Report Update: May 1, 2024

Argentina - Processed Petroleum Oils and Distillates - Market Analysis, Forecast, Size, Trends And Insights

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Price for Processed Petroleum Oils and Distillates in Argentina - 2023

Price for Processed Petroleum Oils and Distillates in Argentina (CIF) - 2022

In 2022, the average import price for processed petroleum oils and distillates amounted to $893 per ton, increasing by 108% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. Over the period under review, average import prices attained the peak figure at $1,064 per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Finland ($1,160 per ton) and Brazil ($970 per ton), while the price for the United States ($807 per ton) and India ($872 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Finland (+10.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Processed Petroleum Oils and Distillates in Argentina (FOB) - 2022

In 2022, the average export price for processed petroleum oils and distillates amounted to $874 per ton, increasing by 31% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the average export price increased by 101% against the previous year. The export price peaked at $955 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Chile ($1,352 per ton), while the average price for exports to the United States ($673 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 Paraguay (+0.6%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Processed Petroleum Oils and Distillates in Argentina

In 2022, approx. 7.3M tons of processed petroleum oils and distillates were imported into Argentina; with a decrease of -18.6% compared with the year before. Over the period under review, imports, however, continue to indicate a resilient increase. The growth pace was the most rapid in 2021 with an increase of 227% against the previous year. As a result, imports reached the peak of 9M tons, and then declined sharply in the following year.

In value terms, processed petroleum oils and distillates imports soared to $6.5B in 2022. In general, imports, however, continue to indicate a significant expansion. The growth pace was the most rapid in 2021 with an increase of 227% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the immediate term.

Import of Processed Petroleum Oils and Distillates in Argentina (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United States	1,124	466	813	3,137	40.8%
Netherlands	266	135	727	638	33.9%
Brazil	66.0	57.9	64.3	345	73.6%
Finland	N/A	N/A	31.0	327	954.8%
India	93.3	173	490	287	45.4%
Russia	206	2.5	31.7	N/A	-60.8%
Others	524	346	1,702	1,798	50.8%
Total	2,278	1,181	3,860	6,532	42.1%

Top Suppliers of Processed Petroleum Oils and Distillates to Argentina in 2022:

United States (3.9M tons)
Netherlands (0.7M tons)
Brazil (0.4M tons)
Finland (0.3M tons)
India (0.3M tons)

Exports of Processed Petroleum Oils and Distillates in Argentina

In 2022, shipments abroad of processed petroleum oils and distillates decreased by -12.6% to 789K tons, falling for the second consecutive year after two years of growth. Overall, exports showed a abrupt descent. The growth pace was the most rapid in 2020 with an increase of 24%. As a result, the exports attained the peak of 1.7M tons. From 2021 to 2022, the growth of the exports remained at a lower figure.

In value terms, processed petroleum oils and distillates exports expanded remarkably to $690M in 2022. The total export value increased at an average annual rate of +1.5% from 2019 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Export of Processed Petroleum Oils and Distillates in Argentina (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Paraguay	147	161	291	212	13.0%
United States	224	73.9	14.0	151	-12.3%
Ecuador	0.5	23.4	113	75.7	433.0%
Brazil	199	125	54.6	68.9	-29.8%
Chile	36.6	29.8	48.1	46.7	8.5%
Netherlands	N/A	57.6	22.6	29.4	-28.6%
Belgium	N/A	N/A	N/A	20.0	0%
Others	53.2	96.7	59.0	86.0	17.4%
Total	660	567	602	690	1.5%

Top Export Markets for Processed Petroleum Oils and Distillates from Argentina in 2022:

United States (225.0K tons)
Paraguay (207.7K tons)
Ecuador (89.5K tons)
Brazil (79.1K tons)
Netherlands (43.1K tons)
Chile (34.5K tons)
Belgium (21.9K tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the market for processed petroleum oils and distillates in Argentina. 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:

Argentina

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Argentina
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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023