CIS - Petroleum - Market Analysis, Forecast, Size, Trends and Insights

CIS: Petroleum Market Overview 2019

Petroleum Market Size in CIS

The revenue of the petroleum market in CIS amounted to $X in 2017, lowering by -X% against the previous year. The petroleum consumption continues to indicate a pronounced shrinkage. The most prominent rate of growth was recorded in 2011, when market value increased by X% y-o-y. In that year, the petroleum market attained their peak level of $X. From 2012 to 2017, growth of the petroleum market failed to regain its momentum.

Petroleum Production in CIS

In 2017, approx. X tonnes of petroleum were produced in CIS; coming down by -X% against the previous year. The petroleum production continues to indicate a significant slump. The most prominent rate of growth was recorded in 2011, with an increase of X% against the previous year. Over the period under review, the petroleum production attained its maximum volume of X tonnes in 2016, and then declined slightly in the following year.

Petroleum Exports

Exports in CIS

The exports amounted to X tonnes in 2017, picking up by X% against the previous year. The petroleum exports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2010, with an increase of X% year-to-year. The volume of exports peaked of X tonnes in 2014; however, from 2015 to 2017, it failed to regain its momentum.

In value terms, petroleum exports stood at $X in 2017. The petroleum exports continue to indicate a relatively flat trend pattern. The level of exports peaked of $X in 2014; however, from 2015 to 2017, it failed to regain its momentum.

Exports by Country

Russia prevails in petroleum exports structure, finishing at X tonnes, which was near X% of total exports in 2017. Belarus (X tonnes) and Kazakhstan (X tonnes) took the slight share of total exports.

Russia was also the fastest growing in terms of the petroleum exports, with a CAGR of +X% from 2007 to 2017. Kazakhstan (-X%) and Belarus (-X%) illustrated a downward trend over the same period. Belarus (X%) significantly strengthened its position in terms of the global exports, while Russia saw its share reduced by -X% from 2007 to 2017, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) remains the largest petroleum supplier in CIS, making up X% of global exports. The second position in the ranking was occupied by Belarus ($X), with a X% share of global exports. It was followed by Kazakhstan, with a X% share.

From 2007 to 2017, the average annual rate of growth in terms of value in Russia totaled +X%. The remaining exporting countries recorded the following average annual rates of exports growth: Belarus (-X% per year) and Kazakhstan (-X% per year).

Export Prices by Country

The petroleum export price in CIS stood at $X per tonne in 2017, going up by X% against the previous year. The petroleum export price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2008, when the export prices increased by X% against the previous year. Over the period under review, the export prices for petroleum reached its peak figure level of $X per tonne in 2012; however, from 2013 to 2017, it failed to regain its momentum.

Average export prices varied noticeably amongst the major exporting countries. In 2017, the country with the highest export price was Belarus ($X per tonne), while Kazakhstan ($X per tonne) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of export prices was attained by Kazakhstan (+X% per year), while the other leaders experienced a decline in the export price figures.

Petroleum Imports

Imports in CIS

In 2017, approx. X tonnes of petroleum were imported in CIS; jumping by X% against the previous year. The total import volume increased an average annual rate of +X% from 2007 to 2017; however, the trend pattern indicated some noticeable fluctuations in certain years. The pace of growth appeared the most rapid in 2008, when it surged by X% y-o-y. The volume of imports peaked of X tonnes in 2014; however, from 2015 to 2017, it stood at a somewhat lower level.

In value terms, petroleum imports amounted to $X in 2017. The petroleum imports continue to indicate a moderate growth. The level of imports peaked of $X in 2011; however, from 2012 to 2017, it stood at a somewhat lower level.

Imports by Country

In 2017, Belarus (X tonnes), Kazakhstan (X tonnes) and Kyrgyzstan (X tonnes) represented the major importers of petroleum in CIS, committing X% of total import. Russia (X tonnes) ranks second in terms of the global imports with a X% share, followed by Moldova (X%) and Armenia (X%). Azerbaijan (X tonnes) held the slight share 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 Belarus (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, Belarus ($X), Kazakhstan ($X) and Russia ($X) appeared to be the countries with the highest levels of imports in 2017, with a combined X% share of total imports. These countries were followed by Kyrgyzstan, Moldova, Azerbaijan and Armenia, which together accounted for a further X%.

Azerbaijan (+X% per year) recorded the highest growth rate of imports, in terms of the main importing countriesover the last decade, while the other leaders experienced more modest paces of growth.

Import Prices by Country

The petroleum import price in CIS stood at $X per tonne in 2017, picking up by X% against the previous year. The petroleum import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2010, an increase of X% y-o-y. Over the period under review, the import prices for petroleum attained its peak figure level of $X per tonne in 2011; however, from 2012 to 2017, it stood at a somewhat lower level.

Import prices varied noticeably by the country of destination; the country with the highest import price was Azerbaijan ($X per tonne), while Kyrgyzstan ($X per tonne) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by Azerbaijan (+X% per year), while the other leaders experienced more modest paces of growth.