Uruguay - Crude Petroleum Oil - Market Analysis, Forecast, Size, Trends And Insights
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View PricingCrude Oil Price in Uruguay - 2022
Contents:
- Crude Oil Price in Uruguay (CIF) - 2022
- Crude Oil Price in Uruguay (FOB) - 2022
- Crude Oil Imports in Uruguay
- Crude Oil Exports in Uruguay
Crude Oil Price in Uruguay (CIF) - 2022
The average crude oil import price stood at $758 per ton in 2022, surging by 44% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2018 an increase of 54% against the previous year. Over the period under review, average import prices hit record highs at $810 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($769 per ton), while the price for Argentina ($658 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Nigeria (-1.1%), while the prices for the other major suppliers experienced a decline.
Crude Oil Price in Uruguay (FOB) - 2022
The average crude oil export price stood at $433 per ton in 2022, declining by -19.3% against the previous year. In general, export price indicated a resilient increase from 2020 to 2022: its price increased at an average annual rate of +16.4% over the last two years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, crude oil export price increased by +35.4% against 2020 indices. The pace of growth was the most pronounced in 2021 an increase of 68%. As a result, the export price attained the peak level of $537 per ton, and then dropped sharply in the following year.
Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was South Korea ($500 per ton), while the average price for exports to Singapore amounted to $416 per ton.
From 2020 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Philippines (0.0%), while the prices for the other major destinations experienced more modest paces of growth.
Crude Oil Imports in Uruguay
In 2022, approx. 2.2M tons of crude petroleum oil were imported into Uruguay; with an increase of 3.2% against 2021. The total import volume increased at an average annual rate of +1.4% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 29% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the immediate term.
In value terms, crude oil imports skyrocketed to $1.7B in 2022. In general, imports posted a prominent expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 63%. Imports peaked in 2022 and are expected to retain growth in the immediate term.
| Import of Crude Oil in Uruguay (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 70.5 | 91.5 | 101 | 1,313 | 165.1% |
| Nigeria | 69.2 | 9.8 | 111 | 300 | 63.1% |
| Argentina | N/A | N/A | N/A | 44.2 | 0% |
| Russia | 376 | 375 | 558 | N/A | 21.8% |
| South Africa | 121 | 109 | 147 | N/A | 10.2% |
| Angola | 117 | 48.3 | 82.2 | N/A | -16.2% |
| Brazil | 202 | 28.4 | 66.1 | N/A | -42.8% |
| Others | 34.6 | 19.1 | 46.4 | N/A | 15.8% |
| Total | 991 | 681 | 1,112 | 1,657 | 18.7% |
Top Suppliers of Crude Oil to Uruguay in 2022:
- United States (1706.7K tons)
- Nigeria (411.7K tons)
- Argentina (67.1K tons)
Crude Oil Exports in Uruguay
In 2022, overseas shipments of crude petroleum oil decreased by -4.4% to 286K tons for the first time since 2019, thus ending a two-year rising trend. The total export volume increased at an average annual rate of +2.4% from 2020 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 9.6%. As a result, the exports reached the peak of 299K tons, and then reduced in the following year.
In value terms, crude oil exports reduced notably to $124M in 2022. Over the period under review, total exports indicated a resilient increase from 2020 to 2022: its value increased at an average annual rate of +19.1% over the last two-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +41.9% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 84% against the previous year. As a result, the exports attained the peak of $161M, and then fell rapidly in the following year.
| Export of Crude Oil in Uruguay (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2020 | 2021 | 2022 | CAGR, 2020-2022 | |
| Singapore | N/A | N/A | 49.3 | 0% | |
| South Korea | N/A | N/A | 24.7 | 0% | |
| India | 35.8 | N/A | N/A | 0% | |
| Philippines | 32.8 | N/A | N/A | 0% | |
| Netherlands | 18.8 | N/A | N/A | 0% | |
| Others | N/A | 161 | 50.0 | -68.9% | |
| Total | 87.4 | 161 | 124 | 19.1% | |
Top Export Markets for Crude Oil from Uruguay in 2022:
- Singapore (118.5K tons)
- South Korea (49.3K tons)
This report provides an in-depth analysis of the crude oil market in Uruguay. 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:
- Uruguay
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Uruguay
- 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 Uruguay.
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This report provides an in-depth analysis of the market for crude oil and processed petroleum in Uruguay.
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.
382
This report provides an in-depth analysis of the crude oil market in Uruguay.
122
This report provides an in-depth analysis of the market for crude oil and processed petroleum in Uruguay.
397
This report provides an in-depth analysis of the global crude oil market.
126
This report provides an in-depth analysis of the global market for crude oil and processed petroleum.
494
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.
