China: Petroleum Market 2020

Petroleum Market Size in China

The revenue of the petroleum market in China amounted to $X in 2017, jumping by X% against the previous year. In general, petroleum consumption continues to indicate a moderate drop. The growth pace was the most rapid in 2008, when it surged by X% against the previous year. China petroleum consumption peaked of $X in 2012; however, from 2013 to 2017, it failed to regain its momentum.

Petroleum Production in China

Petroleum production in China stood at X tons in 2017, approximately reflecting the previous year. The total output volume increased an average annual rate of +X% from 2007 to 2017; the trend pattern remained consistent, with only minor fluctuations in certain years. The growth pace was the most rapid in 2010, with an increase of X% y-o-y. Over the period under review, the petroleum production attained its peak figure volume of X tons in 2015; however, from 2016 to 2017, it failed to regain its momentum.

Petroleum Exports from China

In 2017, exports of petroleum from China totaled X tons, increasing by X% against the previous year. Overall, petroleum exports continue to indicate a prominent growth. The most prominent rate of growth was recorded in 2010, with an increase of X% y-o-y. China exports peaked in 2017, and are expected to retain its growth in the immediate term.

In value terms, petroleum exports stood at $X in 2017. Overall, petroleum exports continue to indicate a strong increase. China exports peaked of $X in 2014; however, from 2015 to 2017, it failed to regain its momentum.

Petroleum Exports by Country from China

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 committing X% of total exports. China (X tons), Belgium (X tons), Saudi Arabia (X tons), the United Arab Emirates (X tons), Canada (X tons) and Malaysia (X tons) 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) appeared to be the countries with the highest levels of exports in 2017, with a combined X% share of total exports.

Among the main exporting countries , the U.S. (+X% per year) experienced the highest growth rate of exports, over the last decade, while the other leaders experienced more modest paces of growth.

Petroleum Export Prices by Country in China

The petroleum export price in China stood at $X per ton in 2017, picking up by X% against the previous year. Overall, petroleum export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2008, when it surged by X% y-o-y. China export price peaked 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 China

In 2017, approx. X tons of petroleum were imported into China; picking up by X% against the previous year. Overall, petroleum imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2008, with an increase of X% against the previous year. In that year, the petroleum imports attained their peak volume of X tons. From 2009 to 2017, growth of the petroleum imports stood at a somewhat lower level.

In value terms, petroleum imports stood at $X in 2017. Overall, petroleum imports continue to indicate a slight downturn. China imports peaked of $X in 2012; however, from 2013 to 2017, it stood at a somewhat lower level.

Petroleum Imports by Country into China

The U.S. (X tons) and Singapore (X tons) represented the key importers of petroleum in 2017, amounting to approx. X% and X% of total imports, respectively. It was followed by the Netherlands (X tons), achieving X% share of total imports. 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) 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, together comprising X% of total imports. These countries were followed by Mexico, Germany, Belgium, France, the UK, Malaysia, Indonesia, China and Canada, which together accounted for a further X%.

Among the main importing countries , Malaysia (+X% per year) experienced 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 China

The petroleum import price in China stood at $X per ton in 2017, rising by X% against the previous year. Overall, petroleum import price continues to indicate a mild drop. The growth pace was the most rapid in 2011, when it surged by X% against the previous year. China import price peaked of $X per ton in 2012; however, from 2013 to 2017, it failed to regain its momentum.

Average import prices varied noticeably 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 Canada ($X per ton) and the U.S. ($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