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Report Southern Asia - Tankers - Market Analysis, Forecast, Size, Trends and Insights for 499$
Report Update Nov 1, 2024

Southern Asia - Tankers - Market Analysis, Forecast, Size, Trends and Insights

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Southern Asia: Tanker Market 2024

Tanker Market Size in Southern Asia

For the third consecutive year, the South Asian tanker market recorded growth in sales value, which increased by 159% to $X in 2021. Over the period under review, consumption continues to indicate significant growth. As a result, consumption attained the peak level of $X. From 2018 to 2021, the growth of the market remained at a lower figure.

Tanker Production in Southern Asia

In value terms, tanker production contracted markedly to $X in 2021 estimated in export price. In general, production, however, enjoyed a significant expansion. The most prominent rate of growth was recorded in 2019 when the production volume increased by 253% against the previous year. Over the period under review, production attained the peak level at $X in 2020, and then shrank dramatically in the following year.

Tanker Exports

Exports in Southern Asia

In 2021, shipments abroad of tankers decreased by -67.9% to X units for the first time since 2015, thus ending a five-year rising trend. Overall, exports, however, continue to indicate a significant increase. The pace of growth appeared the most rapid in 2019 when exports increased by 267% against the previous year. Over the period under review, the exports attained the peak figure at X units in 2020, and then dropped remarkably in the following year.

In value terms, tanker exports reduced sharply to $X in 2021. Over the period under review, exports, however, posted a significant increase. The most prominent rate of growth was recorded in 2019 with an increase of 165%. Over the period under review, the exports hit record highs at $X in 2020, and then contracted rapidly in the following year.

Exports by Country

In 2021, India (X units) was the largest exporter of tankers in Southern Asia, constituting 100% of total export.

India was also the fastest-growing in terms of the tankers exports, with a CAGR of +27.7% from 2012 to 2021. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, India ($X) also remains the largest tanker supplier in Southern Asia.

In India, tanker exports increased at an average annual rate of +24.4% over the period from 2012-2021.

Export Prices by Country

The export price in Southern Asia stood at $X per unit in 2021, surging by 26% against the previous year. Over the period under review, the export price, however, recorded a abrupt curtailment. The pace of growth was the most pronounced in 2018 when the export price increased by 54%. Over the period under review, the export prices reached the maximum at $X per unit in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

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

From 2012 to 2021, the rate of growth in terms of prices for India amounted to -2.5% per year.

Tanker Imports

Imports in Southern Asia

In 2021, tanker imports in Southern Asia skyrocketed to X units, increasing by 22% compared with the previous year's figure. In general, imports posted buoyant growth. The pace of growth was the most pronounced in 2017 with an increase of 36,022% against the previous year. As a result, imports reached the peak of X units. From 2018 to 2021, the growth of imports failed to regain momentum.

In value terms, tanker imports surged to $X in 2021. Overall, imports saw a remarkable increase. The pace of growth appeared the most rapid in 2016 when imports increased by 132%. As a result, imports attained the peak of $X. From 2017 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, India (X units) was the key importer of tankers, creating 68% of total imports. Bangladesh (X units) held a 21% share (based on physical terms) of total imports, which put it in second place, followed by Sri Lanka (11%).

India was also the fastest-growing in terms of the tankers imports, with a CAGR of +22.8% from 2012 to 2021. Sri Lanka (-5.5%) and Bangladesh (-5.5%) illustrated a downward trend over the same period. From 2012 to 2021, the share of India increased by +51 percentage points.

In value terms, India ($X) constitutes the largest market for imported tankers in Southern Asia, comprising 88% of total imports. The second position in the ranking was taken by Bangladesh ($X), with a 4.6% share of total imports.

In India, tanker imports increased at an average annual rate of +21.0% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Bangladesh (+4.3% per year) and Sri Lanka (+15.1% per year).

Import Prices by Country

In 2021, the import price in Southern Asia amounted to $X per unit, with an increase of 36% against the previous year. Overall, the import price continues to indicate prominent growth. The pace of growth appeared the most rapid in 2018 an increase of 27,062%. Over the period under review, import prices reached the maximum at $X per unit in 2016; however, from 2017 to 2021, 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 India ($X per unit), while Bangladesh ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sri Lanka (+24.4%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

The countries with the highest volumes of in 2021 were Pakistan, India and Bangladesh, with a combined 96% share of total consumption.
Pakistan constituted the country with the largest volume of tanker production, comprising approx. 73% of total volume. Moreover, tanker production in Pakistan exceeded the figures recorded by the second-largest producer, Sri Lanka, fourfold.
In value terms, India remains the largest tanker supplier in Southern Asia, comprising 36% of total exports. The second position in the ranking was occupied by Sri Lanka, with a 10% share of total exports.
In value terms, India constitutes the largest market for imported tankers in Southern Asia, comprising 75% of total imports. The second position in the ranking was occupied by Sri Lanka, with a 19% share of total imports.
In 2021, the export price in Southern Asia amounted to $834,750 per unit, picking up by 16% against the previous year.
The import price in Southern Asia stood at $457,347 per unit in 2021, rising by 159% against the previous year.

This report provides an in-depth analysis of the tanker market 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:

  • Prodcom 30112210 - Crude oil tankers
  • Prodcom 30112230 - Oil product tankers
  • Prodcom 30112250 - Chemical tankers
  • Prodcom 30112270 - Gas carriers

Country coverage:

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
  • Find deeper insights into current market developments
  • Discover vital success factors affecting the market

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:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. How to prepare your business for global expansion

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. 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. 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. 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. 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. 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. 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. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
    2. PRODUCTION BY COUNTRY

  8. 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. 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. 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. 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

  12. 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

  13. 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

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