EU: Market for Processed Petroleum Oils and Distillates 2024

Market Size for Processed Petroleum Oils and Distillates in the EU

In 2022, the EU market for processed petroleum oils and distillates increased by X% to $X, rising for the second consecutive year after two years of decline. Overall, consumption, however, continues to indicate a mild curtailment. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Production of Processed Petroleum Oils and Distillates in the EU

In value terms, processed petroleum oils and distillates production dropped to $X in 2022 estimated in export price. Over the period under review, production showed a noticeable decrease. The pace of growth was the most pronounced in 2021 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Join Us at HANNOVER MESSE 2024

Don’t miss your chance to connect with us directly. Schedule a personal meeting to dive deeper into how solutions.
Hall 002, Stand C10. 22 - 26 April 2024 | Hannover, Germany

Book Your Meeting

Exports of Processed Petroleum Oils and Distillates

Exports in the EU

In 2022, overseas shipments of processed petroleum oils and distillates increased by X% to X tons, rising for the second consecutive year after four years of decline. The total export volume increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 when exports increased by X%. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in years to come.

In value terms, processed petroleum oils and distillates exports surged to $X in 2022. Overall, exports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of X%. The level of export peaked at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

The Netherlands was the major exporter of processed petroleum oils and distillates in the European Union, with the volume of exports recording X tons, which was approx. X% of total exports in 2022. Spain (X tons) held a X% share (based on physical terms) of total exports, which put it in second place, followed by Belgium (X%), Italy (X%), Germany (X%) and Greece (X%). The following exporters - Sweden (X tons) and France (X tons) - each resulted at a X% share of total exports.

Exports from the Netherlands increased at an average annual rate of X% from 2012 to 2022. At the same time, Spain (X%), Greece (X%), Belgium (X%) and Germany (X%) displayed positive paces of growth. Moreover, Spain emerged as the fastest-growing exporter exported in the European Union, with a CAGR of X% from 2012-2022. Sweden and Italy experienced a relatively flat trend pattern. By contrast, France (X%) illustrated a downward trend over the same period. The Netherlands (X p.p.) and Spain (X p.p.) significantly strengthened its position in terms of the total exports, while Sweden, France and Italy saw its share reduced by X%, X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the Netherlands ($X) remains the largest processed petroleum oils and distillates supplier in the European Union, comprising X% of total exports. The second position in the ranking was held by Germany ($X), with a X% share of total exports. It was followed by Italy, with a X% share.

From 2012 to 2022, the average annual growth rate of value in the Netherlands was relatively modest. The remaining exporting countries recorded the following average annual rates of exports growth: Germany (X% per year) and Italy (X% per year).

Export Prices by Country

In 2022, the export price in the European Union amounted to $X per ton, rising by X% against the previous year. Over the period under review, the export price, however, showed a perceptible decline. The most prominent rate of growth was recorded in 2021 when the export price increased by X% against the previous year. The level of export peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Germany ($X per ton), while Spain ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (X%), while the other leaders experienced more modest paces of growth.

Imports of Processed Petroleum Oils and Distillates

Imports in the EU

In 2022, approx. X tons of processed petroleum oils and distillates were imported in the European Union; picking up by X% compared with 2021 figures. Over the period under review, imports posted a resilient increase. The pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the near future.

In value terms, processed petroleum oils and distillates imports skyrocketed to $X in 2022. Overall, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by X%. The level of import peaked at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, the Netherlands (X tons), distantly followed by Belgium (X tons), Germany (X tons), France (X tons) and Italy (X tons) represented the main importers of processed petroleum oils and distillates, together creating X% of total imports. Spain (X tons), Malta (X tons), Sweden (X tons), Poland (X tons), Greece (X tons), Austria (X tons), Denmark (X tons) and Latvia (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to processed petroleum oils and distillates imports into the Netherlands stood at X%. At the same time, Poland (X%), Greece (X%), Denmark (X%), Sweden (X%), Malta (X%), Belgium (X%), Spain (X%), Germany (X%), Austria (X%), Italy (X%), France (X%) and Latvia (X%) displayed positive paces of growth. Moreover, Poland emerged as the fastest-growing importer imported in the European Union, with a CAGR of X% from 2012-2022. Belgium (X p.p.), Poland (X p.p.) and Germany (X p.p.) significantly strengthened its position in terms of the total imports, while the Netherlands saw its share reduced by X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the Netherlands ($X), Germany ($X) and Belgium ($X) appeared to be the countries with the highest levels of imports in 2022, together comprising X% of total imports. France, Italy, Spain, Sweden, Austria, Poland, Malta, Greece, Latvia and Denmark lagged somewhat behind, together accounting for a further X%.

Poland, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in the European Union stood at $X per ton in 2022, surging by X% against the previous year. Over the period under review, the import price, however, recorded a abrupt slump. The most prominent rate of growth was recorded in 2018 an increase of X%. Over the period under review, import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Austria ($X per ton), while Malta ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Austria (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :