Pakistan - 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 Pakistan - 2023
Contents:
- Price for Processed Petroleum Oils and Distillates in Pakistan (CIF) - 2023
- Price for Processed Petroleum Oils and Distillates in Pakistan (FOB) - 2023
- Imports of Processed Petroleum Oils and Distillates in Pakistan
- Exports of Processed Petroleum Oils and Distillates in Pakistan
Price for Processed Petroleum Oils and Distillates in Pakistan (CIF) - 2023
In February 2023, the average import price for processed petroleum oils and distillates amounted to $610 per ton, shrinking by -8.5% against the previous month. Over the period under review, the import price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in March 2022 when the average import price increased by 11% month-to-month. Over the period under review, average import prices reached the peak figure at $959 per ton in July 2022; however, from August 2022 to February 2023, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In February 2023, the country with the highest price was Kuwait ($818 per ton), while the price for Iran ($275 per ton) was amongst the lowest.
From February 2022 to February 2023, the most notable rate of growth in terms of prices was attained by Bahrain (+2.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Processed Petroleum Oils and Distillates in Pakistan (FOB) - 2023
The average export price for processed petroleum oils and distillates stood at $667 per ton in February 2023, growing by 1,057% against the previous month. Overall, the export price saw a slight increase. The export price peaked at $1,101 per ton in August 2022; however, from September 2022 to February 2023, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major export markets. In February 2023, the country with the highest price was Afghanistan ($860 per ton), while the average price for exports to the United Arab Emirates amounted to $571 per ton.
From February 2022 to February 2023, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+0.2%).
Imports of Processed Petroleum Oils and Distillates in Pakistan
Processed petroleum oils and distillates imports into Pakistan fell to 5.7M tons in 2022, declining by -7.3% on 2021. In general, imports, however, recorded a prominent increase. The most prominent rate of growth was recorded in 2021 with an increase of 138% against the previous year. As a result, imports attained the peak of 6.1M tons, and then shrank in the following year.
In value terms, processed petroleum oils and distillates imports skyrocketed to $6.1B in 2022. Over the period under review, imports, however, saw significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 254%. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the immediate term.
| Import of Processed Petroleum Oils and Distillates in Pakistan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 6.0 | 157 | 1,552 | 2,252 | 621.3% |
| United Arab Emirates | 971 | 469 | 721 | 1,458 | 14.5% |
| Singapore | 228 | 190 | 519 | 622 | 39.7% |
| Netherlands | 429 | 55.6 | 124 | 379 | -4.0% |
| South Korea | 57.3 | 66.2 | 114 | 119 | 27.6% |
| Malaysia | 73.4 | 74.9 | 148 | 40.8 | -17.8% |
| Others | 529 | 142 | 915 | 1,187 | 30.9% |
| Total | 2,294 | 1,155 | 4,093 | 6,058 | 38.2% |
Top Suppliers of Processed Petroleum Oils and Distillates to Pakistan in 2022:
- China (2199.3K tons)
- United Arab Emirates (1324.5K tons)
- Singapore (591.2K tons)
- Netherlands (306.6K tons)
- South Korea (87.6K tons)
- Malaysia (61.6K tons)
Exports of Processed Petroleum Oils and Distillates in Pakistan
In 2022, shipments abroad of processed petroleum oils and distillates was finally on the rise to reach 103K tons for the first time since 2019, thus ending a two-year declining trend. In general, exports, however, showed a precipitous curtailment.
In value terms, processed petroleum oils and distillates exports soared to $69M in 2022. Over the period under review, exports, however, continue to indicate a abrupt curtailment.
| Export of Processed Petroleum Oils and Distillates in Pakistan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 8.8 | 24.8 | 26.6 | 68.9 | 98.6% |
| Afghanistan | 66.3 | 5.9 | 0.3 | 0.3 | -83.5% |
| South Korea | 32.4 | 10.7 | N/A | N/A | -67.0% |
| China | 3.4 | 3.3 | N/A | N/A | -2.9% |
| India | 3.7 | N/A | N/A | N/A | 0% |
| Singapore | 3.9 | 0.6 | N/A | N/A | -84.6% |
| Oman | N/A | 22.2 | N/A | N/A | 0% |
| Others | 4.7 | 2.4 | 0.3 | N/A | -74.7% |
| Total | 123 | 69.8 | 27.2 | 69.2 | -17.4% |
Top Export Markets for Processed Petroleum Oils and Distillates from Pakistan in 2022:
- United Arab Emirates (102.7K tons)
- Afghanistan (0.2K tons)
This report provides an in-depth analysis of the market for processed petroleum oils and distillates in Pakistan. 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:
- Pakistan
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Pakistan
- 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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