Germany: Market for Processed Petroleum Oils and Distillates 2024

Market Size for Processed Petroleum Oils and Distillates in Germany

In 2022, the German market for processed petroleum oils and distillates increased by 13% to $X, rising for the second year in a row after two years of decline. Overall, consumption, however, showed a slight decline. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Production of Processed Petroleum Oils and Distillates in Germany

In value terms, processed petroleum oils and distillates production reduced modestly to $X in 2022 estimated in export price. Over the period under review, production recorded a noticeable setback. The most prominent rate of growth was recorded in 2021 when the production volume increased by 11%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Exports of Processed Petroleum Oils and Distillates

Exports from Germany

In 2022, shipments abroad of processed petroleum oils and distillates increased by 14% to X tons, rising for the second year in a row after five years of decline. The total export volume increased at an average annual rate of +2.5% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, processed petroleum oils and distillates exports soared to $X in 2022. In general, exports recorded a moderate increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Austria (X tons), the Netherlands (X tons) and Switzerland (X tons) were the main destinations of processed petroleum oils and distillates exports from Germany, together accounting for 56% of total exports. Poland, the Czech Republic, France, Belgium, Luxembourg and the UK lagged somewhat behind, together comprising a further 36%.

From 2012 to 2022, the biggest increases were recorded for France (with a CAGR of +14.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Austria ($X), the Netherlands ($X) and Switzerland ($X) constituted the largest markets for processed petroleum oils and distillates exported from Germany worldwide, together comprising 50% of total exports. Poland, the Czech Republic, France, Belgium, the UK and Luxembourg lagged somewhat behind, together comprising a further 37%.

France, with a CAGR of +14.2%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average export price for processed petroleum oils and distillates amounted to $X per ton, rising by 46% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to the Netherlands ($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 the UK (+3.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Processed Petroleum Oils and Distillates

Imports into Germany

In 2022, imports of processed petroleum oils and distillates into Germany surged to X tons, growing by 54% against the year before. Overall, imports enjoyed a resilient expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, processed petroleum oils and distillates imports soared to $X in 2022. Over the period under review, imports saw a relatively flat trend pattern. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, the Netherlands (X tons) constituted the largest supplier of processed petroleum oils and distillates to Germany, accounting for a 70% share of total imports. Moreover, processed petroleum oils and distillates imports from the Netherlands exceeded the figures recorded by the second-largest supplier, Belgium (X tons), fivefold. The third position in this ranking was held by France (X tons), with a 2.9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the Netherlands amounted to +10.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+4.8% per year) and France (+15.0% per year).

In value terms, the Netherlands ($X) constituted the largest supplier of processed petroleum oils and distillates to Germany, comprising 67% of total imports. The second position in the ranking was held by Belgium ($X), with a 13% share of total imports. It was followed by France, with a 3.8% share.

From 2012 to 2022, the average annual growth rate of value from the Netherlands amounted to +1.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (-3.3% per year) and France (+6.8% per year).

Import Prices by Country

In 2022, the average import price for processed petroleum oils and distillates amounted to $X per ton, leveling off at the previous year. Overall, the import price, however, showed a deep downturn. The growth pace was the most rapid in 2018 when the average import price increased by 32%. Over the period under review, average import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($X per ton), while the price for Switzerland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (-5.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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