Japan - 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 Japan - 2023
Contents:
- Price for Processed Petroleum Oils and Distillates in Japan (CIF) - 2022
- Price for Processed Petroleum Oils and Distillates in Japan (FOB) - 2023
- Imports of Processed Petroleum Oils and Distillates in Japan
- Exports of Processed Petroleum Oils and Distillates in Japan
Price for Processed Petroleum Oils and Distillates in Japan (CIF) - 2022
In 2022, the average import price for processed petroleum oils and distillates amounted to $610 per ton, approximately reflecting the previous year. Over the period under review, the import price, however, saw a pronounced reduction. The pace of growth was the most pronounced in 2021 an increase of 54%. The import price peaked at $974 per ton in 2012; however, from 2013 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 South Korea ($676 per ton) and China ($639 per ton), while the price for the United States ($467 per ton) and Singapore ($551 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (-2.8%), while the prices for the other major suppliers experienced a decline.
Price for Processed Petroleum Oils and Distillates in Japan (FOB) - 2023
In July 2023, the average export price for processed petroleum oils and distillates amounted to $721 per ton, which is down by -3.9% against the previous month. Over the period under review, the export price saw a perceptible decrease. The pace of growth appeared the most rapid in November 2022 an increase of 5.9% against the previous month. Over the period under review, the average export prices hit record highs at $1,084 per ton in July 2022; however, from August 2022 to July 2023, the export prices stood at a somewhat lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Bangladesh ($4,895 per ton), while the average price for exports to Singapore ($543 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 Bangladesh (+11.4%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Processed Petroleum Oils and Distillates in Japan
In 2022, approx. 26M tons of processed petroleum oils and distillates were imported into Japan; surging by 8.5% on the year before. Over the period under review, total imports indicated a strong expansion from 2019 to 2022: its volume increased at an average annual rate of +11.6% 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 +65.2% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 52%. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in the immediate term.
In value terms, processed petroleum oils and distillates imports stood at $15.7B in 2022. In general, imports saw a buoyant increase. The growth pace was the most rapid in 2021 when imports increased by 135% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the near future.
| Import of Processed Petroleum Oils and Distillates in Japan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | 4,029 | 2,737 | 4,490 | 5,601 | 11.6% |
| Qatar | 1,558 | N/A | 2,079 | 2,936 | 23.5% |
| Singapore | 192 | 134 | 292 | 853 | 64.4% |
| China | 663 | 551 | 501 | 831 | 7.8% |
| Peru | 214 | 117 | 733 | 813 | 56.0% |
| United States | 603 | 769 | 1,123 | 700 | 5.1% |
| Malaysia | 168 | 175 | 240 | 497 | 43.6% |
| India | 570 | 339 | 921 | 433 | -8.8% |
| United Arab Emirates | 353 | 143 | 231 | 311 | -4.1% |
| Taiwan (Chinese) | 383 | 174 | 35.4 | 142 | -28.2% |
| Russia | 554 | 420 | 373 | N/A | -17.9% |
| Saudi Arabia | N/A | N/A | 988 | N/A | 0% |
| Others | 863 | 615 | 2,481 | 2,595 | 44.3% |
| Total | 10,148 | 6,174 | 14,486 | 15,712 | 15.7% |
Top Suppliers of Processed Petroleum Oils and Distillates to Japan in 2022:
- South Korea (8.3M tons)
- Qatar (5.2M tons)
- Singapore (1.5M tons)
- United States (1.5M tons)
- Peru (1.4M tons)
- China (1.3M tons)
- India (0.8M tons)
- Malaysia (0.8M tons)
- United Arab Emirates (0.6M tons)
- Taiwan (Chinese) (0.3M tons)
Exports of Processed Petroleum Oils and Distillates in Japan
In 2022, approx. 16M tons of processed petroleum oils and distillates were exported from Japan; growing by 40% against 2021. Overall, exports, however, saw a perceptible downturn.
In value terms, processed petroleum oils and distillates exports skyrocketed to $14.6B in 2022. In general, exports showed a buoyant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Processed Petroleum Oils and Distillates in Japan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Australia | 3,050 | 902 | 1,102 | 2,899 | -1.7% |
| South Korea | 1,643 | 1,543 | 1,761 | 2,289 | 11.7% |
| Singapore | 737 | 736 | 1,162 | 2,039 | 40.4% |
| United States | 1,160 | 394 | 493 | 1,406 | 6.6% |
| Philippines | 209 | 49.1 | 217 | 1,083 | 73.0% |
| China | 1,013 | 447 | 348 | 896 | -4.0% |
| Chile | 713 | 113 | 364 | 842 | 5.7% |
| Malaysia | 474 | 482 | 685 | 697 | 13.7% |
| Others | 1,952 | 892 | 1,065 | 2,463 | 8.1% |
| Total | 10,952 | 5,558 | 7,197 | 14,615 | 10.1% |
Top Export Markets for Processed Petroleum Oils and Distillates from Japan in 2022:
- Australia (3.1M tons)
- Singapore (2.8M tons)
- South Korea (2.6M tons)
- United States (1.4M tons)
- China (1.4M tons)
- Philippines (1.1M tons)
- Malaysia (0.8M tons)
- Chile (0.8M tons)
This report provides an in-depth analysis of the market for processed petroleum oils and distillates in Japan. 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:
- Japan
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Japan
- 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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