Report Update: Apr 1, 2024

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

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Price for Processed Petroleum Oils and Distillates in Ukraine - 2023

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

The average import price for processed petroleum oils and distillates stood at $1,008 per ton in August 2023, picking up by 9.3% against the previous month. Over the period under review, the import price, however, showed a perceptible downturn. The import price peaked at $1,409 per ton in August 2022; however, from September 2022 to August 2023, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In August 2023, the highest price was recorded for prices from Romania ($1,087 per ton) and Poland ($1,051 per ton), while the price for the United Arab Emirates ($825 per ton) and India ($920 per ton) were amongst the lowest.

From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Bulgaria (-1.9%), while the prices for the other major suppliers experienced a decline.

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

In August 2023, the average export price for processed petroleum oils and distillates amounted to $2,068 per ton, with an increase of 61% against the previous month. Overall, the export price posted a measured increase. The growth pace was the most rapid in June 2023 an increase of 85% month-to-month. Over the period under review, the average export prices hit record highs at $2,977 per ton in September 2022; however, from October 2022 to August 2023, the export prices remained at a lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was Moldova ($3,267 per ton), while the average price for exports to Lithuania ($696 per ton) was amongst the lowest.

From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Moldova (-0.3%), while the prices for the other major destinations experienced a decline.

Imports of Processed Petroleum Oils and Distillates in Ukraine

In 2022, purchases abroad of processed petroleum oils and distillates decreased by -41.7% to 8.3M tons for the first time since 2018, thus ending a three-year rising trend. In general, imports, however, showed a resilient increase. The most prominent rate of growth was recorded in 2021 with an increase of 61% against the previous year. As a result, imports attained the peak of 14M tons, and then reduced remarkably in the following year.

In value terms, processed petroleum oils and distillates imports soared to $10.5B in 2022. Over the period under review, imports, however, continue to indicate a significant expansion. 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 Ukraine (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Poland	21.7	17.8	31.6	1,633	322.2%
Bulgaria	77.2	2.1	192	889	125.8%
Lithuania	496	322	829	613	7.3%
Moldova	5.0	5.3	13.0	555	380.6%
Turkey	202	181	438	497	35.0%
Romania	14.0	21.2	29.4	307	179.9%
Greece	108	80.9	273	243	31.0%
Russia	701	1,143	1,505	N/A	46.5%
Belarus	1,597	1,036	N/A	N/A	-35.1%
Others	1,079	762	2,455	5,732	74.5%
Total	4,300	3,571	5,765	10,469	34.5%

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

Poland (1.3M tons)
Bulgaria (0.7M tons)
Lithuania (0.5M tons)
Turkey (0.4M tons)
Moldova (0.4M tons)
Romania (0.3M tons)
Greece (0.2M tons)

Exports of Processed Petroleum Oils and Distillates in Ukraine

In 2022, the amount of processed petroleum oils and distillates exported from Ukraine contracted sharply to 288K tons, which is down by -16.3% on the previous year's figure. In general, exports recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of 15% against the previous year.

In value terms, processed petroleum oils and distillates exports contracted sharply to $72M in 2022. Over the period under review, exports continue to indicate a precipitous contraction. The growth pace was the most rapid in 2021 with an increase of 52% against the previous year.

Export of Processed Petroleum Oils and Distillates in Ukraine (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Lithuania	19.7	6.6	4.5	16.5	-5.7%
Turkey	5.8	5.0	16.9	12.0	27.4%
Estonia	3.0	4.2	30.3	6.2	27.4%
Hungary	31.7	10.9	4.0	3.7	-51.1%
Libya	4.7	3.5	4.2	2.6	-17.9%
Qatar	1.4	N/A	1.2	0.9	-13.7%
Ireland	10.6	4.6	2.4	0.9	-56.0%
Italy	8.6	0.3	0.6	0.4	-64.0%
Greece	55.7	10.3	8.6	0.2	-84.7%
Malta	26.2	3.7	19.5	0.1	-84.4%
Latvia	36.4	26.6	37.5	0.1	-86.0%
Others	63.2	52.5	65.0	28.3	-23.5%
Total	267	128	195	72.0	-35.4%

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

Lithuania (102.5K tons)
Turkey (40.7K tons)
Estonia (34.9K tons)
Hungary (21.0K tons)
Qatar (5.0K tons)
Libya (4.9K tons)
Ireland (4.9K tons)
Greece (3.6K tons)
Malta (1.1K tons)
Latvia (1.1K tons)
Italy (0.7K tons)

Source: IndexBox Market Intelligence Platform

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

Ukraine

Data coverage:

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