Canada - Processed Petroleum Oils and Distillates - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Processed Petroleum Oils and Distillates in Canada - 2023
Contents:
- Price for Processed Petroleum Oils and Distillates in Canada (CIF) - 2023
- Price for Processed Petroleum Oils and Distillates in Canada (FOB) - 2023
- Imports of Processed Petroleum Oils and Distillates in Canada
- Exports of Processed Petroleum Oils and Distillates in Canada
Price for Processed Petroleum Oils and Distillates in Canada (CIF) - 2023
The average import price for processed petroleum oils and distillates stood at $625 per ton in June 2023, reducing by -6.3% against the previous month. Overall, the import price showed a perceptible decline. The growth pace was the most rapid in October 2022 when the average import price increased by 19% month-to-month. Over the period under review, average import prices hit record highs at $906 per ton in June 2022; however, from July 2022 to June 2023, import prices stood at a somewhat lower figure.
Average prices varied noticeably amongst the major supplying countries. In June 2023, the countries with the highest prices were the UK ($669 per ton) and Sweden ($665 per ton), while the price for the United States ($601 per ton) and Belgium ($632 per ton) were amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Sweden (-2.9%), while the prices for the other major suppliers experienced a decline.
Price for Processed Petroleum Oils and Distillates in Canada (FOB) - 2023
The average export price for processed petroleum oils and distillates stood at $632 per ton in June 2023, picking up by 4.1% against the previous month. Overall, the export price, however, recorded a pronounced decrease. The most prominent rate of growth was recorded in January 2023 when the average export price increased by 5.1% against the previous month. The export price peaked at $1,009 per ton in June 2022; however, from July 2022 to June 2023, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major external markets. In June 2023, the country with the highest price was Peru ($4,653 per ton), while the average price for exports to Bahamas ($405 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to Peru (+12.2%), while the prices for the other major destinations experienced a decline.
Imports of Processed Petroleum Oils and Distillates in Canada
Processed petroleum oils and distillates imports into Canada surged to 38M tons in 2022, with an increase of 50% compared with 2021. In general, imports recorded a buoyant increase. The most prominent rate of growth was recorded in 2021 with an increase of 61% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.
In value terms, processed petroleum oils and distillates imports soared to $20.4B in 2022. Overall, imports saw buoyant growth. The growth pace was the most rapid in 2021 when imports increased by 61% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.
| Import of Processed Petroleum Oils and Distillates in Canada (Billion USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 8.3 | 6.0 | 9.9 | 14.9 | 21.5% |
| Netherlands | 1.4 | 0.7 | 1.1 | 1.7 | 6.7% |
| United Kingdom | N/A | 0.1 | 0.2 | 0.5 | 123.6% |
| Others | 3.3 | 1.7 | 2.4 | 3.3 | 0.0% |
| Total | 13.0 | 8.4 | 13.6 | 20.4 | 16.2% |
Top Suppliers of Processed Petroleum Oils and Distillates to Canada in 2022:
- United States (29.9M tons)
- Netherlands (2.9M tons)
- United Kingdom (0.6M tons)
Exports of Processed Petroleum Oils and Distillates in Canada
In 2022, the amount of processed petroleum oils and distillates exported from Canada skyrocketed to 50M tons, jumping by 48% against 2021 figures. Over the period under review, exports saw a significant increase. The pace of growth appeared the most rapid in 2021 when exports increased by 60%. Over the period under review, the exports reached the peak figure in 2022 and are likely to continue growth in the near future.
In value terms, processed petroleum oils and distillates exports surged to $17.6B in 2022. In general, exports recorded a prominent expansion. The growth pace was the most rapid in 2021 with an increase of 60% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in the near future.
| Export of Processed Petroleum Oils and Distillates in Canada (Billion USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 10.9 | 6.7 | 11.0 | 15.9 | 13.4% |
| Ecuador | N/A | N/A | 0.1 | 0.4 | 300.0% |
| Others | 1.6 | 0.7 | 0.9 | 1.4 | -4.4% |
| Total | 12.6 | 7.5 | 11.9 | 17.6 | 11.8% |
Top Export Markets for Processed Petroleum Oils and Distillates from Canada in 2022:
- United States (45.7M tons)
- Ecuador (0.8M tons)
This report provides an in-depth analysis of the market for processed petroleum oils and distillates in Canada. 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:
- Canada
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Canada
- 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
-
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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