Report Update: Apr 1, 2024

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

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Price for Processed Petroleum Oils and Distillates in Indonesia - 2022

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

The average import price for processed petroleum oils and distillates stood at $1,021 per ton in March 2022, jumping by 19% against the previous month. Overall, import price indicated tangible growth from March 2021 to March 2022: its price increased at an average monthly rate of +4.4% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on March 2022 figures, processed petroleum oils and distillates import price increased by +39.1% against December 2021 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In March 2022, the countries with the highest prices were Malaysia ($1,047 per ton) and South Korea ($1,046 per ton), while the price for China ($859 per ton) and the United Arab Emirates ($880 per ton) were amongst the lowest.

From March 2021 to March 2022, the most notable rate of growth in terms of prices was attained by Singapore (+4.7%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In March 2022, the average export price for processed petroleum oils and distillates amounted to $875 per ton, rising by 17% against the previous month. Over the period from March 2021 to March 2022, it increased at an average monthly rate of +3.6%. The most prominent rate of growth was recorded in April 2021 an increase of 45% month-to-month. The export price peaked in March 2022.

Prices varied noticeably by the country of destination: the country with the highest price was Taiwan (Chinese) ($1,186 per ton), while the average price for exports to Australia ($618 per ton) was amongst the lowest.

From March 2021 to March 2022, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (+4.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Processed Petroleum Oils and Distillates in Indonesia

Processed petroleum oils and distillates imports into Indonesia soared to 28M tons in 2022, rising by 25% on 2021. Over the period under review, total imports indicated a buoyant increase from 2019 to 2022: its volume increased at an average annual rate of +12.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +73.3% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 39% against the previous year. Imports peaked in 2022 and are likely to see steady growth in years to come.

In value terms, processed petroleum oils and distillates imports skyrocketed to $28B in 2022. Overall, imports enjoyed a significant increase. The pace of growth appeared the most rapid in 2021 with an increase of 119%. Over the period under review, imports attained the peak figure in 2022 and are likely to see steady growth in the near future.

Import of Processed Petroleum Oils and Distillates in Indonesia (Billion USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Singapore	7.9	3.9	6.4	12.2	15.6%
Malaysia	1.1	1.2	3.2	7.1	86.2%
India	0.1	0.1	1.8	4.5	255.7%
South Korea	1.1	0.3	0.7	2.2	26.0%
Brunei Darussalam	N/A	N/A	0.1	0.7	600.0%
China	0.7	0.3	0.7	0.7	0.0%
Others	0.8	0.5	1.1	0.5	-14.5%
Total	11.7	6.4	14.0	28.0	33.8%

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

Singapore (11.7M tons)
Malaysia (7.5M tons)
India (4.6M tons)
South Korea (2.2M tons)
China (0.7M tons)
Brunei Darussalam (0.6M tons)

Exports of Processed Petroleum Oils and Distillates in Indonesia

In 2022, processed petroleum oils and distillates exports from Indonesia surged to 4.2M tons, jumping by 97% compared with the previous year's figure. Overall, exports continue to indicate a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, processed petroleum oils and distillates exports soared to $3.8B in 2022. Over the period under review, exports saw a significant increase. 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 Indonesia (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Singapore	84.6	142	326	1,345	151.4%
Malaysia	66.5	233	361	1,138	157.7%
South Korea	176	116	214	315	21.4%
Bangladesh	79.7	0.4	10.7	272	50.6%
China	56.2	70.0	171	245	63.4%
Netherlands	146	55.3	99.7	158	2.7%
Australia	43.6	3.7	8.8	93.3	28.9%
Others	146	86.6	175	270	22.7%
Total	799	707	1,366	3,836	68.7%

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

Singapore (1523.0K tons)
Malaysia (1357.1K tons)
China (318.5K tons)
South Korea (289.5K tons)
Bangladesh (273.1K tons)
Australia (143.1K tons)
Netherlands (110.2K tons)

Source: IndexBox Market Intelligence Platform

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

Indonesia

Data coverage:

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