
CIS - Processed Petroleum Oils and Distillates - Market Analysis, Forecast, Size, Trends and Insights
CIS: Market for Processed Petroleum Oils and Distillates 2023
Market Size for Processed Petroleum Oils and Distillates in CIS
In 2021, the CIS market for processed petroleum oils and distillates decreased by -36.2% to $X, falling for the third year in a row after two years of growth. In general, consumption saw a abrupt slump. The level of consumption peaked at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.
Production of Processed Petroleum Oils and Distillates in CIS
In value terms, processed petroleum oils and distillates production reduced markedly to $X in 2021 estimated in export price. Overall, production showed a abrupt downturn. The pace of growth was the most pronounced in 2017 with an increase of 25% against the previous year. Over the period under review, production attained the peak level at $X in 2014; however, from 2015 to 2021, production failed to regain momentum.
Exports of Processed Petroleum Oils and Distillates
Exports in CIS
In 2021, after two years of decline, there was significant growth in overseas shipments of processed petroleum oils and distillates, when their volume increased by 31% to X tons. Over the period under review, exports recorded a relatively flat trend pattern. The volume of export peaked at X tons in 2016; however, from 2017 to 2021, the exports failed to regain momentum.
In value terms, processed petroleum oils and distillates exports soared to $X in 2021. In general, exports, however, saw a abrupt contraction. The level of export peaked at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.
Exports by Country
Russia prevails in exports structure, recording X tons, which was approx. 88% of total exports in 2021. It was distantly followed by Belarus (X tons), generating a 9.7% share of total exports. Kazakhstan (X tons) followed a long way behind the leaders.
Russia experienced a relatively flat trend pattern with regard to volume of exports of processed petroleum oils and distillates. Belarus experienced a relatively flat trend pattern. Kazakhstan (-7.5%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Russia increased by +2.6 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.
In value terms, Russia ($X) remains the largest processed petroleum oils and distillates supplier in the CIS, comprising 90% of total exports. The second position in the ranking was held by Belarus ($X), with a 7.6% share of total exports.
From 2012 to 2021, the average annual growth rate of value in Russia amounted to -4.3%. In the other countries, the average annual rates were as follows: Belarus (-9.3% per year) and Kazakhstan (-13.9% per year).
Export Prices by Country
In 2021, the export price in the CIS amounted to $X per ton, surging by 32% against the previous year. In general, the export price, however, continues to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2017 when the export price increased by 54%. The level of export peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.
Average prices varied somewhat amongst the major exporting countries. In 2021, the country with the highest price was Russia ($X per ton), while Kazakhstan ($X per ton) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Russia (-4.8%), while the other leaders experienced a decline in the export price figures.
Imports of Processed Petroleum Oils and Distillates
Imports in CIS
In 2021, supplies from abroad of processed petroleum oils and distillates increased by 23% to X tons, rising for the second consecutive year after two years of decline. Overall, imports, however, continue to indicate a abrupt decline. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.
In value terms, processed petroleum oils and distillates imports skyrocketed to $X in 2021. In general, imports, however, saw a abrupt decrease. The most prominent rate of growth was recorded in 2017 when imports increased by 35%. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.
Imports by Country
In 2021, Kyrgyzstan (X tons), Russia (X tons) and Uzbekistan (X tons) represented the main importer of processed petroleum oils and distillates in the CIS, mixing up 63% of total import. It was distantly followed by Moldova (X tons), Kazakhstan (X tons), Armenia (X tons), Tajikistan (X tons) and Azerbaijan (X tons), together constituting a 36% share of total imports.
From 2012 to 2021, the biggest increases were in Armenia (with a CAGR of +57.2%), while purchases for the other leaders experienced more modest paces of growth.
In value terms, Russia ($X) constitutes the largest market for imported processed petroleum oils and distillates in the CIS, comprising 34% of total imports. The second position in the ranking was held by Kyrgyzstan ($X), with a 17% share of total imports. It was followed by Uzbekistan, with a 13% share.
In Russia, processed petroleum oils and distillates imports shrank by an average annual rate of -7.3% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Kyrgyzstan (-3.6% per year) and Uzbekistan (+7.9% per year).
Import Prices by Country
The import price in the CIS stood at $X per ton in 2021, leveling off at the previous year. In general, the import price, however, recorded a pronounced setback. The growth pace was the most rapid in 2018 an increase of 22% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2013; however, from 2014 to 2021, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Russia ($X per ton), while Kyrgyzstan ($X per ton) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Kazakhstan (-2.1%), while the other leaders experienced a decline in the import price figures.
Base Year | Historical Period | Forecast Period | Units |
---|---|---|---|
2022 | 2012-2022 | 2023-2030 | US$, Tons |
Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the market for processed petroleum oils and distillates in CIS. 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.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Importers on The Market and How They Succeed
The Largest Exporters on The Market and How They Succeed
The Largest Producers on The Market and Their Profiles
The Largest Markets And Their Profiles
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