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

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

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Australia and Oceania: Market for Processed Petroleum Oils and Distillates 2023

Market Size for Processed Petroleum Oils and Distillates in Australia and Oceania

The market for processed petroleum oils and distillates in Australia and Oceania surged to $X in 2021, jumping by 30% against the previous year. Overall, consumption, however, saw a pronounced shrinkage. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Production of Processed Petroleum Oils and Distillates in Australia and Oceania

In value terms, processed petroleum oils and distillates production surged to $X in 2021 estimated in export price. Over the period under review, production, however, saw a perceptible reduction. The level of production peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Exports of Processed Petroleum Oils and Distillates

Exports in Australia and Oceania

In 2021, after two years of decline, there was significant growth in shipments abroad of processed petroleum oils and distillates, when their volume increased by 115% to X tons. In general, exports recorded a moderate expansion. As a result, the exports attained 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. Overall, exports showed a moderate expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Australia dominates exports structure, finishing at X tons, which was near 94% of total exports in 2021. New Zealand (X tons) and Fiji (X tons) followed a long way behind the leaders.

Exports from Australia increased at an average annual rate of +5.6% from 2012 to 2021. At the same time, Fiji (+336.1%) displayed positive paces of growth. Moreover, Fiji emerged as the fastest-growing exporter exported in Australia and Oceania, with a CAGR of +336.1% from 2012-2021. By contrast, New Zealand (-7.6%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Australia and Fiji increased by +5.5 and +2 percentage points, respectively.

In value terms, Australia ($X) remains the largest processed petroleum oils and distillates supplier in Australia and Oceania, comprising 95% of total exports. The second position in the ranking was taken by New Zealand ($X), with a 3.1% share of total exports.

In Australia, processed petroleum oils and distillates exports expanded at an average annual rate of +3.4% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: New Zealand (-9.9% per year) and Fiji (-10.5% per year).

Export Prices by Country

In 2021, the export price in Australia and Oceania amounted to $X per ton, jumping by 93% against the previous year. Overall, the export price, however, saw a pronounced descent. The level of export peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2021, the country with the highest price was Australia ($X per ton), while Fiji ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Australia (-2.1%), while the other leaders experienced a decline in the export price figures.

Imports of Processed Petroleum Oils and Distillates

Imports in Australia and Oceania

In 2021, purchases abroad of processed petroleum oils and distillates was finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. Total imports indicated a resilient increase from 2012 to 2021: its volume increased at an average annual rate of +8.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, processed petroleum oils and distillates imports soared to $X in 2021. In general, imports, however, continue to indicate a mild curtailment. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Australia dominates imports structure, accounting for X tons, which was approx. 80% of total imports in 2021. New Zealand (X tons) took a 6.2% share (based on physical terms) of total imports, which put it in second place, followed by Marshall Islands (5.2%). The following importers - Guam (X tons) and Papua New Guinea (X tons) - each finished at a 3.9% share of total imports.

From 2012 to 2021, average annual rates of growth with regard to processed petroleum oils and distillates imports into Australia stood at +10.2%. At the same time, Marshall Islands (+19.4%), New Zealand (+5.4%) and Guam (+2.4%) displayed positive paces of growth. Moreover, Marshall Islands emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of +19.4% from 2012-2021. Papua New Guinea experienced a relatively flat trend pattern. While the share of Australia (+8.6 p.p.) and Marshall Islands (+2.9 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Papua New Guinea (-2 p.p.) and New Zealand (-2.1 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) constitutes the largest market for imported processed petroleum oils and distillates in Australia and Oceania, comprising 79% of total imports. The second position in the ranking was held by New Zealand ($X), with a 6.6% share of total imports. It was followed by Marshall Islands, with a 4.5% share.

In Australia, processed petroleum oils and distillates imports remained relatively stable over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: New Zealand (-4.4% per year) and Marshall Islands (+1.3% per year).

Import Prices by Country

The import price in Australia and Oceania stood at $X per ton in 2021, surging by 4% against the previous year. Over the period under review, the import price, however, saw a deep downturn. The growth pace was the most rapid in 2017 when the import price increased by 58% against the previous year. Over the period under review, import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Average prices varied somewhat amongst the major importing countries. In 2021, major importing countries recorded the following prices: in Papua New Guinea ($X per ton) and Guam ($X per ton), while Marshall Islands ($X per ton) and Australia ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Guam (-6.8%), 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 Australia and Oceania?
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The country with the largest volume of processed petroleum oils and distillates consumption was Australia, comprising approx. 80% of total volume. Moreover, processed petroleum oils and distillates consumption in Australia exceeded the figures recorded by the second-largest consumer, New Zealand, sevenfold. The third position in this ranking was taken by Marshall Islands, with a 3.3% share.
What are the largest producers of processed petroleum oils and distillates in Australia and Oceania?
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Australia constituted the country with the largest volume of processed petroleum oils and distillates production, comprising approx. 81% of total volume. Moreover, processed petroleum oils and distillates production in Australia exceeded the figures recorded by the second-largest producer, New Zealand, fivefold.
What are the leading suppliers of processed petroleum oils and distillates in Australia and Oceania?
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In value terms, Australia remains the largest processed petroleum oils and distillates supplier in Australia and Oceania, comprising 95% of total exports. The second position in the ranking was taken by New Zealand, with a 3.1% share of total exports.
What are the leading importers of processed petroleum oils and distillates in Australia and Oceania?
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In value terms, Australia constitutes the largest market for imported processed petroleum oils and distillates in Australia and Oceania, comprising 79% of total imports. The second position in the ranking was held by New Zealand, with a 6.6% share of total imports. It was followed by Marshall Islands, with a 4.5% share.
What is the average export price for processed petroleum oils and distillates in Australia and Oceania?
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In 2021, the export price in Australia and Oceania amounted to $678 per ton, with an increase of 93% against the previous year.
What is the average import price for processed petroleum oils and distillates in Australia and Oceania?
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The import price in Australia and Oceania stood at $423 per ton in 2021, picking up by 4% against the previous year.

This report provides an in-depth analysis of the market for processed petroleum oils and distillates in Australia and Oceania. 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:
• American Samoa
• Cook Islands
• Fiji
• French Polynesia
• Guam
• Kiribati
• Marshall Islands
• Micronesia
• Nauru
• New Caledonia
• Niue
• Northern Mariana Islands
• Palau
• Papua New Guinea
• Samoa
• Solomon Islands
• 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 Australia and Oceania, split by region and country
• Trade (exports and imports) in Australia and Oceania
• 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

• Australia
• Cook Islands
• Fiji
• French Polynesia
• Kiribati
• Marshall Islands
• Micronesia
• New Caledonia
• New Zealand
• Northern Mariana Islands
• Palau
• Papua New Guinea
• Samoa
• Solomon Islands
• Tokelau
• Tonga
• Tuvalu
• Vanuatu
• Wallis and Futuna Islands
• American Samoa
• 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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