Slovenia: Market for Processed Petroleum Oils and Distillates 2024

Market Size for Processed Petroleum Oils and Distillates in Slovenia

The Slovene market for processed petroleum oils and distillates surged to $X in 2022, with an increase of 170% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption continues to indicate prominent growth. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Exports of Processed Petroleum Oils and Distillates

Exports from Slovenia

In 2022, shipments abroad of processed petroleum oils and distillates was finally on the rise to reach X tons after two years of decline. In general, exports continue to indicate a prominent increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, processed petroleum oils and distillates exports soared to $X in 2022. Overall, exports showed a remarkable increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Croatia (X tons), Austria (X tons) and Italy (X tons) were the main destinations of processed petroleum oils and distillates exports from Slovenia, together accounting for 88% of total exports. Hungary, Bosnia and Herzegovina and the Czech Republic lagged somewhat behind, together accounting for a further 10%.

From 2012 to 2022, the biggest increases were recorded for Hungary (with a CAGR of +22.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for processed petroleum oils and distillates exported from Slovenia were Croatia ($X), Austria ($X) and Italy ($X), together accounting for 85% of total exports. Hungary, Bosnia and Herzegovina and the Czech Republic lagged somewhat behind, together comprising a further 10%.

In terms of the main countries of destination, Hungary, with a CAGR of +23.3%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for processed petroleum oils and distillates stood at $X per ton in 2022, with an increase of 59% against the previous year. Overall, the export price showed a relatively flat trend pattern. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Czech Republic ($X per ton), while the average price for exports to Croatia ($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 the Czech Republic (+16.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Processed Petroleum Oils and Distillates

Imports into Slovenia

In 2022, approx. X tons of processed petroleum oils and distillates were imported into Slovenia; jumping by 138% against the year before. Overall, imports showed a buoyant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, processed petroleum oils and distillates imports soared to $X in 2022. Over the period under review, imports enjoyed a remarkable increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Italy (X tons) constituted the largest supplier of processed petroleum oils and distillates to Slovenia, with a 59% share of total imports. Moreover, processed petroleum oils and distillates imports from Italy exceeded the figures recorded by the second-largest supplier, Greece (X tons), fourfold. The third position in this ranking was held by Egypt (X tons), with an 8.7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Italy stood at +14.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Greece (+32.2% per year) and Egypt (+50.6% per year).

In value terms, Italy ($X) constituted the largest supplier of processed petroleum oils and distillates to Slovenia, comprising 57% of total imports. The second position in the ranking was held by Greece ($X), with a 13% share of total imports. It was followed by Egypt, with a 9.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Italy amounted to +4.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Greece (+21.4% per year) and Egypt (+37.6% per year).

Import Prices by Country

In 2022, the average import price for processed petroleum oils and distillates amounted to $X per ton, remaining constant against the previous year. Overall, the import price, however, continues to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2018 when the average import price increased by 77%. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Egypt ($X per ton) and Greece ($X per ton), while the price for Turkey ($X per ton) and Hungary ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Greece (-8.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform