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.


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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.

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
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South-Eastern Asia - Processed Petroleum Oils and Distillates - Market Analysis, Forecast, Size, Trends and Insights
$499

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

Eastern Asia - Processed Petroleum Oils and Distillates - Market Analysis, Forecast, Size, Trends and Insights
$499

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

Australia and Oceania - Processed Petroleum Oils and Distillates - Market Analysis, Forecast, Size, Trends and Insights
$499

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

Africa - Processed Petroleum Oils and Distillates - Market Analysis, Forecast, Size, Trends and Insights
$499

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

World - Processed Petroleum Oils and Distillates - Market Analysis, Forecast, Size, Trends and Insights
$499

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

Northern America - Processed Petroleum Oils and Distillates - Market Analysis, Forecast, Size, Trends and Insights
$499

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

Latin America and the Caribbean - Processed Petroleum Oils and Distillates - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the market for processed petroleum oils and distillates in Latin America and the Caribbean.

Middle East - Processed Petroleum Oils and Distillates - Market Analysis, Forecast, Size, Trends and Insights
$499

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

Southern Asia - Processed Petroleum Oils and Distillates - Market Analysis, Forecast, Size, Trends and Insights
$499

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

Central Asia - Processed Petroleum Oils and Distillates - Market Analysis, Forecast, Size, Trends and Insights
$499

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

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