Turkey: Petroleum Market 2020

Petroleum Market Size in Turkey

The revenue of the petroleum market in Turkey amounted to $X in 2017, coming up by X% against the previous year. In general, petroleum consumption continues to indicate a prominent increase. The pace of growth was the most pronounced in 2009, with an increase of X% y-o-y. Over the period under review, the petroleum market reached its maximum level of $X in 2013; however, from 2014 to 2017, it failed to regain its momentum.

Petroleum Production in Turkey

In 2017, petroleum production in Turkey totaled X tons, jumping by X% against the previous year. The total output volume increased an average annual rate of +X% over the period from 2007 to 2017; however, the trend pattern indicated some noticeable fluctuations over the period under review. The most prominent rate of growth was recorded in 2017, when the output figure increased by X% year-to-year. In that year, the petroleum production attained their peak volume, and is likely to continue its growth in the immediate term.

Petroleum Exports from Turkey

In 2017, exports of petroleum from Turkey stood at X tons, going up by X% against the previous year. Overall, petroleum exports continue to indicate a mild reduction. The pace of growth appeared the most rapid in 2012, with an increase of X% year-to-year. Turkey exports peaked of X tons in 2008; however, from 2009 to 2017, it stood at a somewhat lower level.

In value terms, petroleum exports amounted to $X in 2017. Overall, petroleum exports continue to indicate a moderate descent. In that year, the petroleum exports attained their peak level of $X. From 2009 to 2017, growth of the petroleum exports failed to regain its momentum.

Petroleum Exports by Country from Turkey

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 largest exporters of petroleum, together constituting X% of total exports. The following exporters - China (X tons), Belgium (X tons), Saudi Arabia (X tons), the United Arab Emirates (X tons), Canada (X tons) and Malaysia (X tons) together made up X% 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 U.S. ($X), Russia ($X) and Singapore ($X) appeared to be the countries with the highest levels of exports in 2017, 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 Turkey

The petroleum export price in Turkey stood at $X per ton in 2017, going up by X% against the previous year. In general, petroleum export price continues to indicate a slight slump. The growth pace was the most rapid in 2008, an increase of X% y-o-y. Over the period under review, the export prices for petroleum reached its peak figure level of $X per ton in 2012; however, from 2013 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 Turkey

In 2017, the amount of petroleum imported into Turkey amounted to X tons, coming up by X% against the previous year. The total import volume increased an average annual rate of +X% over the period from 2007 to 2017; however, the trend pattern indicated some noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2017, when it surged by X% year-to-year. Over the period under review, the petroleum imports attained its peak figure volume of X tons in 2014; however, from 2015 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 conspicuous growth. Turkey imports peaked of $X in 2012; however, from 2013 to 2017, it stood at a somewhat lower level.

Petroleum Imports by Country into Turkey

The U.S. (X tons) and Singapore (X tons) were the key importers of petroleum in 2017, reaching near X% and X% of total imports, respectively. It was followed by the Netherlands (X tons), making up 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 largest petroleum markets worldwide were the U.S. ($X), Singapore ($X) and the Netherlands ($X), with a combined X% share of total imports. Mexico, Germany, Belgium, France, the UK, Malaysia, Indonesia, China, Canada and Turkey lagged somewhat behind, together comprising a further X%.

Among the main importing countries , Malaysia (+X% per year) experienced the highest growth rate of imports, over the last decade, while the other leaders experienced more modest paces of growth.

Petroleum Import Prices by Country in Turkey

The petroleum import price in Turkey stood at $X per ton in 2017, coming up by X% against the previous year. In general, petroleum import price continues to indicate a mild reduction. The pace of growth appeared the most rapid in 2008, when it surged by X% against the previous year. Turkey import price peaked of $X per ton in 2012; however, from 2013 to 2017, it stood at a somewhat lower level.

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