Brazil - Crude Oil and Processed Petroleum - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Crude Oil and Processed Petroleum in Brazil - 2023
Contents:
- Price for Crude Oil and Processed Petroleum in Brazil (FOB) - 2022
- Price for Crude Oil and Processed Petroleum in Brazil (CIF) - 2022
- Exports of Crude Oil and Processed Petroleum in Brazil
- Imports of Crude Oil and Processed Petroleum in Brazil
Price for Crude Oil and Processed Petroleum in Brazil (FOB) - 2022
The average export price for crude oil and processed petroleum stood at $648 per ton in 2022, with an increase of 39% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the average export price increased by 54%. Over the period under review, the average export prices hit record highs at $702 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.
Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the highest price was recorded for prices to the Netherlands ($685 per ton) and Singapore ($683 per ton), while the average price for exports to India ($565 per ton) and Malaysia ($599 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+0.6%), while the prices for the other major destinations experienced mixed trend patterns.
Price for Crude Oil and Processed Petroleum in Brazil (CIF) - 2022
In 2022, the average import price for crude oil and processed petroleum amounted to $417 per ton, picking up by 8.5% against the previous year. In general, the import price, however, continues to indicate a drastic downturn. The pace of growth was the most pronounced in 2018 when the average import price increased by 24% against the previous year. The import price peaked at $952 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Algeria ($797 per ton), while the price for Spain ($339 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Saint Lucia (+5.5%), while the prices for the other major suppliers experienced a decline.
Exports of Crude Oil and Processed Petroleum in Brazil
In 2022, crude oil and processed petroleum exports from Brazil expanded rapidly to 86M tons, with an increase of 5.6% on the previous year's figure. The total export volume increased at an average annual rate of +6.9% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The pace of growth was the most pronounced in 2020 when exports increased by 16% against the previous year. The exports peaked in 2022 and are likely to see steady growth in years to come.
In value terms, crude oil and processed petroleum exports skyrocketed to $55.7B in 2022. In general, exports posted a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 54% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.
| Export of Crude Oil and Processed Petroleum in Brazil (Billion USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 15.5 | 11.4 | 14.3 | 16.8 | 2.7% |
| Singapore | 1.7 | 2.9 | 4.9 | 7.4 | 63.3% |
| United States | 5.0 | 2.0 | 3.9 | 6.1 | 6.9% |
| Spain | 0.9 | 1.1 | 1.1 | 3.9 | 63.0% |
| Chile | 1.2 | 0.7 | 2.0 | 3.2 | 38.7% |
| Netherlands | 0.7 | 1.0 | 1.5 | 3.0 | 62.4% |
| Portugal | 0.4 | 1.0 | 1.7 | 2.7 | 89.0% |
| India | 1.0 | 1.2 | 2.3 | 1.9 | 23.9% |
| South Korea | 0.1 | 0.6 | 1.5 | 1.7 | 157.1% |
| Israel | N/A | N/A | 0.1 | 1.1 | 1000.0% |
| Malaysia | 0.2 | 0.5 | 0.8 | 1.1 | 76.5% |
| Others | 3.4 | 2.4 | 3.9 | 6.9 | 26.6% |
| Total | 30.1 | 24.7 | 37.9 | 55.7 | 22.8% |
Top Export Markets for Crude Oil and Processed Petroleum from Brazil in 2022:
- China (27.6M tons)
- Singapore (10.8M tons)
- United States (9.5M tons)
- Spain (6.2M tons)
- Chile (5.0M tons)
- Netherlands (4.4M tons)
- Portugal (4.1M tons)
- India (3.3M tons)
- South Korea (2.8M tons)
- Malaysia (1.8M tons)
- Israel (1.7M tons)
Imports of Crude Oil and Processed Petroleum in Brazil
In 2022, the amount of crude oil and processed petroleum imported into Brazil soared to 82M tons, growing by 65% compared with the year before. Over the period under review, imports saw a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, crude oil and processed petroleum imports surged to $34.4B in 2022. In general, imports saw a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Crude Oil and Processed Petroleum in Brazil (Billion USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 8.4 | 6.8 | 9.7 | 16.6 | 25.5% |
| India | 0.4 | 0.1 | 1.1 | 5.3 | 136.6% |
| Saudi Arabia | 1.6 | 1.0 | 1.6 | 3.3 | 27.3% |
| Netherlands | 0.7 | 0.3 | 0.6 | 1.3 | 22.9% |
| Nigeria | 0.7 | 0.3 | 0.6 | 1.2 | 19.7% |
| Algeria | 1.2 | 0.3 | 0.7 | 0.6 | -20.6% |
| Spain | 0.4 | 0.3 | 0.4 | 0.6 | 14.5% |
| Saint Lucia | 1.6 | 1.0 | 1.4 | N/A | -6.5% |
| Others | 2.9 | 1.4 | 3.1 | 5.5 | 23.8% |
| Total | 17.9 | 11.6 | 19.2 | 34.4 | 24.3% |
Top Suppliers of Crude Oil and Processed Petroleum to Brazil in 2022:
- United States (47.1M tons)
- India (11.5M tons)
- Saudi Arabia (4.5M tons)
- Netherlands (3.5M tons)
- Spain (1.8M tons)
- Nigeria (1.6M tons)
- Algeria (0.8M tons)
This report provides an in-depth analysis of the market for crude oil and processed petroleum 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 market for crude oil and processed petroleum in Brazil.
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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 global market for crude oil and processed petroleum.
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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 market for crude oil and processed petroleum in Brazil.
615
This report provides an in-depth analysis of the crude oil market in Brazil.
140
This report provides an in-depth analysis of the global market for crude oil and processed petroleum.
412
This report provides an in-depth analysis of the global crude oil market.
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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.
