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

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

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Asia-Pacific: Market for Processed Petroleum Oils and Distillates 2023

Market Size for Processed Petroleum Oils and Distillates in Asia-Pacific

In 2021, the Asia-Pacific market for processed petroleum oils and distillates decreased by -10.1% to $X, falling for the third year in a row after two years of growth. In general, consumption saw a slight decrease. The pace of growth appeared the most rapid in 2018 with an increase of 7.2%. As a result, consumption reached the peak level of $X. From 2019 to 2021, the growth of the market remained at a somewhat lower figure.

Production of Processed Petroleum Oils and Distillates in Asia-Pacific

In value terms, processed petroleum oils and distillates production declined remarkably to $X in 2021 estimated in export price. In general, production faced a abrupt decrease. The most prominent rate of growth was recorded in 2018 with an increase of 15%. Over the period under review, production attained the peak level at $X in 2013; however, from 2014 to 2021, production stood at a somewhat lower figure.

Exports of Processed Petroleum Oils and Distillates

Exports in Asia-Pacific

In 2021, processed petroleum oils and distillates exports in Asia-Pacific expanded rapidly to X tons, with an increase of 15% against the previous year's figure. The total export volume increased at an average annual rate of +2.9% over the period from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, processed petroleum oils and distillates exports soared to $X in 2021. Over the period under review, exports, however, saw a perceptible contraction. The level of export peaked at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The biggest shipments were from India (X tons), Singapore (X tons), South Korea (X tons) and China (X tons), together amounting to 77% of total export. It was distantly followed by Malaysia (X tons), generating a 10% share of total exports. Taiwan (Chinese) (X tons) and Japan (X tons) held a little share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by China (with a CAGR of +10.6%), while the other leaders experienced more modest paces of growth.

In value terms, the largest processed petroleum oils and distillates supplying countries in Asia-Pacific were India ($X), Singapore ($X) and China ($X), with a combined 62% share of total exports.

China, with a CAGR of +4.7%, saw the highest growth rate of the value of exports, in terms of the main exporting countries 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 Asia-Pacific amounted to $X per ton, increasing by 33% against the previous year. Over the period under review, the export price, however, continues to indicate a abrupt contraction. 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 stood at a somewhat lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2021, major exporting countries recorded the following prices: in India ($X per ton) and Japan ($X per ton), while Taiwan (Chinese) ($X per ton) and Singapore ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (-3.8%), while the other leaders experienced a decline in the export price figures.

Imports of Processed Petroleum Oils and Distillates

Imports in Asia-Pacific

In 2021, supplies from abroad of processed petroleum oils and distillates was finally on the rise to reach X tons after two years of decline. The total import volume increased at an average annual rate of +2.8% from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2015 when imports increased by 11% against the previous year. The volume of import peaked in 2021 and is expected to retain growth in the near future.

In value terms, processed petroleum oils and distillates imports soared to $X in 2021. In general, imports, however, recorded a deep slump. The pace of growth was the most pronounced in 2017 when imports increased by 33%. Over the period under review, imports reached the maximum at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

Singapore was the largest importer of processed petroleum oils and distillates in Asia-Pacific, with the volume of imports recording X tons, which was approx. 25% of total imports in 2021. Australia (X tons) ranks second in terms of the total imports with a 9.8% share, followed by Indonesia (7.4%), Japan (6.9%), South Korea (6.3%), Hong Kong SAR (6.1%), Malaysia (5.5%), the Philippines (5.3%), India (4.9%) and China (4.7%).

Singapore experienced a relatively flat trend pattern with regard to volume of imports of processed petroleum oils and distillates. At the same time, India (+23.5%), the Philippines (+10.9%), Australia (+10.2%), South Korea (+7.8%), Japan (+3.8%) and Hong Kong SAR (+1.4%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing importer imported in Asia-Pacific, with a CAGR of +23.5% from 2012-2021. Indonesia experienced a relatively flat trend pattern. By contrast, Malaysia (-2.2%) and China (-5.7%) illustrated a downward trend over the same period. While the share of Australia (+4.6 p.p.), India (+4 p.p.), the Philippines (+2.6 p.p.) and South Korea (+2.2 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Indonesia (-1.7 p.p.), Malaysia (-3.1 p.p.), China (-5.5 p.p.) and Singapore (-6.4 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Singapore ($X) constitutes the largest market for imported processed petroleum oils and distillates in Asia-Pacific, comprising 25% of total imports. The second position in the ranking was taken by Australia ($X), with a 10% share of total imports. It was followed by South Korea, with a 7.3% share.

From 2012 to 2021, the average annual growth rate of value in Singapore stood at -7.4%. In the other countries, the average annual rates were as follows: Australia (-0.1% per year) and South Korea (+0.7% per year).

Import Prices by Country

The import price in Asia-Pacific stood at $X per ton in 2021, increasing by 8.5% against the previous year. Overall, the import price, however, saw a abrupt slump. The growth pace was the most rapid in 2017 an increase of 40%. 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 South Korea ($X per ton), while India ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (-6.6%), 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 Asia-Pacific?
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China constituted the country with the largest volume of processed petroleum oils and distillates consumption, comprising approx. 37% of total volume. Moreover, processed petroleum oils and distillates consumption in China exceeded the figures recorded by the second-largest consumer, India, threefold. Japan ranked third in terms of total consumption with an 11% share.
What are the largest producers of processed petroleum oils and distillates in Asia-Pacific?
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China constituted the country with the largest volume of processed petroleum oils and distillates production, accounting for 41% of total volume. Moreover, processed petroleum oils and distillates production in China exceeded the figures recorded by the second-largest producer, India, twofold. The third position in this ranking was taken by South Korea, with a 10% share.
What are the leading suppliers of processed petroleum oils and distillates in Asia-Pacific?
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In value terms, the largest processed petroleum oils and distillates supplying countries in Asia-Pacific were India, Singapore and China, with a combined 62% share of total exports.
What are the leading importers of processed petroleum oils and distillates in Asia-Pacific?
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In value terms, Singapore constitutes the largest market for imported processed petroleum oils and distillates in Asia-Pacific, comprising 25% of total imports. The second position in the ranking was held by Australia, with a 10% share of total imports. It was followed by South Korea, with a 7.3% share.
What is the average export price for processed petroleum oils and distillates in Asia-Pacific?
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The export price in Asia-Pacific stood at $546 per ton in 2021, with an increase of 33% against the previous year.
What is the average import price for processed petroleum oils and distillates in Asia-Pacific?
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In 2021, the import price in Asia-Pacific amounted to $412 per ton, growing by 8.5% against the previous year.

This report provides an in-depth analysis of the market for processed petroleum oils and distillates in Asia-Pacific. 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:
• Afghanistan
• American Samoa
• Bhutan
• Brunei Darussalam
• Cambodia
• Cook Islands
• Democratic People's Republic of Korea
• Fiji
• French Polynesia
• Guam
• Kiribati
• Lao People's Democratic Republic
• Macao SAR
• Maldives
• Marshall Islands
• Micronesia
• Nauru
• Nepal
• New Caledonia
• Niue
• Northern Mariana Islands
• Palau
• Papua New Guinea
• Samoa
• Solomon Islands
• Taiwan (Chinese)
• Timor-Leste
• Tokelau
• Tonga
• Tuvalu
• Vanuatu
• Wallis and Futuna Islands

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

• Afghanistan
• Australia
• Bangladesh
• Bhutan
• Brunei Darussalam
• Cambodia
• China
• Hong Kong SAR
• Macao SAR
• Cook Islands
• Fiji
• French Polynesia
• India
• Indonesia
• Japan
• Kiribati
• Malaysia
• Maldives
• Marshall Islands
• Micronesia
• Myanmar
• Nepal
• New Caledonia
• New Zealand
• Northern Mariana Islands
• Pakistan
• Palau
• Papua New Guinea
• Philippines
• Samoa
• Singapore
• Solomon Islands
• South Korea
• Sri Lanka
• Taiwan (Chinese)
• Thailand
• Timor-Leste
• Tokelau
• Tonga
• Tuvalu
• Vanuatu
• Vietnam
• Wallis and Futuna Islands
• Lao People's Democratic Republic
• American Samoa
• Democratic People's Republic of Korea
• Nauru
• Niue
• Guam
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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