Greece - 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 Greece - 2023
Contents:
- Price for Processed Petroleum Oils and Distillates in Greece (FOB) - 2023
- Price for Processed Petroleum Oils and Distillates in Greece (CIF) - 2022
- Exports of Processed Petroleum Oils and Distillates in Greece
- Imports of Processed Petroleum Oils and Distillates in Greece
Price for Processed Petroleum Oils and Distillates in Greece (FOB) - 2023
In July 2023, the average export price for processed petroleum oils and distillates amounted to $816 per ton, picking up by 4.2% against the previous month. Overall, the export price, however, saw a slight decrease. The pace of growth appeared the most rapid in October 2022 an increase of 8.8% month-to-month. Over the period under review, the average export prices attained the peak figure at $998 per ton in July 2022; however, from August 2022 to July 2023, the export prices failed to regain momentum.
There were significant differences in the average prices for the major export markets. In July 2023, the country with the highest price was the United States ($1,011 per ton), while the average price for exports to Morocco ($537 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Spain (+0.1%), while the prices for the other major destinations experienced mixed trend patterns.
Price for Processed Petroleum Oils and Distillates in Greece (CIF) - 2022
The average import price for processed petroleum oils and distillates stood at $373 per ton in 2022, therefore, remained relatively stable against the previous year. In general, the import price saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2018 an increase of 41% against the previous year. Over the period under review, average import prices hit record highs at $936 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Egypt ($569 per ton), while the price for Italy ($314 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (-6.1%), while the prices for the other major suppliers experienced a decline.
Exports of Processed Petroleum Oils and Distillates in Greece
In 2022, the amount of processed petroleum oils and distillates exported from Greece fell to 18M tons, which is down by -9.9% on the previous year's figure. Overall, exports saw a perceptible reduction. The most prominent rate of growth was recorded in 2021 with an increase of 8%. As a result, the exports reached the peak of 20M tons, and then fell in the following year.
In value terms, processed petroleum oils and distillates exports surged to $17.2B in 2022. In general, exports, however, recorded a resilient expansion. The most prominent rate of growth was recorded in 2021 with an increase of 74% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.
| Export of Processed Petroleum Oils and Distillates in Greece (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Libya | 380 | 667 | 1,099 | 1,831 | 68.9% |
| Lebanon | 1,218 | 697 | 1,309 | 1,576 | 9.0% |
| Gibraltar | 526 | 487 | 605 | 1,267 | 34.0% |
| Turkey | 1,221 | 514 | 1,026 | 1,175 | -1.3% |
| North Macedonia | 550 | 295 | 556 | 1,166 | 28.5% |
| Italy | 1,026 | 638 | 751 | 1,067 | 1.3% |
| Cyprus | 493 | 413 | 636 | 827 | 18.8% |
| United Kingdom | 230 | 62.8 | 144 | 606 | 38.1% |
| Spain | 173 | 97.4 | 145 | 594 | 50.9% |
| South Korea | 0.7 | 177 | 870 | 573 | 835.4% |
| Malta | 223 | 121 | 192 | 537 | 34.0% |
| Tunisia | 148 | 112 | 413 | 411 | 40.6% |
| Saudi Arabia | 699 | 194 | 559 | 265 | -27.6% |
| Others | 4,134 | 2,463 | 3,751 | 5,277 | 8.5% |
| Total | 11,022 | 6,938 | 12,056 | 17,172 | 15.9% |
Top Export Markets for Processed Petroleum Oils and Distillates from Greece in 2022:
- Libya (1.8M tons)
- Gibraltar (1.7M tons)
- Lebanon (1.5M tons)
- North Macedonia (1.2M tons)
- Turkey (1.1M tons)
- Italy (1.1M tons)
- South Korea (0.8M tons)
- Cyprus (0.8M tons)
- Malta (0.6M tons)
- Spain (0.6M tons)
- Saudi Arabia (0.5M tons)
- Tunisia (0.5M tons)
- United Kingdom (0.5M tons)
Imports of Processed Petroleum Oils and Distillates in Greece
Processed petroleum oils and distillates imports into Greece soared to 15M tons in 2022, surging by 48% on the previous year's figure. In general, imports showed a significant increase. The most prominent rate of growth was recorded in 2021 when imports increased by 67% 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 skyrocketed to $5.7B in 2022. Over the period under review, imports continue to indicate a remarkable increase. The growth pace was the most rapid in 2021 when imports increased by 67% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the near future.
| Import of Processed Petroleum Oils and Distillates in Greece (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 167 | 76.7 | 343 | 1,155 | 90.5% |
| Turkey | 244 | 122 | 495 | 1,060 | 63.2% |
| France | 61.0 | 43.2 | 61.3 | 909 | 146.1% |
| Spain | 579 | 73.0 | 50.3 | 851 | 13.7% |
| China | 88.8 | 57.5 | 53.9 | 291 | 48.5% |
| Egypt | 94.3 | 200 | 494 | 228 | 34.2% |
| Netherlands | 71.3 | 126 | 82.5 | 165 | 32.3% |
| Israel | 213 | N/A | N/A | 161 | -8.9% |
| Brazil | 45.2 | 36.6 | 33.1 | 132 | 42.9% |
| Romania | 191 | 60.0 | 23.7 | 78.1 | -25.8% |
| Russia | 1,821 | 1,260 | 1,967 | N/A | 3.9% |
| Others | 400 | 240 | 222 | 627 | 16.2% |
| Total | 3,976 | 2,296 | 3,826 | 5,657 | 12.5% |
Top Suppliers of Processed Petroleum Oils and Distillates to Greece in 2022:
- Italy (3.7M tons)
- Spain (2.7M tons)
- Turkey (2.4M tons)
- France (2.3M tons)
- China (0.9M tons)
- Netherlands (0.4M tons)
- Egypt (0.4M tons)
- Brazil (0.3M tons)
- Israel (0.3M tons)
- Romania (0.1M tons)
This report provides an in-depth analysis of the market for processed petroleum oils and distillates in Greece. 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:
- Greece
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Greece
- 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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