Report Update Nov 1, 2024

Northern America - Petroleum - Market Analysis, Forecast, Size, Trends and Insights

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Northern America: Petroleum Market 2020

Petroleum Market Size in Northern America

The revenue of the petroleum market in Northern America amounted to $X in 2017, shrinking by -X% against the previous year. The petroleum consumption continues to indicate a deep contraction. The pace of growth was the most pronounced in 2008, when it surged by X% year-to-year. Over the period under review, the petroleum market reached its maximum level of $X in 2013; however, from 2014 to 2017, it failed to regain its momentum.

Petroleum Production in Northern America

In 2017, approx. X tons of petroleum were produced in Northern America; falling by -X% against the previous year. The petroleum production continues to indicate a deep reduction. The most prominent rate of growth was recorded in 2011, with an increase of X% y-o-y. The volume of petroleum production peaked of X tons in 2015; however, from 2016 to 2017, it stood at a somewhat lower level.

Petroleum Exports

Exports in Northern America

In 2017, petroleum exports in Northern America totaled X tons, surging by X% against the previous year. The petroleum exports continue to indicate a remarkable increase. The growth pace was the most rapid in 2017, when exports increased by X% y-o-y. In that year, the petroleum exports reached their peak volume, and are likely to continue its growth in the immediate term.

In value terms, petroleum exports amounted to $X in 2017. The petroleum exports continue to indicate a remarkable increase. Over the period under review, the petroleum exports attained its maximum level of $X in 2013; however, from 2014 to 2017, it failed to regain its momentum.

Export Prices by Country

In 2017, the petroleum export price in Northern America amounted to $X per ton, waning by -X% against the previous year. The petroleum export price continues to indicate an abrupt curtailment. The most prominent rate of growth was recorded in 2008, when the export prices increased by X% against the previous year. Over the period under review, the export prices for petroleum reached its peak figure level of $X per ton in 2012; however, from 2013 to 2017, it failed to regain its momentum.

Average export prices varied noticeably amongst the major exporting countries. In 2017, the country with the highest export price was Canada ($X per ton), while the U.S. ($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 Canada (X% per year).

Petroleum Imports

Imports in Northern America

In 2017, the amount of petroleum imported in Northern America amounted to X tons, growing by X% against the previous year. The petroleum imports continue to indicate a slight shrinkage. The pace of growth appeared the most rapid in 2010, when it surged by X% y-o-y. Over the period under review, the petroleum imports attained its peak figure volume of X tons in 2007; however, from 2008 to 2017, it failed to regain its momentum.

In value terms, petroleum imports totaled $X in 2017. The petroleum imports continue to indicate a significant shrinkage. In that year, the petroleum imports attained their peak level of $X. From 2012 to 2017, growth of the petroleum imports stood at a somewhat lower level.

Imports by Country

The U.S. was the main importer of petroleum in Northern America, with the volume of imports reaching X tons, which was approx. X% of total imports in 2017. It was distantly followed by Canada (X tons), committing X% share of total imports.

Imports into the U.S. decreased at an average annual rate of -X% from 2007 to 2017. At the same time, Canada (+X%) displayed positive paces of growth. Moreover, Canada emerged as the fastest growing importer in Northern America, with a CAGR of +X% from 2007-2017. The U.S. (X%) significantly strengthened its position in terms of the global imports, while Canada saw its share reduced by -X% from 2007 to 2017, respectively.

In value terms, the U.S. ($X) constitutes the largest market for imported petroleum in Northern America, making up X% of global imports. The second position in the ranking was occupied by Canada ($X), with a X% share of global imports.

In the U.S., petroleum imports contracted by an average annual rate of -X% over the period from 2007-2017.

Import Prices by Country

The petroleum import price in Northern America stood at $X per ton in 2017, increasing by X% against the previous year. The petroleum import price continues to indicate a slight drop. The growth pace was the most rapid in 2011, when it surged by X% against the previous year. Over the period under review, the import prices for petroleum reached its peak figure level of $X per ton in 2013; however, from 2014 to 2017, it stood at a somewhat lower level.

Average import prices varied noticeably amongst the major importing countries. In 2017, the country with the highest import price was the U.S. ($X per ton), while Canada ($X per ton) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by Canada (-X% per year).

Source: IndexBox Platform

Product coverage:
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This report provides an in-depth analysis of the petroleum market in Northern America. 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.

Country coverage: Canada, USA.

Data coverage:
• Market volume and value;
• Per Capita consumption;
• Forecast of the market dynamics in the medium term;
• Production in Northern America, split by region and country;
• Trade (exports and imports) in Northern America;
• Export and import prices;
• Market trends, drivers and restraints;
• Key market players and their profiles.

Reasons to buy this report:
• Take advantage of the latest data;
• Find deeper insights into current market developments;
• Discover vital success factors affecting the market.

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

1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion

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. CONSUMPTION BY COUNTRY
3. 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
2. PRODUCTION BY COUNTRY
8. IMPORTS
The Largest Importers on The Market and How They Succeed
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Exporters on The Market and How They Succeed
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
11. COUNTRY PROFILES

The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO
- Bermuda
- Canada
- Greenland
- Saint Pierre and Miquelon
- United States
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, By Country, 2018–2023
5. Production, In Physical Terms, By Country, 2012–2023
6. Imports, In Physical Terms, By Country, 2012–2023
7. Imports, In Value Terms, By Country, 2012–2023
8. Import Prices, By Country Of Destination, 2012–2023
9. Exports, In Physical Terms, By Country, 2012–2023
10. Exports, In Value Terms, By Country, 2012–2023
11. Export Prices, By Country Of Origin, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Consumption, By Country, 2023
4. Market Volume Forecast to 2030
5. Market Value Forecast to 2030
6. Products: Market Size And Growth, By Type
7. Products: Average Per Capita Consumption, By Type
8. Products: Exports And Growth, By Type
9. Products: Export Prices And Growth, By Type
10. Production Volume And Growth
11. Exports And Growth
12. Export Prices And Growth
13. Market Size And Growth
14. Per Capita Consumption
15. Imports And Growth
16. Import Prices
17. Production, In Physical Terms, 2012–2023
18. Production, In Value Terms, 2012–2023
19. Production, By Country, 2023
20. Production, In Physical Terms, By Country, 2012–2023
21. Imports, In Physical Terms, 2012–2023
22. Imports, In Value Terms, 2012–2023
23. Imports, In Physical Terms, By Country, 2023
24. Imports, In Physical Terms, By Country, 2012–2023
25. Imports, In Value Terms, By Country, 2012–2023
26. Import Prices, By Country, 2012–2023
27. Exports, In Physical Terms, 2012–2023
28. Exports, In Value Terms, 2012–2023
29. Exports, In Physical Terms, By Country, 2023
30. Exports, In Physical Terms, By Country, 2012–2023
31. Exports, In Value Terms, By Country, 2012–2023
32. Export Prices, 2012–2023