Report Update: May 1, 2024

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

Single report

Sent by email within 24h (Mon-Fri)

$599 Basic Edition

$2095 Professional Edition

What's the difference?

Subscription

Online access and download

from $350/month

Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.

View Pricing

Price for Processed Petroleum Oils and Distillates in Egypt - 2023

Price for Processed Petroleum Oils and Distillates in Egypt (FOB) - 2023

The average export price for processed petroleum oils and distillates stood at $1,017 per ton in June 2023, declining by -16.5% against the previous month. Over the period under review, the export price, however, saw mild growth. The pace of growth appeared the most rapid in October 2022 an increase of 205% m-o-m. As a result, the export price reached the peak level of $2,662 per ton. From November 2022 to June 2023, the the average export prices remained at a somewhat lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was Sweden ($2,225 per ton), while the average price for exports to the United Arab Emirates ($423 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 Belgium (+18.0%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Processed Petroleum Oils and Distillates in Egypt (CIF) - 2023

The average import price for processed petroleum oils and distillates stood at $956 per ton in June 2023, with a decrease of -12.5% against the previous month. Overall, import price indicated temperate growth from June 2022 to June 2023: its price increased at an average monthly rate of +2.7% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on June 2023 figures, processed petroleum oils and distillates import price decreased by -12.5% against May 2023 indices. The growth pace was the most rapid in October 2022 when the average import price increased by 46% month-to-month. As a result, import price reached the peak level of $1,116 per ton. From November 2022 to June 2023, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was the Netherlands ($2,119 per ton), while the price for Kuwait ($945 per ton) was amongst the lowest.

From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by the Netherlands (+9.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Processed Petroleum Oils and Distillates in Egypt

In 2022, the amount of processed petroleum oils and distillates exported from Egypt contracted sharply to 4.9M tons, falling by -25% on 2021 figures. In general, exports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 108%. As a result, the exports reached the peak of 6.6M tons, and then fell rapidly in the following year.

In value terms, processed petroleum oils and distillates exports dropped markedly to $508M in 2022. Overall, exports, however, showed a prominent expansion. The growth pace was the most rapid in 2021 with an increase of 108%. As a result, the exports attained the peak of $678M, and then shrank markedly in the following year.

Export of Processed Petroleum Oils and Distillates in Egypt (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
South Korea	14.8	20.8	40.2	109	94.6%
Slovenia	1.7	2.8	19.4	32.3	166.8%
Lebanon	1.1	4.8	3.7	30.0	201.0%
Italy	22.0	18.4	9.1	20.6	-2.2%
France	1.5	1.7	4.1	19.9	136.7%
Morocco	7.9	3.1	6.2	19.0	34.0%
Greece	13.0	15.0	52.5	19.0	13.5%
Taiwan (Chinese)	N/A	7.5	16.5	18.8	58.3%
Turkey	13.5	11.8	7.2	16.5	6.9%
Malaysia	N/A	0.5	9.3	15.6	458.6%
United States	83.1	40.8	78.4	15.6	-42.7%
Japan	3.4	19.4	12.1	14.0	60.3%
China	4.4	13.1	24.8	12.8	42.8%
Others	222	166	394	165	-9.4%
Total	388	326	678	508	9.4%

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

South Korea (1018.2K tons)
Malaysia (314.2K tons)
Taiwan (Chinese) (265.4K tons)
United States (242.0K tons)
Greece (235.2K tons)
Slovenia (225.0K tons)
Lebanon (215.6K tons)
Italy (163.2K tons)
Japan (156.6K tons)
France (150.9K tons)
China (141.1K tons)
Morocco (138.1K tons)
Turkey (121.3K tons)

Imports of Processed Petroleum Oils and Distillates in Egypt

Processed petroleum oils and distillates imports into Egypt skyrocketed to 21M tons in 2022, jumping by 63% compared with the previous year. In general, imports continue to indicate a significant increase. The pace of growth appeared the most rapid in 2021 with an increase of 315%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, processed petroleum oils and distillates imports skyrocketed to $12.6B in 2022. Over the period under review, imports saw significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 510%. Imports peaked in 2022 and are expected to retain growth in years to come.

Import of Processed Petroleum Oils and Distillates in Egypt (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
India	260	67.3	31.7	2,464	111.6%
Italy	126	172	426	2,005	151.5%
Bulgaria	181	35.1	74.9	1,170	86.3%
United Arab Emirates	31.4	49.7	150	514	153.9%
Netherlands	142	30.1	168	500	52.1%
Turkey	390	79.2	141	418	2.3%
Greece	445	148	162	319	-10.5%
Russia	186	81.2	109	N/A	-23.4%
Others	1,679	609	6,490	5,243	46.2%
Total	3,440	1,271	7,752	12,634	54.3%

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

India (4.3M tons)
Italy (3.2M tons)
Bulgaria (2.1M tons)
Turkey (0.8M tons)
United Arab Emirates (0.8M tons)
Greece (0.6M tons)
Netherlands (0.5M tons)

Source: IndexBox Market Intelligence Platform

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

Egypt

Data coverage:

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