Greece: Petroleum Market 2020

Petroleum Market Size in Greece

The revenue of the petroleum market in Greece amounted to $X in 2017, coming up by X% against the previous year. Overall, petroleum consumption continues to indicate a prominent expansion. The pace of growth appeared the most rapid in 2017, with an increase of X% y-o-y. In that year, the petroleum market reached their peak level, and is likely to continue its growth in the immediate term.

Petroleum Production in Greece

Petroleum production in Greece amounted to X tons in 2017, leveling off at 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 consistent, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2016, when the output figure increased by X% year-to-year. In that year, the petroleum production attained their peak volume of X tons, leveling off in the following year.

Petroleum Exports from Greece

In 2017, petroleum exports from Greece totaled X tons, coming down by -X% against the previous year. In general, petroleum exports continue to indicate a prominent expansion. The pace of growth appeared the most rapid in 2008, when exports increased by X% against the previous year. Greece exports peaked of X tons in 2016, and then declined slightly in the following year.

In value terms, petroleum exports amounted to $X in 2017. Overall, petroleum exports continue to indicate a remarkable growth. Over the period under review, the petroleum exports reached its maximum level of $X in 2013; however, from 2014 to 2017, it stood at a somewhat lower level.

Petroleum Exports by Country from Greece

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 key 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) followed a long way behind the leaders.

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 U.S. ($X), Russia ($X) and Singapore ($X) were the countries with the highest levels of exports in 2017, with a combined X% share of total exports. These countries were followed by the Netherlands, India, South Korea, Belgium, China, the United Arab Emirates, Saudi Arabia, Malaysia, Canada and Greece, which together accounted for a further X%.

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

Petroleum Export Prices by Country in Greece

In 2017, the petroleum export price in Greece amounted to $X per ton, picking up by X% against the previous year. Overall, petroleum export price continues to indicate a slight decline. The most prominent rate of growth was recorded in 2011, when it surged by X% y-o-y. Over the period under review, the export prices for petroleum reached its maximum 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 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 Greece

In 2017, the amount of petroleum imported into Greece amounted to X tons, jumping by X% against the previous year. Overall, the total imports indicated a prominent growth 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 2011 indices. The most prominent rate of growth was recorded in 2008, when imports increased by X% y-o-y. Greece imports peaked in 2017, and are likely to continue its growth in the immediate term.

In value terms, petroleum imports totaled $X in 2017. In general, petroleum imports continue to indicate a prominent increase. Greece imports peaked of $X in 2011; however, from 2012 to 2017, it stood at a somewhat lower level.

Petroleum Imports by Country into Greece

The U.S. (X tons) and Singapore (X tons) represented roughly X% of total imports of petroleum in 2017. It was followed by the Netherlands (X tons), generating X% share of total imports. The following importers - 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) 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 Malaysia (+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. ($X), Singapore ($X) and the Netherlands ($X), with a combined X% share of total imports. These countries were followed by Mexico, Germany, Belgium, France, the UK, Malaysia, Indonesia, China, Canada and Greece, which together accounted for a further X%.

Malaysia (+X% per year) recorded the highest rates of growth with regard to imports, in terms of the main importing countries over the last decade, while the other leaders experienced more modest paces of growth.

Petroleum Import Prices by Country in Greece

The petroleum import price in Greece stood at $X per ton in 2017, going up by X% against the previous year. In general, petroleum import price continues to indicate a pronounced decrease. The most prominent rate of growth was recorded in 2010, when it surged by X% year-to-year. Greece import price peaked of $X per ton in 2012; however, from 2013 to 2017, it stood at a somewhat lower level.

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 ($X per ton) and Canada ($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