New Zealand - 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 New Zealand - 2023
Contents:
- Price for Processed Petroleum Oils and Distillates in New Zealand (CIF) - 2022
- Price for Processed Petroleum Oils and Distillates in New Zealand (FOB) - 2022
- Imports of Processed Petroleum Oils and Distillates in New Zealand
- Exports of Processed Petroleum Oils and Distillates in New Zealand
Price for Processed Petroleum Oils and Distillates in New Zealand (CIF) - 2022
In 2022, the average import price for processed petroleum oils and distillates amounted to $450 per ton, approximately equating the previous year. Overall, the import price, however, showed a deep reduction. The most prominent rate of growth was recorded in 2017 when the average import price increased by 61% against the previous year. The import price peaked at $1,074 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Australia ($1,057 per ton), while the price for Taiwan (Chinese) ($157 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (-4.2%), while the prices for the other major suppliers experienced a decline.
Price for Processed Petroleum Oils and Distillates in New Zealand (FOB) - 2022
The average export price for processed petroleum oils and distillates stood at $633 per ton in 2022, increasing by 8.5% against the previous year. Overall, the export price, however, showed a mild downturn. The most prominent rate of growth was recorded in 2019 when the average export price increased by 73%. As a result, the export price reached the peak level of $959 per ton. From 2020 to 2022, the average export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Niue ($1,191 per ton), while the average price for exports to Singapore ($560 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Niue (+2.4%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Processed Petroleum Oils and Distillates in New Zealand
In 2022, the amount of processed petroleum oils and distillates imported into New Zealand surged to 9M tons, rising by 197% against 2021. Over the period under review, imports showed a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, processed petroleum oils and distillates imports soared to $4.1B in 2022. Overall, imports posted a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Processed Petroleum Oils and Distillates in New Zealand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Singapore | 561 | 394 | 335 | 1,039 | 22.8% |
| South Korea | 611 | 507 | 512 | 1,025 | 18.8% |
| Malaysia | 29.4 | 16.9 | 13.1 | 261 | 107.1% |
| Japan | 184 | 76.8 | 45.9 | 160 | -4.6% |
| Brunei Darussalam | N/A | N/A | N/A | 45.6 | 0% |
| China | 55.7 | 8.7 | 8.4 | 42.0 | -9.0% |
| Taiwan (Chinese) | N/A | N/A | N/A | 40.4 | 0% |
| Australia | 78.7 | 49.1 | 27.5 | 22.3 | -34.3% |
| Others | 52.1 | 46.6 | 427 | 1,423 | 201.2% |
| Total | 1,572 | 1,099 | 1,369 | 4,058 | 37.2% |
Top Suppliers of Processed Petroleum Oils and Distillates to New Zealand in 2022:
- Australia (undefinedM tons)
- Singapore (2.3M tons)
- South Korea (2.3M tons)
- Malaysia (0.6M tons)
- Japan (0.4M tons)
- Taiwan (Chinese) (0.3M tons)
- Brunei Darussalam (0.1M tons)
- China (0.1M tons)
Exports of Processed Petroleum Oils and Distillates in New Zealand
In 2022, the amount of processed petroleum oils and distillates exported from New Zealand skyrocketed to 183K tons, with an increase of 42% on 2021. Overall, exports posted a significant increase. The pace of growth was the most pronounced in 2021 with an increase of 324% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, processed petroleum oils and distillates exports soared to $116M in 2022. In general, exports posted a significant increase. The pace of growth appeared the most rapid in 2021 when exports increased by 326%. Over the period under review, the exports attained the peak figure in 2022 and are likely to see gradual growth in years to come.
| Export of Processed Petroleum Oils and Distillates in New Zealand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Australia | 33.9 | 2.6 | 15.8 | 49.7 | 13.6% |
| Singapore | 0.2 | 3.8 | 46.7 | 45.4 | 510.0% |
| Cook Islands | 5.7 | 3.8 | 3.6 | 8.6 | 14.7% |
| Niue | 2.5 | 1.3 | 1.2 | 3.7 | 14.0% |
| Marshall Islands | 1.8 | 1.6 | 0.7 | 2.4 | 10.1% |
| Others | 6.5 | 4.6 | 7.1 | 6.1 | -2.1% |
| Total | 50.5 | 17.6 | 75.1 | 116 | 31.9% |
Top Export Markets for Processed Petroleum Oils and Distillates from New Zealand in 2022:
- Australia (85.1K tons)
- Singapore (81.0K tons)
- Cook Islands (7.4K tons)
- Niue (3.1K tons)
- Marshall Islands (2.1K tons)
This report provides an in-depth analysis of the market for processed petroleum oils and distillates in New Zealand. 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:
- New Zealand
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in New Zealand
- 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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