Argentina: Petroleum Market 2020

Petroleum Market Size in Argentina

The revenue of the petroleum market in Argentina amounted to $X in 2017, shrinking by -X% against the previous year. Overall, petroleum consumption continues to indicate a deep curtailment. The most prominent rate of growth was recorded in 2011, when market value increased by X% year-to-year. In that year, the petroleum market attained their peak level of $X. From 2012 to 2017, growth of the petroleum market stood at a somewhat lower level.

Petroleum Production in Argentina

In 2017, approx. X kg of petroleum were produced in Argentina; waning by -X% against the previous year. Overall, petroleum production continues to indicate a moderate contraction. The most prominent rate of growth was recorded in 2015, when it surged by X% year-to-year. Argentina petroleum production peaked of X tonnes in 2007; however, from 2008 to 2017, it stood at a somewhat lower level.

Petroleum Exports from Argentina

In 2017, exports of petroleum from Argentina stood at X tonnes, going up by X% against the previous year. In general, petroleum exports continue to indicate an abrupt decline. The most prominent rate of growth was recorded in 2017, when exports increased by X% against the previous year. Argentina exports peaked of X tonnes in 2007; however, from 2008 to 2017, it stood at a somewhat lower level.

In value terms, petroleum exports totaled $X in 2017. Overall, petroleum exports continue to indicate a drastic shrinkage. Argentina exports peaked of $X in 2007; however, from 2008 to 2017, it stood at a somewhat lower level.

Petroleum Exports by Country from Argentina

In 2017, the U.S. (X tonnes), followed by Russia (X tonnes), Singapore (X tonnes), the Netherlands (X tonnes), South Korea (X tonnes) and India (X tonnes) represented the key exporters of petroleum, together achieving X% of total exports. China (X tonnes), Belgium (X tonnes), Saudi Arabia (X tonnes), the United Arab Emirates (X tonnes), Canada (X tonnes) and Malaysia (X tonnes) took the weak share of total exports.

From 2007 to 2017, the most notable rate of growth in terms of exports, amongst the main exporting countries, was attained by the U.S. (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, the U.S. ($X), Russia ($X) and Singapore ($X) constituted the countries with the highest levels of exports in 2017, with a combined X% share of total exports.

The U.S. (+X% per year) recorded the highest rates of growth with regard to exports, in terms of the main exporting countries over the last decade, while the other leaders experienced more modest paces of growth.

Petroleum Export Prices by Country in Argentina

The petroleum export price in Argentina stood at $X per tonne in 2017, approximately equating the previous year. Overall, petroleum export price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2011, when it surged by X% y-o-y. Argentina export price peaked of $X per tonne in 2012; however, from 2013 to 2017, it stood at a somewhat lower level.

Export prices varied noticeably by the country of destination; the country with the highest export price was the United Arab Emirates ($X per tonne), while the U.S. ($X per tonne) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of export prices was attained by the United Arab Emirates (+X% per year), while the other leaders experienced more modest paces of growth.

Petroleum Imports into Argentina

In 2017, the amount of petroleum imported into Argentina stood at X tonnes, growing by X% against the previous year. Overall, petroleum imports continue to indicate a temperate increase. The pace of growth was the most pronounced in 2011, with an increase of X% against the previous year. In that year, the petroleum imports reached their peak volume of X tonnes. From 2012 to 2017, growth of the petroleum imports stood at a somewhat lower level.

In value terms, petroleum imports totaled $X in 2017. In general, petroleum imports continue to indicate a modest increase. In that year, the petroleum imports reached their peak level of $X. From 2012 to 2017, growth of the petroleum imports failed to regain its momentum.

Petroleum Imports by Country into Argentina

The U.S. (X tonnes) and Singapore (X tonnes) represented the main importers of petroleum in 2017, accounting for near X% and X% of total imports, respectively. It was followed by the Netherlands (X tonnes), mixed up X% share of total imports. Mexico (X tonnes), Belgium (X tonnes), Germany (X tonnes), Malaysia (X tonnes), France (X tonnes), China (X tonnes), the UK (X tonnes), Indonesia (X tonnes) and Canada (X tonnes) followed a long way behind the leaders.

From 2007 to 2017, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by Malaysia (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, the U.S. ($X), Singapore ($X) and the Netherlands ($X) constituted the countries with the highest levels of imports in 2017, with a combined X% share of total imports. Mexico, Germany, Belgium, France, the UK, Malaysia, Indonesia, China, Canada and Argentina lagged somewhat behind, together accounting for a further X%.

In terms of the main importing countries , Malaysia (+X% per year) recorded the highest growth rate of imports, over the last decade, while the other leaders experienced more modest paces of growth.

Petroleum Import Prices by Country in Argentina

The petroleum import price in Argentina stood at $X per tonne in 2017, picking up by X% against the previous year. In general, petroleum import price continues to indicate a slight decline. The most prominent rate of growth was recorded in 2008, when it surged by X% year-to-year. Over the period under review, the import prices for petroleum attained its peak figure level of $X per tonne in 2012; however, from 2013 to 2017, it stood at a somewhat lower level.

Average import prices varied somewhat amongst the major importing countries. In 2017, major importing countries recorded the following import prices: in the UK ($X per tonne) and Germany ($X per tonne), while China ($X per tonne) and Canada ($X per tonne) were amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by Singapore (+X% per year), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform