Report Update Nov 1, 2024

Southern Asia - Processed Petroleum Oils and Distillates - Market Analysis, Forecast, Size, Trends and Insights

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Southern Asia: Market for Processed Petroleum Oils and Distillates 2024

Market Size for Processed Petroleum Oils and Distillates in Southern Asia

The South Asian market for processed petroleum oils and distillates shrank to $X in 2022, waning by -9.5% against the previous year. Overall, consumption saw a perceptible decline. The level of consumption peaked at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Production of Processed Petroleum Oils and Distillates in Southern Asia

In value terms, processed petroleum oils and distillates production declined to $X in 2022 estimated in export price. Overall, production continues to indicate a perceptible reduction. The most prominent rate of growth was recorded in 2021 with an increase of 16% against the previous year. The level of production peaked at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

Exports of Processed Petroleum Oils and Distillates

Exports in Southern Asia

In 2022, exports of processed petroleum oils and distillates in Southern Asia rose notably to X tons, with an increase of 11% compared with 2021 figures. Total exports indicated a perceptible expansion from 2012 to 2022: its volume increased at an average annual rate of +4.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +60.5% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 45%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the near future.

In value terms, processed petroleum oils and distillates exports surged to $X in 2022. Overall, exports continue to indicate resilient growth. The most prominent rate of growth was recorded in 2021 with an increase of 109%. The level of export peaked in 2022 and is expected to retain growth in the immediate term.

Exports by Country

The biggest shipments were from India (X tons), together reaching 99% of total export.

India was also the fastest-growing in terms of the processed petroleum oils and distillates exports, with a CAGR of +5.0% from 2012 to 2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, India ($X) also remains the largest processed petroleum oils and distillates supplier in Southern Asia.

In India, processed petroleum oils and distillates exports expanded at an average annual rate of +6.1% over the period from 2012-2022.

Export Prices by Country

The export price in Southern Asia stood at $X per ton in 2022, surging by 57% against the previous year. In general, the export price saw a mild increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for India.

From 2012 to 2022, the rate of growth in terms of prices for India amounted to +1.0% per year.

Imports of Processed Petroleum Oils and Distillates

Imports in Southern Asia

In 2022, imports of processed petroleum oils and distillates in Southern Asia totaled X tons, growing by 5.8% against the year before. Overall, imports enjoyed a prominent expansion. The growth pace was the most rapid in 2021 with an increase of 134%. Over the period under review, imports attained the peak figure in 2022 and are likely to continue growth in years to come.

In value terms, processed petroleum oils and distillates imports expanded markedly to $X in 2022. In general, imports continue to indicate buoyant growth. The most prominent rate of growth was recorded in 2021 when imports increased by 184%. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, India (X tons) represented the largest importer of processed petroleum oils and distillates, committing 43% of total imports. Bangladesh (X tons) held the second position in the ranking, distantly followed by Sri Lanka (X tons), Pakistan (X tons) and Nepal (X tons). All these countries together took near 54% share of total imports.

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

In value terms, the largest processed petroleum oils and distillates importing markets in Southern Asia were India ($X), Pakistan ($X) and Bangladesh ($X), together accounting for 80% of total imports.

Pakistan, with a CAGR of +14.5%, saw the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Southern Asia stood at $X per ton in 2022, picking up by 5.9% against the previous year. Overall, the import price, however, continues to indicate a abrupt decrease. The pace of growth appeared the most rapid in 2017 when the import price increased by 24% against the previous year. Over the period under review, import prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Pakistan ($X per ton), while Bangladesh ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Nepal (+2.4%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for processed petroleum oils and distillates in Southern Asia?

India remains the largest processed petroleum oils and distillates consuming country in Southern Asia, accounting for 86% of total volume. Moreover, processed petroleum oils and distillates consumption in India exceeded the figures recorded by the second-largest consumer, Pakistan, tenfold.

What are the largest producers of processed petroleum oils and distillates in Southern Asia?

India remains the largest processed petroleum oils and distillates producing country in Southern Asia, accounting for 98% of total volume. It was followed by Pakistan, with a 1.7% share of total production.

What are the leading exporters of processed petroleum oils and distillates in Southern Asia?

In value terms, India remains the largest processed petroleum oils and distillates supplier in Southern Asia.

What are the leading importers of processed petroleum oils and distillates in Southern Asia?

In value terms, the largest processed petroleum oils and distillates importing markets in Southern Asia were India, Pakistan and Bangladesh, together comprising 85% of total imports.

What is the average export price for processed petroleum oils and distillates in Southern Asia?

The distillates in Southern Asia stood at $631 per ton in 2021, increasing by 45% against the previous year.

What is the average import price for processed petroleum oils and distillates in Southern Asia?

The distillates in Southern Asia stood at $528 per ton in 2021, increasing by 26% against the previous year.

This report provides an in-depth analysis of the market for processed petroleum oils and distillates in Southern Asia. 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.

Product coverage:

Country coverage:

Afghanistan
Bangladesh
Bhutan
India
Maldives
Nepal
Pakistan
Sri Lanka

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Production in Southern Asia, split by region and country
Trade (exports and imports) in Southern Asia
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
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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:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
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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
- Afghanistan
- Bangladesh
- Bhutan
- India
- Maldives
- Nepal
- Pakistan
- Sri Lanka
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