Russian Federation - Crude Petroleum Oil - Market Analysis, Forecast, Size, Trends And Insights
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View PricingCrude Oil Price in Russia - 2022
Contents:
- Crude Oil Price in Russia (FOB) - 2022
- Crude Oil Price in Russia (CIF) - 2022
- Crude Oil Exports in Russia
- Crude Oil Imports in Russia
Crude Oil Price in Russia (FOB) - 2022
In January 2022, the average crude oil export price amounted to $570 per ton, surging by 4.3% against the previous month. Over the last twelve months, it increased at an average monthly rate of +3.8%. The growth pace was the most rapid in February 2021 when the average export price increased by 8.5% against the previous month. Over the period under review, the average export prices reached the maximum in January 2022.
Average prices varied noticeably for the major foreign markets. In January 2022, the highest price was recorded for prices to the Czech Republic ($612 per ton) and Hungary ($603 per ton), while the average price for exports to Italy ($520 per ton) and Finland ($526 per ton) were amongst the lowest.
From January 2021 to January 2022, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (+5.3%), while the prices for the other major destinations experienced more modest paces of growth.
Crude Oil Price in Russia (CIF) - 2022
In 2021, the average crude oil import price amounted to $357 per ton, increasing by 9.6% against the previous year. Overall, import price indicated resilient growth from 2012 to 2021: its price increased at an average annual rate of +7.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, crude oil import price increased by +97.9% against 2013 indices. The pace of growth appeared the most rapid in 2019 when the average import price increased by 18%. The import price peaked in 2021 and is expected to retain growth in the immediate term.
As there is only one major supplying country, the average price level is determined by prices for Kazakhstan.
From 2012 to 2021, the rate of growth in terms of prices for Kazakhstan amounted to +7.5% per year.
Crude Oil Exports in Russia
After two years of decline, shipments abroad of crude petroleum oil increased by 2% to 235M tons in 2022. Overall, exports, however, continue to indicate a noticeable reduction.
In value terms, crude oil exports reduced notably to $91.4B in 2022. In general, exports, however, showed a abrupt downturn. The most prominent rate of growth was recorded in 2021 when exports increased by 52% against the previous year.
| Export of Crude Oil in Russia (Billion USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 33.7 | 23.8 | 35.3 | 32.0 | -1.7% |
| Netherlands | 20.9 | 9.4 | 17.3 | 11.5 | -18.1% |
| Germany | 8.3 | 6.3 | 9.3 | 10.9 | 9.5% |
| Poland | 6.2 | 4.2 | 5.4 | 5.6 | -3.3% |
| Italy | 6.5 | 3.7 | 4.2 | 5.5 | -5.4% |
| South Korea | 7.6 | 5.0 | 6.4 | 3.7 | -21.3% |
| Finland | 4.4 | 2.8 | 3.0 | 2.9 | -13.0% |
| Lithuania | 1.3 | 0.7 | 1.5 | 2.9 | 30.7% |
| Belarus | 6.6 | 3.5 | 6.1 | 2.6 | -26.7% |
| Slovakia | 2.2 | 1.5 | 2.5 | 2.4 | 2.9% |
| Turkey | 3.7 | 0.9 | 2.1 | 1.9 | -19.9% |
| Hungary | 1.9 | 1.0 | 1.6 | 1.9 | 0.0% |
| Czech Republic | 1.7 | 0.9 | 1.7 | 1.7 | 0.0% |
| Others | 17.4 | 8.8 | 13.9 | 5.8 | -30.7% |
| Total | 122 | 72.6 | 110 | 91.4 | -9.2% |
Top Export Markets for Crude Oil from Russia in 2022:
- China (80.3M tons)
- Netherlands (30.4M tons)
- Germany (26.7M tons)
- Italy (15.6M tons)
- Poland (14.7M tons)
- South Korea (9.1M tons)
- Finland (8.1M tons)
- Lithuania (7.9M tons)
- Belarus (7.0M tons)
- Slovakia (5.8M tons)
- Turkey (5.3M tons)
- Hungary (4.6M tons)
- Czech Republic (4.0M tons)
Crude Oil Imports in Russia
After two years of growth, purchases abroad of crude petroleum oil decreased by -79.8% to 390 tons in 2021. Overall, imports, however, recorded a significant increase. The growth pace was the most rapid in 2020 when imports increased by 666%. As a result, imports reached the peak of 1.9K tons, and then dropped sharply in the following year.
In value terms, crude oil imports fell sharply to $139K in 2021. Over the period under review, imports, however, enjoyed a significant expansion. The pace of growth was the most pronounced in 2020 when imports increased by 680% against the previous year. As a result, imports reached the peak of $628K, and then contracted significantly in the following year.
| Import of Crude Oil in Russia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 | |
| Kazakhstan | 80.6 | 571 | 138 | 30.8% | |
| Kyrgyzstan | N/A | 55.7 | N/A | 0% | |
| Others | N/A | 1.8 | 1.5 | -16.7% | |
| Total | 80.6 | 628 | 139 | 31.3% | |
Top Suppliers of Crude Oil to Russia in 2022:
- Kazakhstan (390.0 tons)
This report provides an in-depth analysis of the crude oil market in the Russian Federation. 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:
- Russia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the Russian Federation
- 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 the Russian Federation.
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This report provides an in-depth analysis of the market for crude oil and processed petroleum in the Russian Federation.
399
This report provides an in-depth analysis of the global crude oil market.
128
This report provides an in-depth analysis of the global market for crude oil and processed petroleum.
237
This report provides an in-depth analysis of the crude oil market in the Russian Federation.
45
This report provides an in-depth analysis of the market for crude oil and processed petroleum in the Russian Federation.
399
This report provides an in-depth analysis of the global crude oil market.
128
This report provides an in-depth analysis of the global market for crude oil and processed petroleum.
496
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.
496
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.
