Netherlands: Crude Oil Market 2025

Crude Oil Market Size in the Netherlands

In 2022, the Dutch crude oil market increased by 94% to $X for the first time since 2019, thus ending a two-year declining trend. Overall, consumption continues to indicate a relatively flat trend pattern. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Crude Oil Exports

Exports from the Netherlands

In 2022, crude oil exports from the Netherlands contracted sharply to X tons, shrinking by -57.9% on 2021. Overall, exports showed a perceptible curtailment. The pace of growth was the most pronounced in 2021 when exports increased by 95% against the previous year. As a result, the exports attained the peak of X tons, and then dropped rapidly in the following year.

In value terms, crude oil exports declined remarkably to $X in 2022. Over the period under review, exports showed a deep contraction. The most prominent rate of growth was recorded in 2021 with an increase of 95% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Belgium (X tons) was the main destination for crude oil exports from the Netherlands, with a 99% share of total exports. It was followed by Germany (X tons), with a 0.5% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Belgium was relatively modest.

In value terms, Belgium ($X) remains the key foreign market for crude petroleum oil exports from the Netherlands, comprising 99% of total exports. The second position in the ranking was held by Germany ($X), with a 0.7% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Belgium stood at -10.0%.

Export Prices by Country

In 2022, the average crude oil export price amounted to $X per ton, with a decrease of -7.9% against the previous year. In general, the export price showed a abrupt slump. The most prominent rate of growth was recorded in 2018 when the average export price increased by 30%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Belgium amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (-8.3%).

Crude Oil Imports

Imports into the Netherlands

In 2022, imports of crude petroleum oil into the Netherlands was estimated at X tons, remaining constant against 2021 figures. The total import volume increased at an average annual rate of +3.0% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when imports increased by 28%. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in years to come.

In value terms, crude oil imports rose remarkably to $X in 2022. Over the period under review, imports, however, showed a perceptible downturn. The pace of growth was the most pronounced in 2021 when imports increased by 69% against the previous year. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, the United States (X tons) constituted the largest crude oil supplier to the Netherlands, with a 27% share of total imports. Moreover, crude oil imports from the United States exceeded the figures recorded by the second-largest supplier, Russia (X tons), twofold. The third position in this ranking was taken by Nigeria (X tons), with an 11% share.

From 2012 to 2022, the average annual growth rate of volume from the United States amounted to +104.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (-9.8% per year) and Nigeria (+3.4% per year).

In value terms, Russia ($X), the United States ($X) and Norway ($X) were the largest crude oil suppliers to the Netherlands, together comprising 44% of total imports.

Among the main suppliers, the United States, with a CAGR of +89.8%, recorded 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 crude oil import price amounted to $X per ton, picking up by 12% against the previous year. Overall, the import price, however, recorded a abrupt decline. The most prominent rate of growth was recorded in 2018 when the average import price increased by 47%. The import price peaked 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 Norway ($X per ton), while the price for Angola ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Norway (-1.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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