Vietnam: Petroleum Market 2020

Petroleum Market Size in Vietnam

The revenue of the petroleum market in Vietnam amounted to $X in 2017, coming down by -X% against the previous year. Overall, petroleum consumption continues to indicate a drastic slump. The most prominent rate of growth was recorded in 2008, when market value increased by X% against the previous year. In that year, the petroleum market attained their peak level of $X. From 2009 to 2017, growth of the petroleum market stood at a somewhat lower level.

Petroleum Production in Vietnam

In 2017, approx. X kg of petroleum were produced in Vietnam; reducing by -X% against the previous year. In general, petroleum production continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2009, with an increase of X% against the previous year. Vietnam petroleum production peaked of X tons in 2015; however, from 2016 to 2017, it stood at a somewhat lower level.

Petroleum Exports from Vietnam

In 2017, exports of petroleum from Vietnam totaled X tons, coming up by X% against the previous year. Overall, the total exports indicated a measured expansion 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. Based on 2017 figures, the petroleum exports increased by +X% against 2015 indices. The pace of growth appeared the most rapid in 2011, when it surged by X% year-to-year. In that year, the petroleum exports attained their peak volume of X tons. From 2012 to 2017, growth of the petroleum exports stood at a somewhat lower level.

In value terms, petroleum exports totaled $X in 2017. In general, petroleum exports continue to indicate a mild increase. In that year, the petroleum exports attained their peak level of $X. From 2012 to 2017, growth of the petroleum exports failed to regain its momentum.

Petroleum Exports by Country from Vietnam

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 main exporters of petroleum, together comprising 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) followed a long way behind the leaders.

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 Vietnam

In 2017, the petroleum export price in Vietnam amounted to $X per ton, approximately reflecting the previous year. Overall, petroleum export price continues to indicate a slight reduction. The growth pace was the most rapid in 2008, an increase of X% y-o-y. Vietnam export price peaked of $X per ton in 2011; however, from 2012 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 Vietnam

In 2017, the amount of petroleum imported into Vietnam totaled X tons, rising by X% against the previous year. Overall, the total imports indicated a strong expansion 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 most prominent rate of growth was recorded in 2008, when imports increased by X% y-o-y. Over the period under review, the petroleum imports attained its maximum volume in 2017, and are likely to continue its growth in the near future.

In value terms, petroleum imports amounted to $X in 2017. In general, petroleum imports continue to indicate a mild shrinkage. Over the period under review, the petroleum imports reached its maximum level of $X in 2008; however, from 2009 to 2017, it failed to regain its momentum.

Petroleum Imports by Country into Vietnam

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), generating X% share of total imports. 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) took the mild share 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 Vietnam lagged somewhat behind, together comprising a further X%.

Malaysia (+X% per year) recorded the highest rates of growth with regard to 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 Vietnam

The petroleum import price in Vietnam stood at $X per ton in 2017, surging by X% against the previous year. Overall, petroleum import price continues to indicate a drastic reduction. The pace of growth appeared the most rapid in 2017, when it surged by X% year-to-year. Over the period under review, the import prices for petroleum reached its maximum level of $X per ton in 2007; however, from 2008 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