Netherlands: Market for Processed Petroleum Oils and Distillates 2024

Market Size for Processed Petroleum Oils and Distillates in the Netherlands

The Dutch market for processed petroleum oils and distillates fell to $X in 2022, approximately reflecting the previous year. In general, consumption continues to indicate a abrupt descent. 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.

Production of Processed Petroleum Oils and Distillates in the Netherlands

In value terms, processed petroleum oils and distillates production fell to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a pronounced reduction. The most prominent rate of growth was recorded in 2018 with an increase of 17% against the previous year. Processed petroleum oils and distillates production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Exports of Processed Petroleum Oils and Distillates

Exports from the Netherlands

In 2022, approx. X tons of processed petroleum oils and distillates were exported from the Netherlands; growing by 45% against the year before. Overall, exports showed a strong expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 50%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, processed petroleum oils and distillates exports skyrocketed to $X in 2022. Over the period under review, exports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 when exports increased by 50%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Germany (X tons) was the main destination for processed petroleum oils and distillates exports from the Netherlands, with a 30% share of total exports. Moreover, processed petroleum oils and distillates exports to Germany exceeded the volume sent to the second major destination, Belgium (X tons), twofold. The third position in this ranking was taken by the United States (X tons), with a 10% share.

From 2012 to 2022, the average annual growth rate of volume to Germany amounted to +9.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (+5.0% per year) and the United States (+11.3% per year).

In value terms, Germany ($X) remains the key foreign market for processed petroleum oils and distillates exports from the Netherlands, comprising 29% of total exports. The second position in the ranking was held by Belgium ($X), with a 14% share of total exports. It was followed by the United States, with an 8% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Germany was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (-1.9% per year) and the United States (+0.9% per year).

Export Prices by Country

The average export price for processed petroleum oils and distillates stood at $X per ton in 2022, stabilizing at the previous year. Overall, the export price showed a abrupt curtailment. The most prominent rate of growth was recorded in 2017 when the average export price increased by 28% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Sweden ($X per ton), while the average price for exports to the United States ($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 Sweden (-3.2%), while the prices for the other major destinations experienced a decline.

Imports of Processed Petroleum Oils and Distillates

Imports into the Netherlands

In 2022, purchases abroad of processed petroleum oils and distillates increased by 48% to X tons, rising for the second year in a row after five years of decline. In general, total imports indicated a notable expansion from 2012 to 2022: its volume increased at an average annual rate of +3.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +130.2% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 56%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, processed petroleum oils and distillates imports soared to $X in 2022. Over the period under review, imports, however, showed a pronounced contraction. The growth pace was the most rapid in 2021 with an increase of 56%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

India (X tons), Belgium (X tons) and the United States (X tons) were the main suppliers of processed petroleum oils and distillates imports to the Netherlands, with a combined 43% share of total imports. The UK, Germany, China, Spain, France, Kazakhstan, Turkey, Brazil, Norway and Sweden lagged somewhat behind, together comprising a further 44%.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of +39.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, India ($X), Belgium ($X) and the UK ($X) were the largest processed petroleum oils and distillates suppliers to the Netherlands, together comprising 44% of total imports. Germany, the United States, China, Spain, France, Turkey, Sweden, Kazakhstan, Brazil and Norway lagged somewhat behind, together comprising a further 41%.

Among the main suppliers, China, with a CAGR of +26.9%, saw the highest growth rate of 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

In 2022, the average import price for processed petroleum oils and distillates amounted to $X per ton, flattening at the previous year. Over the period under review, the import price saw a abrupt slump. The pace of growth was the most pronounced in 2017 when the average import price increased by 35% against the previous year. 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 stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (-7.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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