New Zealand - Crude Petroleum Oil - Market Analysis, Forecast, Size, Trends And Insights
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View PricingCrude Oil Price in New Zealand - 2023
Contents:
- Crude Oil Price in New Zealand (CIF) - 2022
- Crude Oil Price in New Zealand (FOB) - 2022
- Crude Oil Imports in New Zealand
- Crude Oil Exports in New Zealand
Crude Oil Price in New Zealand (CIF) - 2022
In 2022, the average crude oil import price amounted to $643 per ton, rising by 15% against the previous year. In general, the import price, however, showed a noticeable contraction. The most prominent rate of growth was recorded in 2018 when the average import price increased by 43% against the previous year. The import price peaked at $875 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United Arab Emirates ($646 per ton), while the price for Indonesia amounted to $624 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (-3.3%), while the prices for the other major suppliers experienced a decline.
Crude Oil Price in New Zealand (FOB) - 2022
The average crude oil export price stood at $744 per ton in 2022, rising by 44% against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average export price increased by 64% against the previous year. Over the period under review, the average export prices hit record highs at $843 per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Indonesia ($944 per ton), while the average price for exports to the United States ($528 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+23.9%), while the prices for the other major destinations experienced more modest paces of growth.
Crude Oil Imports in New Zealand
For the third consecutive year, New Zealand recorded decline in overseas purchases of crude petroleum oil, which decreased by -73.7% to 916K tons in 2022. Over the period under review, imports saw a dramatic shrinkage. The smallest decline of -5.8% was in 2021.
In value terms, crude oil imports plummeted to $589M in 2022. In general, imports saw a precipitous setback. The most prominent rate of growth was recorded in 2021 when imports increased by 27% against the previous year.
| Import of Crude Oil in New Zealand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | N/A | N/A | N/A | 530 | 0% |
| Indonesia | N/A | N/A | N/A | 59.8 | 0% |
| Australia | 216 | N/A | 116 | 0.1 | -92.3% |
| Russia | 977 | 581 | 271 | N/A | -47.3% |
| Kuwait | N/A | N/A | 314 | N/A | 0% |
| Malaysia | 1,113 | 566 | 1,049 | N/A | -2.9% |
| Saudi Arabia | 311 | 171 | N/A | N/A | -45.0% |
| Qatar | 93.2 | 88.2 | N/A | N/A | -5.4% |
| Others | 94.2 | 124 | 199 | N/A | 45.3% |
| Total | 2,803 | 1,529 | 1,949 | 589 | -40.5% |
Top Suppliers of Crude Oil to New Zealand in 2022:
- United Arab Emirates (820.3K tons)
- Indonesia (95.8K tons)
- Australia (0.1K tons)
Crude Oil Exports in New Zealand
Crude oil exports from New Zealand skyrocketed to 1M tons in 2022, increasing by 47% compared with the previous year's figure. The total export volume increased at an average annual rate of +5.3% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, crude oil exports soared to $757M in 2022. In general, exports recorded a remarkable increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Crude Oil in New Zealand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Singapore | 46.2 | 13.9 | 23.8 | 308 | 88.2% |
| Australia | 384 | 225 | 242 | 231 | -15.6% |
| Indonesia | 9.4 | N/A | N/A | 67.0 | 92.4% |
| China | N/A | N/A | 30.4 | 58.5 | 92.4% |
| Thailand | 12.4 | N/A | N/A | 44.5 | 53.1% |
| United States | N/A | 32.9 | 60.1 | 30.8 | -3.2% |
| Japan | N/A | N/A | N/A | 16.6 | 0% |
| Others | N/A | 4.7 | N/A | N/A | 0% |
| Total | 452 | 277 | 357 | 757 | 18.8% |
Top Export Markets for Crude Oil from New Zealand in 2022:
- Singapore (391.8K tons)
- Australia (343.0K tons)
- China (76.5K tons)
- Indonesia (71.0K tons)
- United States (58.4K tons)
- Thailand (53.4K tons)
- Japan (22.7K tons)
This report provides an in-depth analysis of the crude oil market in New Zealand. 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:
- New Zealand
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in New Zealand
- 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 New Zealand.
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This report provides an in-depth analysis of the market for crude oil and processed petroleum in New Zealand.
397
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.
272
This report provides an in-depth analysis of the crude oil market in New Zealand.
115
This report provides an in-depth analysis of the market for crude oil and processed petroleum in New Zealand.
397
This report provides an in-depth analysis of the global crude oil market.
124
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.
