Singapore - Processed Petroleum Oils and Distillates - Market Analysis, Forecast, Size, Trends And Insights
Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.
View PricingPrice for Processed Petroleum Oils and Distillates in Singapore - 2022
Contents:
- Price for Processed Petroleum Oils and Distillates in Singapore (CIF) - 2022
- Price for Processed Petroleum Oils and Distillates in Singapore (FOB) - 2022
- Imports of Processed Petroleum Oils and Distillates in Singapore
- Exports of Processed Petroleum Oils and Distillates in Singapore
Price for Processed Petroleum Oils and Distillates in Singapore (CIF) - 2022
In September 2022, the average import price for processed petroleum oils and distillates amounted to $966 per ton, dropping by -11.4% against the previous month. Over the period from January 2022 to September 2022, it increased at an average monthly rate of +2.0%. The growth pace was the most rapid in March 2022 an increase of 13% against the previous month. Over the period under review, average import prices attained the peak figure at $1,284 per ton in June 2022; however, from July 2022 to September 2022, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In September 2022, the country with the highest price was Taiwan (Chinese) ($1,400 per ton), while the price for Malaysia ($856 per ton) was amongst the lowest.
From January 2022 to September 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+4.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Processed Petroleum Oils and Distillates in Singapore (FOB) - 2022
The average export price for processed petroleum oils and distillates stood at $1,305 per ton in September 2022, reducing by -7.4% against the previous month. In general, export price indicated a temperate increase from January 2022 to September 2022: its price increased at an average monthly rate of +3.8% over the last eight months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on September 2022 figures, processed petroleum oils and distillates export price decreased by -21.9% against June 2022 indices. The most prominent rate of growth was recorded in April 2022 when the average export price increased by 24% against the previous month. Over the period under review, the average export prices reached the peak figure at $1,671 per ton in June 2022; however, from July 2022 to September 2022, the export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was New Zealand ($1,553 per ton), while the average price for exports to South Korea ($641 per ton) was amongst the lowest.
From January 2022 to September 2022, the most notable rate of growth in terms of prices was recorded for supplies to New Zealand (+5.7%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Processed Petroleum Oils and Distillates in Singapore
In 2022, processed petroleum oils and distillates imports into Singapore reduced to 41M tons, waning by -10.9% compared with the previous year's figure. In general, imports continue to indicate a dramatic slump. The smallest decline of -6.1% was in 2020.
In value terms, processed petroleum oils and distillates imports surged to $44.7B in 2022. Overall, imports saw a relatively flat trend pattern.
| Import of Processed Petroleum Oils and Distillates in Singapore (Billion USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malaysia | 10.6 | 8.6 | 5.6 | 11.1 | 1.5% |
| China | 7.9 | 5.2 | 2.6 | 5.8 | -9.8% |
| South Korea | 3.3 | 1.8 | 1.8 | 5.0 | 14.9% |
| Brazil | 0.5 | 1.1 | 1.0 | 3.2 | 85.7% |
| India | 2.9 | 2.2 | 1.5 | 2.7 | -2.4% |
| Taiwan (Chinese) | 1.8 | 0.7 | 0.9 | 2.3 | 8.5% |
| Japan | 0.7 | 0.7 | 0.6 | 1.8 | 37.0% |
| Saudi Arabia | 1.7 | 1.0 | 0.6 | 1.4 | -6.3% |
| Thailand | 1.4 | 0.7 | 0.6 | 1.3 | -2.4% |
| Brunei Darussalam | 0.1 | 0.4 | 0.4 | 1.2 | 128.9% |
| Indonesia | 0.3 | 0.4 | 0.4 | 1.0 | 49.4% |
| Qatar | 0.4 | 0.6 | 0.6 | 0.9 | 31.0% |
| Russia | 4.1 | 1.2 | 0.8 | 0.9 | -39.7% |
| Others | 10.2 | 6.5 | 4.6 | 6.1 | -15.7% |
| Total | 45.9 | 31.2 | 21.9 | 44.7 | -0.9% |
Top Suppliers of Processed Petroleum Oils and Distillates to Singapore in 2022:
- Malaysia (11.9M tons)
- China (4.3M tons)
- South Korea (3.8M tons)
- Brazil (3.0M tons)
- India (2.3M tons)
- Japan (1.7M tons)
- Taiwan (Chinese) (1.6M tons)
- Saudi Arabia (1.5M tons)
- Thailand (1.2M tons)
- Russia (1.1M tons)
- Indonesia (1.0M tons)
- Brunei Darussalam (1.0M tons)
- Qatar (0.8M tons)
Exports of Processed Petroleum Oils and Distillates in Singapore
In 2022, overseas shipments of processed petroleum oils and distillates were finally on the rise to reach 33M tons for the first time since 2019, thus ending a two-year declining trend. In general, exports, however, showed a sharp curtailment.
In value terms, processed petroleum oils and distillates exports soared to $43.3B in 2022. Over the period under review, exports, however, showed a mild decline.
| Export of Processed Petroleum Oils and Distillates in Singapore (Billion USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malaysia | 10.8 | 5.6 | 3.5 | 8.7 | -7.0% |
| Indonesia | 7.8 | 3.9 | 2.9 | 6.7 | -4.9% |
| Australia | 4.1 | 2.4 | 2.6 | 5.7 | 11.6% |
| Myanmar | 2.7 | 1.8 | 0.9 | 2.7 | 0.0% |
| United States | 1.4 | 1.4 | 1.1 | 2.2 | 16.3% |
| Bangladesh | 0.9 | 0.9 | 0.7 | 1.7 | 23.6% |
| China | 3.0 | 1.5 | 0.9 | 1.7 | -17.2% |
| New Zealand | 0.6 | 0.4 | 0.2 | 1.6 | 38.7% |
| Philippines | 1.0 | 0.9 | 0.7 | 1.5 | 14.5% |
| Vietnam | 1.5 | 0.7 | 0.4 | 1.4 | -2.3% |
| Hong Kong SAR | 2.5 | 1.2 | 0.7 | 0.9 | -28.9% |
| Thailand | 1.2 | 0.7 | 0.3 | 0.7 | -16.4% |
| Japan | 0.2 | 0.1 | 0.1 | 0.5 | 35.7% |
| Others | 8.0 | 5.9 | 3.3 | 7.3 | -3.0% |
| Total | 45.9 | 27.4 | 18.6 | 43.3 | -1.9% |
Top Export Markets for Processed Petroleum Oils and Distillates from Singapore in 2022:
- Malaysia (7.0M tons)
- Indonesia (4.8M tons)
- Australia (4.0M tons)
- Myanmar (2.4M tons)
- Bangladesh (1.7M tons)
- China (1.5M tons)
- Philippines (1.2M tons)
- New Zealand (1.1M tons)
- Vietnam (1.0M tons)
- Hong Kong SAR (0.8M tons)
- United States (0.7M tons)
- Thailand (0.6M tons)
- Japan (0.5M tons)
This report provides an in-depth analysis of the market for processed petroleum oils and distillates in Singapore. 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:
- Singapore
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Singapore
- 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
- 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
-
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
-
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
-
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
-
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
-
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
-
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
410
This report provides an in-depth analysis of the market for processed petroleum oils and distillates in Singapore.
376
This report provides an in-depth analysis of the ammonium chloride market in Singapore.
291
This report provides an in-depth analysis of the market for gas and smoke analyser in Singapore.
424
This report provides an in-depth analysis of the fork-lift truck market in Singapore.
175
This report provides an in-depth analysis of the market for crude oil and processed petroleum in Singapore.
720
This report provides an in-depth analysis of the global market for processed petroleum oils and distillates.
826
This report provides an in-depth analysis of the global ammonium chloride market.
577
This report provides an in-depth analysis of the global market for gas and smoke analyser.
289
This report provides an in-depth analysis of the global fork-lift truck market.
134
This report provides an in-depth analysis of the global market for crude oil and processed petroleum.
