Report Update Nov 1, 2024

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

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Sudan: Market for Processed Petroleum Oils and Distillates 2024

Market Size for Processed Petroleum Oils and Distillates in Sudan

The Sudanese market for processed petroleum oils and distillates shrank sharply to $X in 2022, declining by -15.7% against the previous year. In general, consumption showed a noticeable slump. Processed petroleum oils and distillates consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Production of Processed Petroleum Oils and Distillates in Sudan

In value terms, processed petroleum oils and distillates production fell to $X in 2022 estimated in export price. In general, production saw a deep contraction. The most prominent rate of growth was recorded in 2021 when the production volume increased by 12% against the previous year. Processed petroleum oils and distillates production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Exports of Processed Petroleum Oils and Distillates

Exports from Sudan

In 2022, shipments abroad of processed petroleum oils and distillates increased by 109% to X tons, rising for the second year in a row after three years of decline. Overall, exports posted prominent growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, processed petroleum oils and distillates exports skyrocketed to $X in 2022. In general, exports continue to indicate buoyant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Singapore (X tons) was the main destination for processed petroleum oils and distillates exports from Sudan, with a approx. 99.9% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Singapore stood at +309.3%.

In value terms, Singapore ($X) also remains the key foreign market for processed petroleum oils and distillates exports from Sudan.

From 2012 to 2022, the average annual growth rate of value to Singapore stood at +298.4%.

Export Prices by Country

In 2022, the average export price for processed petroleum oils and distillates amounted to $X per ton, picking up by 74% against the previous year. Over the period under review, the export price saw a notable expansion. As a result, the export price reached 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 Singapore.

From 2012 to 2022, the rate of growth in terms of prices for China amounted to +89.9% per year.

Imports of Processed Petroleum Oils and Distillates

Imports into Sudan

In 2022, supplies from abroad of processed petroleum oils and distillates decreased by -45.5% to X tons for the first time since 2016, thus ending a five-year rising trend. Over the period under review, imports, however, showed buoyant growth. The pace of growth was the most pronounced in 2021 with an increase of 1,014% against the previous year. As a result, imports reached the peak of X tons, and then declined sharply in the following year.

In value terms, processed petroleum oils and distillates imports declined sharply to $X in 2022. Overall, imports, however, saw a resilient expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 577% against the previous year. As a result, imports reached the peak of $X, and then reduced markedly in the following year.

Imports by Country

In 2022, India (X tons) was the main processed petroleum oils and distillates supplier to Sudan, accounting for a 93% share of total imports. Moreover, processed petroleum oils and distillates imports from India exceeded the figures recorded by the second-largest supplier, Egypt (X tons), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume from India stood at +109.6%.

In value terms, India ($X) constituted the largest supplier of processed petroleum oils and distillates to Sudan, comprising 92% of total imports. The second position in the ranking was held by Egypt ($X), with a 2.2% share of total imports.

From 2012 to 2022, the average annual growth rate of value from India stood at +91.5%.

Import Prices by Country

In 2022, the average import price for processed petroleum oils and distillates amounted to $X per ton, with an increase of 5.3% against the previous year. Overall, the import price, however, showed a abrupt setback. The most prominent rate of growth was recorded in 2017 when the average import price increased by 137% against the previous year. As a result, import price reached the peak level of $X per ton. From 2018 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was India ($X per ton), while the price for Egypt stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Iran (+98.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

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

The countries with the highest volumes of in 2021 were the United States, Saudi Arabia and Russia, together comprising 32% of global consumption. These countries were followed by Iraq, Canada, Iran, India, China, the United Arab Emirates, Brazil, Kuwait, Mexico and Venezuela, which together accounted for a further 35%.

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

The countries with the highest volumes of in 2021 were the United States, Saudi Arabia and Russia, with a combined 35% share of global production. These countries were followed by Iraq, India, Iran, Canada, China, the United Arab Emirates, Kuwait, Brazil, Venezuela and Mexico, which together accounted for a further 36%.

What are the leading suppliers of processed petroleum oils and distillates to Sudan?

In value terms, the UK constituted the largest supplier of processed petroleum oils and distillates to Sudan, comprising 57% of total imports. The second position in the ranking was occupied by Turkey, with a 24% share of total imports. It was followed by Egypt, with a 16% share.

What are the leading importers of processed petroleum oils and distillates from Sudan?

In value terms, Turkey emerged as the key foreign market for processed petroleum oils and distillates exports from Sudan, comprising 73% of total exports. The second position in the ranking was occupied by Uzbekistan, with a 23% share of total exports.

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

In 2021, the average export price for processed petroleum oils and distillates amounted to $420 per ton, jumping by 38% against the previous year.

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

In 2021, the average import price for processed petroleum oils and distillates amounted to $1,025 per ton, with an increase of 4.8% against the previous year.

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

Sudan

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Sudan
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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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:

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
How to reduce your production and supply chain costs
How to outsource production to other countries
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. 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. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. 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
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
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
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 In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023