Pakistan: Petroleum Market 2020

Petroleum Market Size in Pakistan

The revenue of the petroleum market in Pakistan amounted to $X in 2017, going down by -X% against the previous year. In general, petroleum consumption continues to indicate a sharp reduction. The growth pace was the most rapid in 2008, with an increase of X% year-to-year. Pakistan petroleum consumption peaked of $X in 2012; however, from 2013 to 2017, it stood at a somewhat lower level.

Petroleum Production in Pakistan

In 2017, approx. X kg of petroleum were produced in Pakistan; waning by -X% against the previous year. In general, petroleum production continues to indicate a temperate expansion. The pace of growth appeared the most rapid in 2013, with an increase of X% y-o-y. Over the period under review, the petroleum production reached its maximum volume of X tons in 2015; however, from 2016 to 2017, it failed to regain its momentum.

Petroleum Exports from Pakistan

In 2017, exports of petroleum from Pakistan stood at X tons, falling by -X% against the previous year. In general, petroleum exports continue to indicate a deep deduction. The growth pace was the most rapid in 2010, when exports increased by X% year-to-year. In that year, the petroleum exports reached their peak volume of X tons. From 2011 to 2017, growth of the petroleum exports stood at a somewhat lower level.

In value terms, petroleum exports stood at $X in 2017. Overall, petroleum exports continue to indicate a deep curtailment. Pakistan exports peaked of $X in 2011; however, from 2012 to 2017, it failed to regain its momentum.

Petroleum Exports by Country from Pakistan

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 main exporters of petroleum, together generating 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 the U.S. (+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. ($X), Russia ($X) and Singapore ($X), together comprising X% of total exports.

The U.S. (+X% per year) experienced the highest rates of growth with regard to exports, in terms of the main exporting countries over the last decade, while the other leaders experienced more modest paces of growth.

Petroleum Export Prices by Country in Pakistan

The petroleum export price in Pakistan stood at $X per ton in 2017, reducing by -X% against the previous year. In general, the export price indicated a modest growth from 2007 to 2017: its price 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 export price decreased by -X% against 2014 indices. The pace of growth appeared the most rapid in 2011, when the export prices increased by X% against the previous year. In that year, the export prices for petroleum attained their peak level of $X per ton. From 2012 to 2017, growth of the export prices for petroleum stood at a somewhat lower level.

There were significant differences in the average export prices amongst the major exporting countries. In 2017, 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 Pakistan

In 2017, the amount of petroleum imported into Pakistan totaled X tons, picking up by X% against the previous year. The total import volume increased an average annual rate of +X% over the period from 2007 to 2017; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2008, with an increase of X% y-o-y. Pakistan imports peaked in 2017, and are likely to see steady growth in the near future.

In value terms, petroleum imports stood at $X in 2017. In general, the total imports indicated a strong expansion from 2007 to 2017: its value increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Pakistan imports peaked of $X in 2012; however, from 2013 to 2017, it stood at a somewhat lower level.

Petroleum Imports by Country into Pakistan

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), committing X% share of total imports. 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) occupied the mild share 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 Pakistan, which together accounted for a further X%.

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

Petroleum Import Prices by Country in Pakistan

In 2017, the petroleum import price in Pakistan amounted to $X per ton, rising by X% against the previous year. Overall, the import price indicated a mild growth from 2007 to 2017: its price 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 import price decreased by -X% against 2012 indices. 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 2012; however, from 2013 to 2017, it failed to regain its momentum.

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