Brazil - Crude Petroleum Oil - Market Analysis, Forecast, Size, Trends And Insights
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View PricingCrude Oil Price in Brazil - 2023
Contents:
- Crude Oil Price in Brazil (FOB) - 2023
- Crude Oil Price in Brazil (CIF) - 2023
- Crude Oil Exports in Brazil
- Crude Oil Imports in Brazil
Crude Oil Price in Brazil (FOB) - 2023
The average crude oil export price stood at $463 per ton in August 2023, approximately equating the previous month. In general, the export price recorded a pronounced contraction. The most prominent rate of growth was recorded in April 2023 an increase of 0.2% m-o-m. Over the period under review, the average export prices attained the peak figure at $674 per ton in August 2022; however, from September 2022 to August 2023, the export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was South Korea ($530 per ton), while the average price for exports to the Netherlands ($327 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (-1.8%), while the prices for the other major destinations experienced a decline.
Crude Oil Price in Brazil (CIF) - 2023
In August 2023, the average crude oil import price amounted to $801 per ton, rising by 32% against the previous month. In general, the import price, however, saw a relatively flat trend pattern. The import price peaked at $844 per ton in August 2022; however, from September 2022 to August 2023, import prices stood at a somewhat lower figure.
Average prices varied noticeably amongst the major supplying countries. In August 2023, the countries with the highest prices were Angola ($687 per ton) and Ghana ($657 per ton), while the price for Algeria ($608 per ton) and Argentina ($619 per ton) were amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Ghana (+5.3%), while the prices for the other major suppliers experienced mixed trend patterns.
Crude Oil Exports in Brazil
In 2022, crude oil exports from Brazil rose to 69M tons, increasing by 2.5% against 2021. The total export volume increased at an average annual rate of +5.5% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2020 with an increase of 18% against the previous year. As a result, the exports reached the peak of 70M tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
In value terms, crude oil exports skyrocketed to $42.7B in 2022. In general, exports showed significant growth. The pace of growth appeared the most rapid in 2021 with an increase of 56%. The exports peaked in 2022 and are likely to see steady growth in the near future.
| Export of Crude Oil in Brazil (Billion USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 15.5 | 11.3 | 14.3 | 16.8 | 2.7% |
| United States | 3.2 | 1.4 | 3.1 | 5.1 | 16.8% |
| Spain | 0.8 | 1.0 | 1.1 | 3.5 | 63.6% |
| Chile | 1.2 | 0.6 | 2.0 | 3.2 | 38.7% |
| Portugal | 0.3 | 0.9 | 1.6 | 2.5 | 102.7% |
| Netherlands | 0.4 | 0.6 | 1.2 | 2.2 | 76.5% |
| India | 1.0 | 1.2 | 2.2 | 1.8 | 21.6% |
| Others | 1.8 | 2.5 | 5.1 | 7.6 | 61.6% |
| Total | 24.2 | 19.6 | 30.6 | 42.7 | 20.8% |
Top Export Markets for Crude Oil from Brazil in 2022:
- China (27.5M tons)
- United States (8.4M tons)
- Spain (5.8M tons)
- Chile (4.9M tons)
- Portugal (3.9M tons)
- India (3.3M tons)
- Netherlands (3.2M tons)
Crude Oil Imports in Brazil
Crude oil imports into Brazil surged to 14M tons in 2022, rising by 23% on 2021 figures. The total import volume increased at an average annual rate of +2.1% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, crude oil imports soared to $10.1B in 2022. In general, imports showed a resilient expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Crude Oil in Brazil (Billion USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Saudi Arabia | 1.6 | 1.0 | 1.4 | 3.3 | 27.3% |
| United States | 1.0 | 0.9 | 1.1 | 3.1 | 45.8% |
| Nigeria | 0.7 | 0.3 | 0.6 | 1.2 | 19.7% |
| Algeria | 1.2 | 0.3 | 0.7 | 0.6 | -20.6% |
| Guyana | N/A | N/A | N/A | 0.6 | 0% |
| Angola | N/A | N/A | N/A | 0.5 | 0% |
| Congo | N/A | N/A | N/A | 0.5 | 0% |
| Saint Lucia | 1.6 | 1.0 | 1.4 | N/A | -6.5% |
| Others | 0.4 | 0.2 | 0.3 | 0.4 | 0.0% |
| Total | 6.4 | 3.8 | 5.5 | 10.1 | 16.4% |
Top Suppliers of Crude Oil to Brazil in 2022:
- Saudi Arabia (4.5M tons)
- United States (3.9M tons)
- Nigeria (1.6M tons)
- Algeria (0.8M tons)
- Guyana (0.8M tons)
- Angola (0.7M tons)
- Congo (0.7M tons)
This report provides an in-depth analysis of the crude oil market in Brazil. 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:
- Brazil
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Brazil
- 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:
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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This report provides an in-depth analysis of the crude oil market in Brazil.
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This report provides an in-depth analysis of the market for crude oil and processed petroleum in Brazil.
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This report provides an in-depth analysis of the global crude oil market.
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This report provides an in-depth analysis of the global market for crude oil and processed petroleum.
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This report provides an in-depth analysis of the crude oil market in Brazil.
111
This report provides an in-depth analysis of the market for crude oil and processed petroleum in Brazil.
409
This report provides an in-depth analysis of the global crude oil market.
134
This report provides an in-depth analysis of the global market for crude oil and processed petroleum.
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Explore the top import markets for crude oil and examine key statistics related to their import value. China, the United States, and India lead the pack.
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Explore the top import markets for crude oil and examine key statistics related to their import value. China, the United States, and India lead the pack.
