World - Processed Petroleum Oils and Distillates - Market Analysis, Forecast, Size, Trends And Insights
Report Update: Mar 3, 2024

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

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Processed Petroleum Oils and Distillates Market

Processed petroleum oils and distillates market: read the latest statistics powered by an Ai-driven business intelligence tool. Data contain production, imports, exports, trade, market prices, companies, consumption, and market size. There is a split by region, including China, the U.K., Latin America, Russia, the U.S., EU, the Middle East, and Africa. Market trends and outlook to 2030 are also featured in the dashboards.


Get FREE access to the latest REPORT on the Processed Petroleum Oils and Distillates Market. Make informed decisions with market maps on the DASHBOARD. Download datasets on the TABLE page.

Processed Petroleum Oils and Distillates - World's Largest Markets

RatingCountry
1United States
2Saudi Arabia
3Russia
4Iran
5Iraq

In value terms, the United States, Saudi Arabia and Russia appeared to be the countries with the highest levels of market value in 2020, with a combined 35% share of the global market. Iran, Iraq, China, Kuwait, Canada, the United Arab Emirates, Mexico, Brazil, Venezuela and India lagged somewhat behind, together accounting for a further 33%.

Kuwait saw the highest rates of growth with regard to market size, among the main consuming countries over the period under review, while processed petroleum oils and distillates market for the other global leaders experienced mixed trends in the market figures.

Processed Petroleum Oils and Distillates Prices

Lowest Prices - FOB - Top Exporters

COUNTRY201820192020CAGR,
2018-2020
USD per ton
Russia520468319-21.7%
Canada508497347-17.4%
Malaysia515534372-15.0%
Spain623558390-20.9%
South Korea662597398-22.5%
United Arab Emirates626539400-20.1%
United States477457407-7.6%
Saudi Arabia681575414-22.0%
Singapore612570415-17.7%
China601575416-16.8%
Netherlands664605431-19.4%
India644580434-17.9%
Belgium681614467-17.2%
Average591543403-17.4%

Average prices varied somewhat amongst the major exporting countries. In 2020, major exporting countries recorded the following prices: in Belgium ($467 per ton) and India ($434 per ton), while Russia ($319 per ton) and Canada ($347 per ton) were amongst the lowest.

From 2018 to 2020, the most notable rate of growth in terms of prices was attained by the United States, while the other global leaders experienced a decline in the export price figures.

Highest Prices - CIF - Top Importers

COUNTRY201820192020CAGR,
2018-2020
USD per ton
Japan650567464-15.5%
Germany672613449-18.3%
France648622448-16.9%
Belgium618567423-17.3%
China602561421-16.4%
South Korea604523406-18.0%
Netherlands602548403-18.2%
Malaysia581560395-17.5%
Australia565595364-19.7%
Mexico510493341-18.2%
Singapore508468339-18.3%
United States500474331-18.6%
Mozambique78458923-82.9%
Average585547394-17.9%

Prices varied noticeably by the country of destination; the country with the highest price was Japan ($464 per ton), while Mozambique ($23 per ton) was amongst the lowest.

From 2018 to 2020, the most notable rate of growth in terms of prices was attained by Japan, while the other global leaders experienced a decline in the import price figures.

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Processed Petroleum Oils and Distillates - Top Importers

COUNTRY201820192020CAGR,
2018-2020
billion USD
United States616236-23.1%
Singapore544631-24.2%
Netherlands292718-21.2%
Mexico313017-25.3%
France1423168.6%

In value terms, the United States ($36.3B), Singapore ($31.2B) and the Netherlands ($18.1B) were the countries with the highest levels of imports in 2020, with a combined 20% share of global imports. These countries were followed by Mexico, France, Belgium, Germany, Malaysia, South Korea, China, Australia, Japan and Mozambique, which together accounted for a further 28%.

France recorded the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other global leaders experienced mixed trends in the imports figures.

Processed Petroleum Oils and Distillates - Top Exporters

COUNTRY201820192020CAGR,
2018-2020
billion USD
United States968861-20.4%
Russia786745-24.0%
Netherlands474835-14.2%
Singapore524627-27.4%
India454026-24.3%

In value terms, the largest processed petroleum oils and distillates supplying countries worldwide were the United States ($60.7B), Russia ($45.1B) and the Netherlands ($34.9B), together accounting for 31% of global exports. Singapore, India, China, South Korea, the United Arab Emirates, Belgium, Saudi Arabia, Malaysia, Spain and Canada lagged somewhat behind, together accounting for a further 39%.

Belgium saw the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other global leaders experienced a decline in the exports figures.

Processed Petroleum Oils and Distillates - Market Forecast

Driven by rising demand for processed petroleum oils and distillates worldwide, the market is expected to start an upward consumption trend over the next decade. The performance of the market is forecast to increase slightly, with an anticipated CAGR of for the period from 2020 to 2030, which is projected to bring the market volume to by the end of 2030.

Processed Petroleum Oils and Distillates - Product Coverage

  • HS 2710 - Petroleum oils, oils from bituminous minerals, not crude; preparations n.e.s. containing less than 70% petroleum oils, oils from bituminous minerals; these being the basic constituents of the preparations

Source: IndexBox Market Intelligence Platform

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

    Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:

    + the largest producing countries

    Data coverage:

    • Global market volume and value
    • Per Capita consumption
    • Forecast of the market dynamics in the medium term
    • Global production, split by region and country
    • Global trade (exports and imports)
    • 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:

    1. How to diversify your business and benefit from new market opportunities
    2. How to load your idle production capacity
    3. How to boost your sales on overseas markets
    4. How to increase your profit margins
    5. How to make your supply chain more sustainable
    6. How to reduce your production and supply chain costs
    7. How to outsource production to other countries
    8. 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. 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. 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. 3. MARKET OVERVIEW

      Understanding the Current State of The Market and Its Prospects

      1. MARKET SIZE
      2. CONSUMPTION BY COUNTRY
      3. MARKET FORECAST TO 2030
    4. 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. 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. 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. 7. GLOBAL PRODUCTION

      The Latest Trends and Insights into The Industry

      1. PRODUCTION VOLUME AND VALUE
      2. PRODUCTION BY COUNTRY
    8. 8. GLOBAL IMPORTS

      The Largest Importers on The Market and How They Succeed

      1. IMPORTS FROM 2012–2023
      2. IMPORTS BY COUNTRY
      3. IMPORT PRICES BY COUNTRY
    9. 9. GLOBAL EXPORTS

      The Largest Exporters on The Market and How They Succeed

      1. EXPORTS FROM 2012–2023
      2. EXPORTS BY COUNTRY
      3. EXPORT PRICES BY COUNTRY
    10. 10. PROFILES OF MAJOR PRODUCERS

      The Largest Producers on The Market and Their Profiles

      This Chapter is Available Only for the Professional Edition PRO
    11. 11. COUNTRY PROFILES

      The Largest Markets And Their Profiles

      This Chapter is Available Only for the Professional Edition PRO
      • United States
      • China
      • Japan
      • Germany
      • United Kingdom
      • France
      • Brazil
      • Italy
      • Russian Federation
      • India
      • Canada
      • Australia
      • Republic of Korea
      • Spain
      • Mexico
      • Indonesia
      • Netherlands
      • Turkey
      • Saudi Arabia
      • Switzerland
      • Sweden
      • Nigeria
      • Poland
      • Belgium
      • Argentina
      • Norway
      • Austria
      • Thailand
      • United Arab Emirates
      • Colombia
      • Denmark
      • South Africa
      • Malaysia
      • Israel
      • Singapore
      • Egypt
      • Philippines
      • Finland
      • Chile
      • Ireland
      • Pakistan
      • Greece
      • Portugal
      • Kazakhstan
      • Algeria
      • Czech Republic
      • Qatar
      • Peru
      • Romania
      • Vietnam
    12. 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, By Country, 2018–2023
      5. Production, In Physical Terms, By Country, 2012–2023
      6. Imports, In Physical Terms, By Country, 2012–2023
      7. Imports, In Value Terms, By Country, 2012–2023
      8. Import Prices, By Country Of Destination, 2012–2023
      9. Exports, In Physical Terms, By Country, 2012–2023
      10. Exports, In Value Terms, By Country, 2012–2023
      11. Export Prices, By Country Of Origin, 2012–2023
    13. LIST OF FIGURES

      1. Market Volume, In Physical Terms, 2012–2023
      2. Market Value, 2012–2023
      3. Consumption, By Country, 2023
      4. Market Volume Forecast to 2030
      5. Market Value Forecast to 2030
      6. Products: Market Size And Growth, By Type
      7. Products: Average Per Capita Consumption, By Type
      8. Products: Exports And Growth, By Type
      9. Products: Export Prices And Growth, By Type
      10. Production Volume And Growth
      11. Exports And Growth
      12. Export Prices And Growth
      13. Market Size And Growth
      14. Per Capita Consumption
      15. Imports And Growth
      16. Import Prices
      17. Production, In Physical Terms, 2012–2023
      18. Production, In Value Terms, 2012–2023
      19. Production, By Country, 2023
      20. Production, In Physical Terms, By Country, 2012–2023
      21. Imports, In Physical Terms, 2012–2023
      22. Imports, In Value Terms, 2012–2023
      23. Imports, In Physical Terms, By Country, 2023
      24. Imports, In Physical Terms, By Country, 2012–2023
      25. Imports, In Value Terms, By Country, 2012–2023
      26. Import Prices, By Country, 2012–2023
      27. Exports, In Physical Terms, 2012–2023
      28. Exports, In Value Terms, 2012–2023
      29. Exports, In Physical Terms, By Country, 2023
      30. Exports, In Physical Terms, By Country, 2012–2023
      31. Exports, In Value Terms, By Country, 2012–2023
      32. Export Prices, 2012–2023
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