Russian Federation - 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 Russia - 2022
Contents:
- Price for Crude Oil and Processed Petroleum in Russia (FOB) - 2022
- Price for Crude Oil and Processed Petroleum in Russia (CIF) - 2022
- Exports of Crude Oil and Processed Petroleum in Russia
- Imports of Crude Oil and Processed Petroleum in Russia
Price for Crude Oil and Processed Petroleum in Russia (FOB) - 2022
The average export price for crude oil and processed petroleum stood at $484 per ton in 2022, standing approx. at the previous year. Over the period under review, the export price, however, showed a perceptible shrinkage. The most prominent rate of growth was recorded in 2021 when the average export price increased by 49% against the previous year. The export price peaked at $752 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.
Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the countries with the highest prices were Slovakia ($540 per ton) and Germany ($535 per ton), while the average price for exports to the United States ($389 per ton) and Turkey ($452 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 Belarus (+1.0%), while the prices for the other major destinations experienced a decline.
Price for Crude Oil and Processed Petroleum in Russia (CIF) - 2022
The average import price for crude oil and processed petroleum stood at $759 per ton in 2022, leveling off at the previous year. Overall, the import price showed a noticeable descent. The most prominent rate of growth was recorded in 2016 when the average import price increased by 87%. Over the period under review, average import prices hit record highs at $1,003 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($1,583 per ton), while the price for Kazakhstan ($178 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belarus (+35.3%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Crude Oil and Processed Petroleum in Russia
Crude oil and processed petroleum exports from Russia shrank to 365M tons in 2022, falling by -2.3% on the previous year's figure. Over the period under review, exports showed a slight shrinkage. The pace of growth was the most pronounced in 2021 when exports increased by 6.1%.
In value terms, crude oil and processed petroleum exports dropped slightly to $176.7B in 2022. In general, exports saw a slight contraction. The growth pace was the most rapid in 2021 with an increase of 58%.
| Export of Crude Oil and Processed Petroleum in Russia (Billion USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 36.8 | 25.8 | 39.2 | 47.5 | 8.9% |
| Netherlands | 32.7 | 15.8 | 32.0 | 25.9 | -7.5% |
| Germany | 11.1 | 8.3 | 11.6 | 15.1 | 10.8% |
| South Korea | 9.7 | 6.5 | 9.5 | 9.3 | -1.4% |
| Italy | 8.3 | 5.1 | 6.2 | 8.5 | 0.8% |
| Poland | 7.2 | 4.9 | 7.0 | 8.5 | 5.7% |
| Turkey | 7.3 | 3.1 | 5.9 | 6.0 | -6.3% |
| Finland | 5.2 | 3.4 | 3.7 | 5.0 | -1.3% |
| Lithuania | 1.6 | 0.9 | 1.7 | 3.9 | 34.6% |
| France | 2.0 | 1.6 | 2.4 | 3.8 | 23.9% |
| Belarus | 6.6 | 3.6 | 6.2 | 3.6 | -18.3% |
| United States | 6.3 | 4.8 | 8.7 | 3.1 | -21.1% |
| Slovakia | 2.2 | 1.5 | 2.5 | 3.1 | 12.1% |
| Others | 46.7 | 28.4 | 43.2 | 33.4 | -10.6% |
| Total | 184 | 114 | 180 | 177 | -1.3% |
Top Export Markets for Crude Oil and Processed Petroleum from Russia in 2022:
- China (91.1M tons)
- Netherlands (56.2M tons)
- Germany (28.2M tons)
- Italy (18.8M tons)
- South Korea (18.2M tons)
- Poland (17.0M tons)
- Turkey (13.2M tons)
- Finland (10.3M tons)
- Lithuania (8.1M tons)
- France (7.9M tons)
- United States (7.8M tons)
- Belarus (7.2M tons)
- Slovakia (5.8M tons)
Imports of Crude Oil and Processed Petroleum in Russia
After three years of growth, supplies from abroad of crude oil and processed petroleum decreased by -91.1% to 185K tons in 2022. In general, imports showed a precipitous slump. The pace of growth appeared the most rapid in 2021 when imports increased by 30%. As a result, imports reached the peak of 2.1M tons, and then plummeted in the following year.
In value terms, crude oil and processed petroleum imports fell sharply to $140M in 2022. Over the period under review, imports continue to indicate a precipitous descent. The growth pace was the most rapid in 2021 with an increase of 30%. As a result, imports reached the peak of $1.6B, and then contracted sharply in the following year.
| Import of Crude Oil and Processed Petroleum in Russia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | 72.7 | 75.0 | 86.8 | 21.8 | -33.1% |
| South Korea | 65.5 | 66.5 | 101 | 17.5 | -35.6% |
| Germany | 95.7 | 84.8 | 117 | 9.4 | -53.9% |
| Finland | 137 | 145 | 242 | 8.3 | -60.7% |
| China | 140 | 60.8 | 69.9 | 7.3 | -62.6% |
| Kazakhstan | 38.5 | 19.1 | 27.9 | 6.3 | -45.3% |
| Japan | 27.1 | 22.5 | 37.1 | 5.1 | -42.7% |
| Belgium | 51.2 | 55.9 | 86.5 | 2.8 | -62.0% |
| Netherlands | 40.5 | 38.3 | 55.5 | 2.7 | -59.5% |
| Thailand | 7.1 | 8.3 | 14.1 | 2.2 | -32.3% |
| Azerbaijan | N/A | 3.0 | 3.1 | 1.5 | -29.3% |
| Malaysia | 5.8 | 4.8 | 4.4 | 0.8 | -48.3% |
| Belarus | 31.2 | 101 | N/A | N/A | 223.7% |
| Others | 624 | 539 | 741 | 54.8 | -55.6% |
| Total | 1,336 | 1,223 | 1,586 | 140 | -52.9% |
Top Suppliers of Crude Oil and Processed Petroleum to Russia in 2022:
- Turkey (39.8K tons)
- Kazakhstan (35.2K tons)
- China (14.3K tons)
- South Korea (12.7K tons)
- Finland (7.6K tons)
- Germany (6.2K tons)
- Japan (3.2K tons)
- Malaysia (2.9K tons)
- Azerbaijan (2.7K tons)
- Belgium (2.5K tons)
- Netherlands (2.4K tons)
- Thailand (2.3K tons)
This report provides an in-depth analysis of the market for crude oil and processed petroleum 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 market for crude oil and processed petroleum in the Russian Federation.
240
This report provides an in-depth analysis of the crude oil market in the Russian Federation.
144
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.
50
This report provides an in-depth analysis of the market for crude oil and processed petroleum in the Russian Federation.
240
This report provides an in-depth analysis of the crude oil market in the Russian Federation.
144
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.
566
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.
566
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.
