South Africa: Petroleum Market 2020

Petroleum Market Size in South Africa

The revenue of the petroleum market in South Africa amounted to $X in 2017, lowering by -X% against the previous year. Overall, petroleum consumption continues to indicate a slight decline. The pace of growth was the most pronounced in 2013, with an increase of X% against the previous year. Over the period under review, the petroleum market attained its maximum level of $X in 2014; however, from 2015 to 2017, it stood at a somewhat lower level.

Petroleum Production in South Africa

In 2017, the amount of petroleum produced in South Africa amounted to X kg, shrinking by -X% against the previous year. Overall, petroleum production continues to indicate a skyrocketing growth. The most prominent rate of growth was recorded in 2016, when the output figure increased by X% against the previous year. In that year, the petroleum production reached their peak volume of X tons, and then declined slightly in the following year.

Petroleum Exports from South Africa

In 2017, the amount of petroleum exported from South Africa stood at X tons, coming down by -X% against the previous year. Overall, the total exports indicated a temperate growth from 2007 to 2017: its volume increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2010, when it surged by X% against the previous year. In that year, the petroleum exports attained their peak volume of X tons. From 2011 to 2017, growth of the petroleum exports failed to regain its momentum.

In value terms, petroleum exports totaled $X in 2017. In general, petroleum exports continue to indicate a strong expansion. South Africa exports peaked of $X in 2012; however, from 2013 to 2017, it stood at a somewhat lower level.

Petroleum Exports by Country from South Africa

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 key exporters of petroleum, together mixed 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) held the mild share of total exports.

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), with a combined X% share of total exports.

In terms of the main exporting countries , the U.S. (+X% per year) experienced the highest growth rate of exports, over the last decade, while the other leaders experienced more modest paces of growth.

Petroleum Export Prices by Country in South Africa

In 2017, the petroleum export price in South Africa amounted to $X per ton, going up by X% against the previous year. Overall, petroleum export price continues to indicate a strong expansion. The pace of growth was the most pronounced in 2011, when the export prices increased by X% y-o-y. Over the period under review, the export prices for petroleum reached its maximum level of $X per ton in 2014; however, from 2015 to 2017, it stood at a somewhat lower level.

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 South Africa

In 2017, imports of petroleum into South Africa totaled X tons, surging by X% against the previous year. In general, petroleum imports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2017, when imports increased by X% y-o-y. South Africa imports peaked of X tons in 2013; however, from 2014 to 2017, it failed to regain its momentum.

In value terms, petroleum imports amounted to $X in 2017. Overall, petroleum imports continue to indicate a tangible growth. South Africa imports peaked of $X in 2013; however, from 2014 to 2017, it failed to regain its momentum.

Petroleum Imports by Country into South Africa

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), creating X% share of total imports. The following importers - 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) together made up X% 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 U.S. ($X), Singapore ($X) and the Netherlands ($X) appeared to be the countries with the highest levels of imports in 2017, together comprising X% of total imports. Mexico, Germany, Belgium, France, the UK, Malaysia, Indonesia, China, Canada and South Africa lagged somewhat behind, together comprising a further X%.

Malaysia (+X% per year) recorded the highest growth rate of 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 South Africa

In 2017, the petroleum import price in South Africa amounted to $X per ton, going up by X% against the previous year. Overall, the import price indicated a conspicuous 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 2014 indices. The most prominent rate of growth was recorded in 2011, an increase of X% against the previous year. Over the period under review, the import prices for petroleum attained its peak figure level of $X per ton in 2014; however, from 2015 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