Report Update Nov 1, 2024

Myanmar - Processed Petroleum Oils and Distillates - Market Analysis, Forecast, Size, Trends and Insights

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Myanmar: Market for Processed Petroleum Oils and Distillates 2024

Market Size for Processed Petroleum Oils and Distillates in Myanmar

The Myanmar's market for processed petroleum oils and distillates surged to $X in 2022, picking up by 89% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption showed significant growth. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Exports of Processed Petroleum Oils and Distillates

Exports from Myanmar

In 2022, approx. X tons of processed petroleum oils and distillates were exported from Myanmar; jumping by 137% on 2021 figures. Over the period under review, exports, however, recorded a pronounced setback. Over the period under review, the exports attained the maximum at X tons in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, processed petroleum oils and distillates exports surged to $X in 2022. Overall, exports, however, showed a perceptible setback. Over the period under review, the exports hit record highs at $X in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Singapore (X tons) was the main destination for processed petroleum oils and distillates exports from Myanmar, with a 80% share of total exports. Moreover, processed petroleum oils and distillates exports to Singapore exceeded the volume sent to the second major destination, Hong Kong SAR (X tons), fivefold.

From 2015 to 2022, the average annual growth rate of volume to Singapore amounted to +86.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hong Kong SAR (0.0% per year) and the Philippines (+19.1% per year).

In value terms, the largest markets for processed petroleum oils and distillates exported from Myanmar were Hong Kong SAR ($X), Singapore ($X) and the Philippines ($X), together comprising 97% of total exports.

Singapore, with a CAGR of +101.7%, recorded the highest growth rate of the value of exports, among 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

The average export price for processed petroleum oils and distillates stood at $X per ton in 2022, remaining relatively unchanged against the previous year. In general, the export price, however, showed a relatively flat trend pattern. Over the period under review, the average export prices attained the peak figure at $X per ton in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Hong Kong SAR ($X per ton), while the average price for exports to Singapore ($X per ton) was amongst the lowest.

From 2015 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (+30.8%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Processed Petroleum Oils and Distillates

Imports into Myanmar

In 2022, the amount of processed petroleum oils and distillates imported into Myanmar surged to X tons, picking up by 89% compared with 2021. Over the period under review, imports continue to indicate significant growth. The pace of growth was the most pronounced in 2015 when imports increased by 113% against the previous year. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the near future.

In value terms, processed petroleum oils and distillates imports soared to $X in 2022. Overall, imports saw a buoyant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Singapore (X tons) was the main processed petroleum oils and distillates supplier to Myanmar, with a 95% share of total imports. Moreover, processed petroleum oils and distillates imports from Singapore exceeded the figures recorded by the second-largest supplier, China (X tons), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from Singapore stood at +49.5%.

In value terms, Singapore ($X) constituted the largest supplier of processed petroleum oils and distillates to Myanmar, comprising 95% of total imports. The second position in the ranking was held by China ($X), with a 4.9% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Singapore totaled +28.6%.

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. In general, the import price, however, recorded a abrupt contraction. The pace of growth was the most pronounced in 2017 when the average import price increased by 103%. 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.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Singapore ($X per ton), while the price for China totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (-12.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for processed petroleum oils and distillates in the world?

The countries with the highest volumes of in 2021 were the United States, Saudi Arabia and Russia, with a combined 32% share of global consumption. These countries were followed by Iraq, Canada, Iran, India, China, the United Arab Emirates, Brazil, Kuwait, Mexico and Venezuela, which together accounted for a further 35%.

What are the largest producers of processed petroleum oils and distillates in the world?

The countries with the highest volumes of in 2021 were the United States, Saudi Arabia and Russia, together comprising 35% of global production. These countries were followed by Iraq, India, Iran, Canada, China, the United Arab Emirates, Kuwait, Brazil, Venezuela and Mexico, which together accounted for a further 36%.

What are the leading suppliers of processed petroleum oils and distillates to Myanmar?

In value terms, Malaysia constituted the largest supplier of processed petroleum oils and distillates to Myanmar, comprising 89% of total imports. The second position in the ranking was occupied by India, with an 8.9% share of total imports.

What are the leading importers of processed petroleum oils and distillates from Myanmar?

In value terms, the Netherlands remains the key foreign market for processed petroleum oils and distillates exports from Myanmar.

What is the average export price for processed petroleum oils and distillates in Myanmar?

In 2021, the average export price for processed petroleum oils and distillates amounted to $578 per ton, flattening at the previous year.

What is the average import price for processed petroleum oils and distillates in Myanmar?

In 2021, the average import price for processed petroleum oils and distillates amounted to $486 per ton, rising by 51% against the previous year.

This report provides an in-depth analysis of the market for processed petroleum oils and distillates in Myanmar. 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:

Myanmar

Data coverage:

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

Reasons to buy this report:

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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
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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