Saudi Arabia: Petroleum Market 2020

Petroleum Market Size in Saudi Arabia

The revenue of the petroleum market in Saudi Arabia amounted to $X in 2017, waning by -X% against the previous year. Overall, petroleum consumption continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2011, with an increase of X% y-o-y. Over the period under review, the petroleum market attained its peak figure level of $X in 2012; however, from 2013 to 2017, it stood at a somewhat lower level.

Petroleum Production in Saudi Arabia

In 2017, the amount of petroleum produced in Saudi Arabia totaled X tons, growing by X% against the previous year. The total output volume increased an average annual rate of +X% from 2007 to 2017; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2011, with an increase of X% year-to-year. Saudi Arabia petroleum production peaked in 2017, and is expected to retain its growth in the immediate term.

Petroleum Exports from Saudi Arabia

In 2017, the amount of petroleum exported from Saudi Arabia stood at X tons, reducing by -X% against the previous year. In general, petroleum exports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016, when it surged by X% y-o-y. In that year, the petroleum exports attained their peak volume of X tons, and then declined slightly in the following year.

In value terms, petroleum exports stood at $X in 2017. In general, petroleum exports continue to indicate a relatively flat trend pattern. Over the period under review, the petroleum exports attained its peak figure level of $X in 2014; however, from 2015 to 2017, it stood at a somewhat lower level.

Petroleum Exports by Country from Saudi Arabia

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) represented the largest exporters of petroleum, together making up 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 accounting for X% of total exports.

The U.S. (+X% per year) recorded the highest growth rate of 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 Saudi Arabia

In 2017, the petroleum export price in Saudi Arabia amounted to $X per ton, going down by -X% against the previous year. In general, petroleum export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2011, when it surged by X% against the previous year. Over the period under review, the export prices for petroleum attained its peak figure level of $X per ton in 2013; however, from 2014 to 2017, it failed to regain its momentum.

Export prices varied noticeably by the country of destination; 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 Saudi Arabia

In 2017, approx. X tons of petroleum were imported into Saudi Arabia; jumping by X% against the previous year. Overall, petroleum imports continue to indicate a prominent growth. The pace of growth appeared the most rapid in 2017, when imports increased by X% year-to-year. In that year, the petroleum imports reached their peak volume, and are likely to continue its growth in the immediate term.

In value terms, petroleum imports amounted to $X in 2017. Overall, petroleum imports continue to indicate a remarkable expansion. In that year, the petroleum imports attained their peak level, and are likely to continue its growth in the immediate term.

Petroleum Imports by Country into Saudi Arabia

In 2017, the U.S. (X tons) and Singapore (X tons) were the main importers of petroleum in the globe, together reaching approx. X% of total imports. It was followed by the Netherlands (X tons), generating 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) held the weak 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), together comprising X% of total imports. Mexico, Germany, Belgium, France, the UK, Malaysia, Indonesia, China, Canada and Saudi Arabia lagged somewhat behind, together comprising a further X%.

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

Petroleum Import Prices by Country in Saudi Arabia

The petroleum import price in Saudi Arabia stood at $X per ton in 2017, going up by X% against the previous year. Overall, petroleum import price continues to indicate a temperate shrinkage. The pace of growth appeared the most rapid in 2017, an increase of X% year-to-year. Saudi Arabia import price peaked of $X per ton in 2011; however, from 2012 to 2017, it stood at a somewhat lower level.

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