Australia: Petroleum Market 2020

Petroleum Market Size in Australia

The revenue of the petroleum market in Australia amounted to $X in 2017, waning by -X% against the previous year. In general, the total market indicated a remarkable increase from 2007 to 2017: its value increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the petroleum consumption decreased by -X% against 2012 indices. The pace of growth appeared the most rapid in 2008, when it surged by X% y-o-y. Over the period under review, the petroleum market reached its maximum level of $X in 2012; however, from 2013 to 2017, it failed to regain its momentum.

Petroleum Production in Australia

In 2017, approx. X tons of petroleum were produced in Australia; declining by -X% against the previous year. In general, petroleum production continues to indicate an abrupt deduction. The pace of growth was the most pronounced in 2010, with an increase of X% against the previous year. In that year, the petroleum production attained their peak volume of X tons. From 2011 to 2017, growth of the petroleum production stood at a somewhat lower level.

Petroleum Exports from Australia

In 2017, the amount of petroleum exported from Australia stood at X tons, declining by -X% against the previous year. Overall, petroleum exports continue to indicate a moderate decline. The growth pace was the most rapid in 2016, when it surged by X% against the previous year. Over the period under review, the petroleum exports attained its peak figure volume of X tons in 2007; however, from 2008 to 2017, it failed to regain its momentum.

In value terms, petroleum exports amounted to $X in 2017. In general, petroleum exports continue to indicate a pronounced setback. Australia exports peaked of $X in 2012; however, from 2013 to 2017, it stood at a somewhat lower level.

Petroleum Exports by Country from Australia

In 2017, the U.S. (X tons), followed by Russia (X tons), Singapore (X tons), the Netherlands (X tons), South Korea (X tons) and India (X tons) represented the main exporters of petroleum, together constituting X% of total exports. The following exporters - China (X tons), Belgium (X tons), Saudi Arabia (X tons), the United Arab Emirates (X tons), Canada (X tons) and Malaysia (X tons) together made up X% 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) appeared to be 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 growth rate of 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 Australia

The petroleum export price in Australia stood at $X per ton in 2017, increasing by X% against the previous year. In general, petroleum export price continues to indicate a slight slump. The growth pace was the most rapid in 2010, an increase of X% y-o-y. Over the period under review, the export prices for petroleum reached its maximum level of $X per ton 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 ($X per ton), while the U.S. ($X per ton) 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 Australia

In 2017, imports of petroleum into Australia stood at X tons, approximately mirroring the previous year. In general, the total imports indicated a remarkable expansion from 2007 to 2017: its volume increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the petroleum imports decreased by -X% against 2015 indices. The pace of growth appeared the most rapid in 2015, when imports increased by X% against the previous year. In that year, the petroleum imports reached their peak volume of X tons. From 2016 to 2017, growth of the petroleum imports failed to regain its momentum.

In value terms, petroleum imports totaled $X in 2017. Overall, petroleum imports continue to indicate a remarkable growth. Over the period under review, the petroleum imports attained its peak figure level of $X in 2013; however, from 2014 to 2017, it failed to regain its momentum.

Petroleum Imports by Country into Australia

The U.S. (X tons) and Singapore (X tons) represented roughly X% of total imports of petroleum in 2017. It was followed by the Netherlands (X tons), mixed up X% share of total imports. The following importers - Mexico (X tons), Belgium (X tons), Germany (X tons), Malaysia (X tons), France (X tons), China (X tons), the UK (X tons), Indonesia (X tons) and Canada (X tons) together made up X% of total imports.

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) appeared to be the countries with the highest levels of imports in 2017, together accounting for X% of total imports. Mexico, Germany, Belgium, France, the UK, Malaysia, Australia, Indonesia, China and Canada 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 Australia

The petroleum import price in Australia stood at $X per ton in 2017, surging by X% against the previous year. Overall, the import price indicated a modest growth from 2007 to 2017: its price increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2008, when it surged by X% against the previous year. Australia import price peaked of $X per ton in 2012; however, from 2013 to 2017, it failed to regain its momentum.

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

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Source: IndexBox Platform