Report Update: May 1, 2024

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

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Price for Processed Petroleum Oils and Distillates in South Africa - 2023

Price for Processed Petroleum Oils and Distillates in South Africa (CIF) - 2022

In 2022, the average import price for processed petroleum oils and distillates amounted to $618 per ton, remaining constant against the previous year. Over the period under review, the import price, however, continues to indicate a abrupt decrease. The pace of growth appeared the most rapid in 2021 an increase of 195% against the previous year. Over the period under review, average import prices attained the peak figure at $1,167 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the Netherlands ($780 per ton), while the price for Brazil ($402 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (-3.6%), while the prices for the other major suppliers experienced a decline.

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

In July 2023, the average export price for processed petroleum oils and distillates amounted to $1,149 per ton, growing by 45% against the previous month. In general, the export price recorded a relatively flat trend pattern. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by the country of destination: the country with the highest price was Mauritius ($3,631 per ton), while the average price for exports to the United States ($608 per ton) was amongst the lowest.

From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Mauritius (+4.1%), while the prices for the other major destinations experienced a decline.

Imports of Processed Petroleum Oils and Distillates in South Africa

For the fourth year in a row, South Africa recorded growth in overseas purchases of processed petroleum oils and distillates, which increased by 124% to 22M tons in 2022. In general, imports continue to indicate significant growth. The pace of growth was the most pronounced in 2020 with an increase of 168% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the immediate term.

In value terms, processed petroleum oils and distillates imports surged to $13.7B in 2022. Over the period under review, imports enjoyed a significant increase. The growth pace was the most rapid in 2021 when imports increased by 291% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.

Import of Processed Petroleum Oils and Distillates in South Africa (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
India	379	410	1,143	3,889	117.3%
Turkey	0.8	42.2	195	1,173	1036.1%
Malaysia	131	46.9	169	938	92.7%
Singapore	213	57.9	73.1	809	56.0%
Netherlands	71.0	163	317	674	111.7%
China	65.7	10.5	14.5	575	106.1%
United Arab Emirates	81.0	88.0	140	433	74.9%
Belgium	18.5	18.4	103	334	162.3%
Brazil	10.2	2.8	23.4	297	207.6%
Italy	123	37.0	418	249	26.5%
South Korea	15.6	24.8	38.6	191	130.5%
United States	101	57.0	130	190	23.4%
Sweden	16.9	37.8	1.8	135	99.9%
Others	489	566	3,345	3,820	98.4%
Total	1,716	1,564	6,111	13,708	99.9%

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

India (5.8M tons)
Turkey (1.8M tons)
Malaysia (1.7M tons)
Singapore (1.4M tons)
China (1.1M tons)
Netherlands (0.9M tons)
Brazil (0.7M tons)
United Arab Emirates (0.7M tons)
Belgium (0.6M tons)
Italy (0.5M tons)
South Korea (0.4M tons)
United States (0.3M tons)
Sweden (0.3M tons)

Exports of Processed Petroleum Oils and Distillates in South Africa

In 2022, the amount of processed petroleum oils and distillates exported from South Africa skyrocketed to 3.7M tons, with an increase of 49% against 2021. Overall, exports, however, continue to indicate a relatively flat trend pattern.

In value terms, processed petroleum oils and distillates exports soared to $1.6B in 2022. In general, exports, however, saw a deep setback.

Export of Processed Petroleum Oils and Distillates in South Africa (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Botswana	744	443	527	721	-1.0%
Democratic Republic of the Congo	56.3	35.2	N/A	413	94.3%
Lesotho	198	107	122	153	-8.2%
Zimbabwe	77.0	51.2	82.9	73.3	-1.6%
Zambia	72.2	50.0	53.5	68.5	-1.7%
Mauritius	121	11.1	4.0	52.1	-24.5%
Namibia	341	110	64.2	38.2	-51.8%
Mozambique	100	25.8	27.5	36.4	-28.6%
United Arab Emirates	34.9	31.7	4.0	1.9	-62.1%
Swaziland	127	76.9	94.0	N/A	-14.0%
Others	201	123	125	82.0	-25.8%
Total	2,071	1,066	1,104	1,640	-7.5%

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

Botswana (1642.7K tons)
Democratic Republic of the Congo (922.1K tons)
Lesotho (383.5K tons)
Mauritius (164.5K tons)
Zimbabwe (119.3K tons)
Zambia (106.6K tons)
Namibia (93.6K tons)
Mozambique (72.2K tons)
United Arab Emirates (14.9K tons)

Source: IndexBox Market Intelligence Platform

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

South Africa

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in South Africa
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

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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
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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