Report Update: May 1, 2024

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

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Price for Processed Petroleum Oils and Distillates in Spain - 2023

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

The average export price for processed petroleum oils and distillates stood at $833 per ton in July 2023, growing by 4.8% against the previous month. Overall, the export price, however, showed a slight reduction. The growth pace was the most rapid in January 2023 when the average export price increased by 21% against the previous month. The export price peaked at $1,015 per ton in July 2022; however, from August 2022 to July 2023, the export prices stood at a somewhat lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was Belgium ($1,596 per ton), while the average price for exports to Brazil ($677 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 Belgium (+5.5%), while the prices for the other major destinations experienced more modest paces of growth.

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

In 2022, the average import price for processed petroleum oils and distillates amounted to $379 per ton, remaining relatively unchanged against the previous year. In general, the import price saw a abrupt descent. The pace of growth was the most pronounced in 2018 an increase of 35%. Over the period under review, average import prices attained the peak figure at $984 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat 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 Belgium ($578 per ton), while the price for Sweden ($262 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (-6.5%), while the prices for the other major suppliers experienced a decline.

Exports of Processed Petroleum Oils and Distillates in Spain

Processed petroleum oils and distillates exports from Spain skyrocketed to 50M tons in 2022, with an increase of 52% on the year before. Over the period under review, exports saw a significant expansion. The pace of growth was the most pronounced in 2021 with an increase of 63% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in years to come.

In value terms, processed petroleum oils and distillates exports surged to $19.5B in 2022. In general, exports showed resilient growth. The growth pace was the most rapid in 2021 when exports increased by 63% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.

Export of Processed Petroleum Oils and Distillates in Spain (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
France	1,858	1,441	1,858	2,675	12.9%
United States	1,904	715	1,276	2,608	11.1%
Netherlands	1,347	728	1,037	2,596	24.4%
Morocco	1,432	895	1,628	2,270	16.6%
Portugal	1,032	695	1,213	2,106	26.8%
Italy	949	472	971	1,071	4.1%
Mauritania	343	300	501	862	36.0%
Brazil	680	408	541	611	-3.5%
Senegal	165	182	227	568	51.0%
Japan	140	39.3	470	410	43.1%
Malta	173	152	233	319	22.6%
Greece	211	94.3	256	310	13.7%
Belgium	224	165	319	285	8.4%
Others	2,350	1,549	2,253	2,786	5.8%
Total	12,809	7,834	12,783	19,477	15.0%

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

United States (8.4M tons)
Netherlands (6.6M tons)
France (6.5M tons)
Morocco (5.3M tons)
Portugal (4.7M tons)
Italy (2.8M tons)
Mauritania (2.3M tons)
Brazil (1.5M tons)
Senegal (1.3M tons)
Japan (1.2M tons)
Greece (1.1M tons)
Malta (0.9M tons)
Belgium (0.8M tons)

Imports of Processed Petroleum Oils and Distillates in Spain

In 2022, processed petroleum oils and distillates imports into Spain soared to 24M tons, picking up by 32% against the year before. Overall, imports recorded prominent growth. The pace of growth was the most pronounced in 2021 with an increase of 86%. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in years to come.

In value terms, processed petroleum oils and distillates imports skyrocketed to $9.1B in 2022. Over the period under review, imports continue to indicate strong growth. The most prominent rate of growth was recorded in 2021 when imports increased by 86% against the previous year. Imports peaked in 2022 and are likely to continue growth in the near future.

Import of Processed Petroleum Oils and Distillates in Spain (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Italy	1,148	810	1,689	1,886	18.0%
Netherlands	841	343	898	1,749	27.6%
Portugal	492	357	713	800	17.6%
Greece	173	97.1	173	749	63.0%
France	286	135	411	602	28.2%
Turkey	566	143	80.4	548	-1.1%
Brazil	63.2	19.6	18.7	406	85.9%
United Kingdom	282	187	221	360	8.5%
Belgium	69.6	81.6	204	323	66.8%
India	624	70.3	158	240	-27.3%
United States	597	267	146	209	-29.5%
Colombia	105	56.3	73.5	192	22.3%
Sweden	245	127	334	145	-16.0%
Others	2,053	996	1,750	856	-25.3%
Total	7,544	3,691	6,869	9,063	6.3%

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

Italy (5.3M tons)
Netherlands (4.0M tons)
Portugal (2.3M tons)
Turkey (1.9M tons)
Greece (1.9M tons)
France (1.7M tons)
Brazil (1.3M tons)
United Kingdom (0.9M tons)
United States (0.7M tons)
Sweden (0.6M tons)
Belgium (0.6M tons)
India (0.5M tons)
Colombia (0.5M tons)

Source: IndexBox Market Intelligence Platform

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

Spain

Data coverage:

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