Arabia, together comprising 42% of global production.

What are the leading suppliers of crude petroleum oil to France?

In value terms, Saudi Arabia, Russia and Kazakhstan constituted the largest crude oil suppliers to France, together accounting for 36% of total imports. Nigeria, the United States, Algeria, Libya, Iran, Norway and Iraq lagged somewhat behind, together comprising a further 48%.

What are the leading importers of crude petroleum oil from France?

In value terms, Belgium, India and the UK appeared to be the largest markets for crude oil exported from France worldwide, together accounting for 79% of total exports. Germany and the Netherlands lagged somewhat behind, together comprising a further 12%.

What is the average export price for crude petroleum oil in France?

In 2021, the average crude oil export price amounted to $228 per ton, falling by -52% against the previous year.

What is the average import price for crude petroleum oil in France?

The average crude oil import price stood at $533 per ton in 2021, rising by 58% against the previous year.

This report provides an in-depth analysis of the crude oil market in France. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Country coverage:

France

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in France
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023