Japan - Crude Petroleum Oil - Market Analysis, Forecast, Size, Trends And Insights
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View PricingCrude Oil Price in Japan - 2023
Contents:
- Crude Oil Price in Japan (CIF) - 2023
- Crude Oil Price in Japan (FOB) - 2022
- Crude Oil Imports in Japan
- Crude Oil Exports in Japan
Crude Oil Price in Japan (CIF) - 2023
The average crude oil import price stood at $607 per ton in July 2023, almost unchanged from the previous month. Overall, the import price, however, showed a pronounced slump. The pace of growth appeared the most rapid in May 2023 an increase of 3.1% against the previous month. Over the period under review, average import prices hit record highs at $860 per ton in July 2022; however, from August 2022 to July 2023, import prices remained at a lower figure.
Average prices varied somewhat amongst the major supplying countries. In July 2023, the countries with the highest prices were the United States ($690 per ton) and the United Arab Emirates ($629 per ton), while the price for Ecuador ($500 per ton) and Kuwait ($578 per ton) were amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by the United States (-2.2%), while the prices for the other major suppliers experienced a decline.
Crude Oil Price in Japan (FOB) - 2022
The average crude oil export price stood at $376 per ton in 2022, reducing by -26.2% against the previous year. In general, the export price saw a pronounced contraction. The most prominent rate of growth was recorded in 2014 when the average export price increased by 419%. As a result, the export price reached the peak level of $4,277 per ton. From 2015 to 2022, the average export prices remained at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for China.
From 2012 to 2022, the rate of growth in terms of prices for South Korea amounted to +1.7% per year.
Crude Oil Imports in Japan
In 2022, overseas purchases of crude petroleum oil increased by 10% to 134M tons for the first time since 2019, thus ending a two-year declining trend. In general, imports, however, showed a pronounced shrinkage.
In value terms, crude oil imports soared to $100.9B in 2022. Over the period under review, imports posted a strong increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
Import of Crude Oil in Japan (Billion USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Saudi Arabia | 38.2 | 25.4 | 39.0 | 39.8 | 1.4% |
United Arab Emirates | N/A | N/A | N/A | 38.2 | 0% |
Kuwait | 9.0 | 5.7 | 8.3 | 8.3 | -2.7% |
Qatar | 9.3 | 5.5 | 7.2 | 7.1 | -8.6% |
Ecuador | 1.3 | 0.9 | 1.5 | 1.8 | 11.5% |
Russia | 5.9 | 2.7 | 3.6 | 1.3 | -39.6% |
United States | 2.4 | 1.1 | 0.5 | 1.1 | -22.9% |
Others | 7.1 | 2.1 | 2.9 | 3.2 | -23.3% |
Total | 73.1 | 43.5 | 63.1 | 101 | 11.4% |
Top Suppliers of Crude Oil to Japan in 2022:
- Saudi Arabia (52.5M tons)
- United Arab Emirates (49.2M tons)
- Kuwait (11.2M tons)
- Qatar (9.3M tons)
- United States (3.2M tons)
- Ecuador (2.8M tons)
- Russia (1.9M tons)
Crude Oil Exports in Japan
In 2022, overseas shipments of crude petroleum oil decreased by -81.8% to 13K tons for the first time since 2018, thus ending a three-year rising trend. Overall, exports, however, enjoyed mild growth. The pace of growth was the most pronounced in 2021 with an increase of 282% against the previous year. As a result, the exports attained the peak of 72K tons, and then fell remarkably in the following year.
In value terms, crude oil exports contracted rapidly to $4.9M in 2022. In general, exports faced a sharp shrinkage. The pace of growth appeared the most rapid in 2021 with an increase of 57%. As a result, the exports attained the peak of $37M, and then contracted remarkably in the following year.
Export of Crude Oil in Japan (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | N/A | N/A | N/A | 4.9 | 0% |
Brunei Darussalam | N/A | N/A | 26.3 | N/A | 0% |
India | N/A | N/A | 10.3 | N/A | 0% |
Philippines | 4.6 | 1.5 | N/A | N/A | -67.4% |
Singapore | 8.3 | 20.3 | N/A | N/A | 144.6% |
Brazil | 0.8 | 1.2 | N/A | N/A | 50.0% |
Others | 1.2 | 0.2 | N/A | N/A | -83.3% |
Total | 14.9 | 23.3 | 36.6 | 4.9 | -31.0% |
Top Export Markets for Crude Oil from Japan in 2022:
- China (13.1K tons)
This report provides an in-depth analysis of the crude oil market in Japan. 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:
- Japan
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Japan
- 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
This report provides an in-depth analysis of the crude oil market in Japan.
This report provides an in-depth analysis of the market for crude oil and processed petroleum in Japan.
This report provides an in-depth analysis of the global crude oil market.
This report provides an in-depth analysis of the global market for crude oil and processed petroleum.
This report provides an in-depth analysis of the crude oil market in Japan.
This report provides an in-depth analysis of the market for crude oil and processed petroleum in Japan.
This report provides an in-depth analysis of the global crude oil market.
This report provides an in-depth analysis of the global market for crude oil and processed petroleum.
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.
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.