Report Update: Apr 1, 2024

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

Single report

Sent by email within 24h (Mon-Fri)

$599 Basic Edition

$2095 Professional Edition

What's the difference?

Subscription

Online access and download

from $350/month

Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.

View Pricing

Price for Processed Petroleum Oils and Distillates in Norway - 2023

Price for Processed Petroleum Oils and Distillates in Norway (FOB) - 2023

The average export price for processed petroleum oils and distillates stood at $843 per ton in September 2023, increasing by 1.5% against the previous month. In general, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in November 2022 an increase of 12% month-to-month. As a result, the export price reached the peak level of $1,022 per ton. From December 2022 to September 2023, the the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In September 2023, the country with the highest price was Sweden ($994 per ton), while the average price for exports to the Netherlands ($641 per ton) was amongst the lowest.

From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+5.8%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Processed Petroleum Oils and Distillates in Norway (CIF) - 2023

In September 2023, the average import price for processed petroleum oils and distillates amounted to $873 per ton, with an increase of 2.2% against the previous month. Overall, the import price, however, continues to indicate a noticeable downturn. The pace of growth was the most pronounced in February 2023 an increase of 13% m-o-m. The import price peaked at $1,131 per ton in September 2022; however, from October 2022 to September 2023, import prices remained at a lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was Belgium ($1,099 per ton), while the price for Sweden ($724 per ton) was amongst the lowest.

From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Russia (+1.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Processed Petroleum Oils and Distillates in Norway

Processed petroleum oils and distillates exports from Norway dropped notably to 8M tons in 2022, declining by -23.8% on the previous year's figure. In general, exports faced a abrupt contraction. The pace of growth appeared the most rapid in 2021 with an increase of 2.9% against the previous year.

In value terms, processed petroleum oils and distillates exports soared to $7.5B in 2022. Overall, total exports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +6.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +99.2% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 69%. Over the period under review, the exports attained the peak figure in 2022 and are likely to continue growth in years to come.

Export of Processed Petroleum Oils and Distillates in Norway (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Nigeria	579	661	1,202	1,634	41.3%
Sweden	479	394	543	1,230	36.9%
United States	682	130	752	842	7.3%
Netherlands	806	532	784	799	-0.3%
United Kingdom	598	270	623	681	4.4%
Iceland	303	218	371	660	29.6%
Belgium	517	335	641	528	0.7%
Germany	157	134	267	357	31.5%
Denmark	885	442	475	187	-40.4%
Others	1,189	633	679	550	-22.7%
Total	6,195	3,748	6,336	7,468	6.4%

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

Nigeria (1760.7K tons)
Netherlands (1087.8K tons)
Sweden (1067.3K tons)
United States (916.4K tons)
United Kingdom (685.9K tons)
Belgium (666.1K tons)
Iceland (590.3K tons)
Germany (381.3K tons)
Denmark (193.0K tons)

Imports of Processed Petroleum Oils and Distillates in Norway

In 2022, processed petroleum oils and distillates imports into Norway surged to 9.6M tons, jumping by 76% against 2021. In general, imports saw 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 $10.7B in 2022. Over the period under review, imports showed significant growth. 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 Norway (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Sweden	808	453	769	2,768	50.7%
Netherlands	193	122	144	1,442	95.5%
United States	83.9	69.9	123	400	68.3%
Denmark	81.7	57.8	76.3	201	35.0%
United Kingdom	29.1	13.0	31.7	185	85.3%
France	28.2	23.5	13.0	104	54.5%
Brazil	21.8	22.4	28.8	95.0	63.3%
Russia	187	85.9	197	N/A	2.6%
Others	1,385	882	1,163	5,461	58.0%
Total	2,818	1,730	2,547	10,656	55.8%

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

Sweden (2.4M tons)
Netherlands (1.4M tons)
United States (0.2M tons)
Denmark (0.2M tons)
United Kingdom (0.2M tons)
Brazil (0.1M tons)
France (0.1M tons)

Source: IndexBox Market Intelligence Platform

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

Norway

Data coverage:

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

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