Myanmar - 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 Myanmar - 2022
Contents:
- Price for Processed Petroleum Oils and Distillates in Myanmar (CIF) - 2022
- Price for Processed Petroleum Oils and Distillates in Myanmar (FOB) - 2022
- Imports of Processed Petroleum Oils and Distillates in Myanmar
- Exports of Processed Petroleum Oils and Distillates in Myanmar
Price for Processed Petroleum Oils and Distillates in Myanmar (CIF) - 2022
In December 2022, the average import price for processed petroleum oils and distillates amounted to $743 per ton, waning by -9.8% against the previous month. Overall, import price indicated a tangible increase from December 2021 to December 2022: its price increased at an average monthly rate of +2.3% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on December 2022 figures, processed petroleum oils and distillates import price decreased by -28.8% against June 2022 indices. The pace of growth was the most pronounced in March 2022 when the average import price increased by 20% m-o-m. The import price peaked at $1,043 per ton in June 2022; however, from July 2022 to December 2022, import prices stood at a somewhat lower figure.
Average prices varied noticeably amongst the major supplying countries. In December 2022, the highest price was recorded for prices from India ($907 per ton) and Thailand ($806 per ton), while the price for Singapore ($727 per ton) and Malaysia ($761 per ton) were amongst the lowest.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+2.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Processed Petroleum Oils and Distillates in Myanmar (FOB) - 2022
The average export price for processed petroleum oils and distillates stood at $2,613 per ton in December 2022, reducing by -20.4% against the previous month. Over the period under review, the export price, however, saw a strong increase. The pace of growth appeared the most rapid in September 2022 an increase of 114% m-o-m. Over the period under review, the average export prices attained the maximum at $4,228 per ton in October 2022; however, from November 2022 to December 2022, the export prices failed to regain momentum.
Average prices varied noticeably for the major export markets. In December 2022, the countries with the highest prices were Hong Kong SAR ($1,280 per ton) and Singapore ($1,278 per ton), while the average price for exports to China ($1,277 per ton) and the United States ($1,277 per ton) were amongst the lowest.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was recorded for supplies to South Africa (+5.1%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Processed Petroleum Oils and Distillates in Myanmar
In 2022, the amount of processed petroleum oils and distillates imported into Myanmar skyrocketed to 11M tons, rising by 89% against 2021 figures. Overall, imports posted a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, processed petroleum oils and distillates imports surged to $4.6B in 2022. In general, imports continue to indicate a strong expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.
Import of Processed Petroleum Oils and Distillates in Myanmar (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Singapore | 2,086 | 1,677 | 1,677 | 3,165 | 14.9% |
Thailand | 472 | 295 | 430 | 661 | 11.9% |
Malaysia | 40.8 | 95.6 | 194 | 596 | 144.5% |
China | 247 | 136 | 102 | 164 | -12.8% |
Others | 98.7 | 61.6 | 62.6 | 64.4 | -13.3% |
Total | 2,944 | 2,265 | 2,465 | 4,650 | 16.5% |
Top Suppliers of Processed Petroleum Oils and Distillates to Myanmar in 2022:
- Singapore (7.1M tons)
- Thailand (1.9M tons)
- Malaysia (1.6M tons)
- China (0.4M tons)
Exports of Processed Petroleum Oils and Distillates in Myanmar
In 2022, approx. 4.8K tons of processed petroleum oils and distillates were exported from Myanmar; growing by 137% compared with the previous year's figure. In general, exports, however, faced a dramatic downturn.
In value terms, processed petroleum oils and distillates exports soared to $1.9M in 2022. Overall, exports, however, continue to indicate a dramatic contraction.
Export of Processed Petroleum Oils and Distillates in Myanmar (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2020 | 2021 | 2022 | CAGR, 2020-2022 | |
South Korea | 0.3 | N/A | 0.7 | 52.8% | |
Hong Kong SAR | N/A | N/A | 0.7 | 0% | |
Singapore | 6.7 | 0.7 | 0.4 | -75.6% | |
Thailand | N/A | N/A | 0.1 | 0% | |
India | 5.3 | N/A | N/A | 0% | |
Philippines | N/A | N/A | N/A | 0% | |
Others | 1.6 | 0.1 | N/A | -93.8% | |
Total | 13.8 | 0.8 | 1.9 | -62.9% |
Top Export Markets for Processed Petroleum Oils and Distillates from Myanmar in 2022:
- Singapore (2807.8 tons)
- South Korea (1182.2 tons)
- Hong Kong SAR (550.6 tons)
- Thailand (86.3 tons)
- Philippines (71.1 tons)
This report provides an in-depth analysis of the market for processed petroleum oils and distillates in Myanmar. 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:
- Myanmar
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Myanmar
- 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
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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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