Report Africa - Processed Petroleum Oils and Distillates - Market Analysis, Forecast, Size, Trends and Insights for 499$
Latest Report Update: Jan 18, 2023

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

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Africa: Market for Processed Petroleum Oils and Distillates 2023

Market Size for Processed Petroleum Oils and Distillates in Africa

In 2021, after nine years of growth, there was significant decline in the African market for processed petroleum oils and distillates, when its value decreased by -19.4% to $X. Over the period under review, consumption, however, posted significant growth. The level of consumption peaked at $X in 2020, and then dropped rapidly in the following year.

Production of Processed Petroleum Oils and Distillates in Africa

In value terms, processed petroleum oils and distillates production declined to $X in 2021 estimated in export price. In general, production, however, saw a deep contraction. The pace of growth was the most pronounced in 2018 with an increase of 8.9% against the previous year. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Exports of Processed Petroleum Oils and Distillates

Exports in Africa

Processed petroleum oils and distillates exports soared to X tons in 2021, growing by 16% against 2020 figures. Over the period under review, exports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2013 when exports increased by 23%. The volume of export peaked at X tons in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

In value terms, processed petroleum oils and distillates exports soared to $X in 2021. In general, exports, however, recorded a abrupt slump. The level of export peaked at $X in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

Exports by Country

In 2021, Algeria (X tons) was the key exporter of processed petroleum oils and distillates, mixing up 48% of total exports. Egypt (X tons) held a 17% share (based on physical terms) of total exports, which put it in second place, followed by South Africa (13%). The following exporters - Senegal (X tons), Libya (X tons), Cote d'Ivoire (X tons), Kenya (X tons) and Nigeria (X tons) - together made up 14% of total exports.

Algeria experienced a relatively flat trend pattern with regard to volume of exports of processed petroleum oils and distillates. At the same time, Kenya (+46.0%), Senegal (+26.9%), Egypt (+13.7%) and South Africa (+10.4%) displayed positive paces of growth. Moreover, Kenya emerged as the fastest-growing exporter exported in Africa, with a CAGR of +46.0% from 2012-2021. By contrast, Cote d'Ivoire (-4.2%), Libya (-11.5%) and Nigeria (-15.6%) illustrated a downward trend over the same period. Egypt (+12 p.p.), South Africa (+7.3 p.p.), Senegal (+3.6 p.p.) and Kenya (+1.7 p.p.) significantly strengthened its position in terms of the total exports, while Nigeria and Libya saw its share reduced by -6.3% and -8.2% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Algeria ($X), Egypt ($X) and South Africa ($X) constituted the countries with the highest levels of exports in 2021, with a combined 80% share of total exports. Senegal, Libya, Cote d'Ivoire, Kenya and Nigeria lagged somewhat behind, together accounting for a further 12%.

In terms of the main exporting countries, Senegal, with a CAGR of +17.9%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the export price in Africa amounted to $X per ton, growing by 22% against the previous year. Over the period under review, the export price, however, saw a deep reduction. The most prominent rate of growth was recorded in 2018 when the export price increased by 23%. Over the period under review, the export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was Egypt ($X per ton), while Nigeria ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Egypt (-2.5%), while the other leaders experienced a decline in the export price figures.

Imports of Processed Petroleum Oils and Distillates

Imports in Africa

In 2021, purchases abroad of processed petroleum oils and distillates decreased by -13.9% to X tons, falling for the second consecutive year after two years of growth. The total import volume increased at an average annual rate of +2.0% from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The pace of growth appeared the most rapid in 2013 with an increase of 21% against the previous year. Over the period under review, imports reached the maximum at X tons in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

In value terms, processed petroleum oils and distillates imports totaled $X in 2021. Overall, imports recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2018 with an increase of 29% against the previous year. Over the period under review, imports attained the peak figure at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

The countries with the highest levels of processed petroleum oils and distillates imports in 2021 were Morocco (X tons), Nigeria (X tons), Egypt (X tons), Togo (X tons), Mozambique (X tons), Libya (X tons), Tunisia (X tons), Liberia (X tons), Senegal (X tons), Tanzania (X tons), Kenya (X tons) and Swaziland (X tons), together recording 79% of total import. Algeria (X tons) held a relatively small share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Swaziland (with a CAGR of +147.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Morocco ($X), Nigeria ($X) and Egypt ($X) constituted the countries with the highest levels of imports in 2021, with a combined 32% share of total imports. These countries were followed by Mozambique, Libya, Togo, Tunisia, Tanzania, Senegal, Liberia, Algeria, Kenya and Swaziland, which together accounted for a further 47%.

Mozambique, with a CAGR of +11.3%, 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 leaders experienced mixed trends in the imports figures.

Import Prices by Country

In 2021, the import price in Africa amounted to $X per ton, increasing by 17% against the previous year. Overall, the import price, however, saw a deep reduction. The pace of growth was the most pronounced in 2018 an increase of 22%. The level of import peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Tanzania ($X per ton), while Swaziland ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Tanzania (-3.6%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Market Intelligence Platform

Base Year Historical Period Forecast Period Units
2022 2012-2022 2023-2030 US$, Tons

Frequently Asked Questions (FAQ) :

What are the largest markets for processed petroleum oils and distillates in Africa?
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The countries with the highest volumes of consumption in 2021 were Egypt, Algeria and South Africa, together accounting for 50% of total consumption. Morocco, Nigeria, Libya, Tunisia, Togo, Sudan, Mozambique, Liberia, Senegal and Cote d'Ivoire lagged somewhat behind, together comprising a further 35%.
What are the largest producers of processed petroleum oils and distillates in Africa?
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The countries with the highest volumes of production in 2021 were Algeria, Egypt and South Africa, together comprising 80% of total production.
What are the leading exporters of processed petroleum oils and distillates in Africa?
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In value terms, the largest processed petroleum oils and distillates supplying countries in Africa were Algeria, Egypt and South Africa, with a combined 80% share of total exports. These countries were followed by Senegal, Libya, Cote d'Ivoire, Kenya and Nigeria, which together accounted for a further 12%.
What are the leading importers of processed petroleum oils and distillates in Africa?
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In value terms, the largest processed petroleum oils and distillates importing markets in Africa were Morocco, Nigeria and Egypt, together accounting for 32% of total imports. These countries were followed by Mozambique, Libya, Togo, Tunisia, Tanzania, Senegal, Liberia, Algeria, Kenya and Swaziland, which together accounted for a further 47%.
What is the average export price for processed petroleum oils and distillates in Africa?
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In 2021, the export price in Africa amounted to $598 per ton, rising by 22% against the previous year.
What is the average import price for processed petroleum oils and distillates in Africa?
+
The import price in Africa stood at $453 per ton in 2021, increasing by 17% against the previous year.

This report provides an in-depth analysis of the market for processed petroleum oils and distillates in 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:
• Benin
• Botswana
• Burkina Faso
• Burundi
• Cabo Verde
• Cameroon
• Central African Republic
• Chad
• Comoros
• Congo
• Cote d'Ivoire
• Democratic Republic of the Congo
• Djibouti
• Equatorial Guinea
• Eritrea
• Ethiopia
• Gabon
• Gambia
• Guinea
• Guinea-Bissau
• Lesotho
• Liberia
• Madagascar
• Malawi
• Mali
• Mauritania
• Mauritius
• Mayotte
• Mozambique
• Namibia
• Reunion
• Rwanda
• Saint Helena, Ascension and Tristan da Cunha
• Sao Tome and Principe
• Senegal
• Seychelles
• Sierra Leone
• Somalia
• South Sudan
• Swaziland
• Tanzania
• Togo
• Tunisia
• Uganda
• Western Sahara
• Zambia
• Zimbabwe

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Production in Africa, split by region and country
• Trade (exports and imports) in Africa
• 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. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
REPORT DESCRIPTION
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
CONSUMPTION BY COUNTRY
3.3
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
7.2
PRODUCTION BY COUNTRY
8. IMPORTS

The Largest Importers on The Market and How They Succeed

8.1
IMPORTS FROM 2012–2022
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Exporters on The Market and How They Succeed

9.1
EXPORTS FROM 2012–2022
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

11. COUNTRY PROFILES

The Largest Markets And Their Profiles

• Algeria
• Angola
• Benin
• Botswana
• Burkina Faso
• Burundi
• Cabo Verde
• Cameroon
• Central African Republic
• Chad
• Comoros
• Congo
• Democratic Republic of the Congo
• Djibouti
• Egypt
• Equatorial Guinea
• Eritrea
• Ethiopia
• Gabon
• Gambia
• Ghana
• Guinea
• Guinea-Bissau
• Kenya
• Lesotho
• Liberia
• Libya
• Madagascar
• Malawi
• Mali
• Mauritania
• Mauritius
• Mayotte
• Morocco
• Mozambique
• Namibia
• Niger
• Nigeria
• Reunion
• Rwanda
• Saint Helena, Ascension and Tristan da Cunha
• Sao Tome and Principe
• Senegal
• Seychelles
• Sierra Leone
• Somalia
• South Africa
• Sudan
• Swaziland
• Tanzania
• Togo
• Tunisia
• Uganda
• Zambia
• Zimbabwe
• Cote d'Ivoire
• Western Sahara
• South Sudan
LIST OF TABLES
Table 1:
Key Findings In 2022
Table 2:
Market Volume, In Physical Terms, 2012–2022
Table 3:
Market Value, 2012–2022
Table 4:
Per Capita Consumption, By Country, 2018–2022
Table 5:
Production, In Physical Terms, By Country, 2012–2022
Table 6:
Imports, In Physical Terms, By Country, 2012–2022
Table 7:
Imports, In Value Terms, By Country, 2012–2022
Table 8:
Import Prices, By Country Of Destination, 2012–2022
Table 9:
Exports, In Physical Terms, By Country, 2012–2022
Table 10:
Exports, In Value Terms, By Country, 2012–2022
Table 11:
Export Prices, By Country Of Origin, 2012–2022
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2012–2022
Figure 2:
Market Value, 2012–2022
Figure 3:
Consumption, By Country, 2022
Figure 4:
Market Forecast To 2030
Figure 5:
Products: Market Size And Growth, By Type
Figure 6:
Products: Average Per Capita Consumption, By Type
Figure 7:
Products: Exports And Growth, By Type
Figure 8:
Products: Export Prices And Growth, By Type
Figure 9:
Production Volume And Growth
Figure 10:
Exports And Growth
Figure 11:
Export Prices And Growth
Figure 12:
Market Size And Growth
Figure 13:
Per Capita Consumption
Figure 14:
Imports And Growth
Figure 15:
Import Prices
Figure 16:
Production, In Physical Terms, 2012–2022
Figure 17:
Production, In Value Terms, 2012–2022
Figure 18:
Production, By Country, 2022
Figure 19:
Production, In Physical Terms, By Country, 2012–2022
Figure 20:
Imports, In Physical Terms, 2012–2022
Figure 21:
Imports, In Value Terms, 2012–2022
Figure 22:
Imports, In Physical Terms, By Country, 2022
Figure 23:
Imports, In Physical Terms, By Country, 2012–2022
Figure 24:
Imports, In Value Terms, By Country, 2012–2022
Figure 25:
Import Prices, By Country, 2012–2022
Figure 26:
Exports, In Physical Terms, 2012–2022
Figure 27:
Exports, In Value Terms, 2012–2022
Figure 28:
Exports, In Physical Terms, By Country, 2022
Figure 29:
Exports, In Physical Terms, By Country, 2012–2022
Figure 30:
Exports, In Value Terms, By Country, 2012–2022
Figure 31:
Export Prices, 2012–2022
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