Germany: Market for Crude Oil and Processed Petroleum 2024

Market Size for Crude Oil and Processed Petroleum in Germany

In 2022, the German market for crude oil and processed petroleum increased by X% to $X, rising for the second year in a row after two years of decline. In general, consumption, however, continues to indicate a mild slump. Crude oil and processed petroleum consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Production of Crude Oil and Processed Petroleum in Germany

In value terms, crude oil and processed petroleum production shrank to $X in 2022 estimated in export price. Over the period under review, production showed a noticeable descent. The growth pace was the most rapid in 2021 with an increase of X%. Crude oil and processed petroleum production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Exports of Crude Oil and Processed Petroleum

Exports from Germany

In 2022, shipments abroad of crude oil and processed petroleum increased by X% to X tons, rising for the second year in a row after five years of decline. The total export volume increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 with an increase of X%. The exports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, crude oil and processed petroleum exports soared to $X in 2022. Overall, exports enjoyed a pronounced expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Austria (X tons), the Netherlands (X tons) and Switzerland (X tons) were the main destinations of crude oil and processed petroleum exports from Germany, with a combined X% share of total exports. Poland, the Czech Republic, France, Belgium, Luxembourg and the UK lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for France (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for crude oil and processed petroleum exported from Germany were Austria ($X), the Netherlands ($X) and Switzerland ($X), with a combined X% share of total exports. Poland, the Czech Republic, France, Belgium, the UK and Luxembourg lagged somewhat behind, together accounting for a further X%.

France, with a CAGR of X%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for crude oil and processed petroleum stood at $X per ton in 2022, rising by X% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the UK (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Crude Oil and Processed Petroleum

Imports into Germany

In 2022, the amount of crude oil and processed petroleum imported into Germany surged to X tons, increasing by X% compared with the previous year's figure. The total import volume increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, crude oil and processed petroleum imports surged to $X in 2022. In general, imports, however, saw a mild curtailment. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, the Netherlands (X tons) constituted the largest supplier of crude oil and processed petroleum to Germany, with a X% share of total imports. Moreover, crude oil and processed petroleum imports from the Netherlands exceeded the figures recorded by the second-largest supplier, Russia (X tons), threefold. The United States (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from the Netherlands amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (X% per year) and the United States (X% per year).

In value terms, the Netherlands ($X) constituted the largest supplier of crude oil and processed petroleum to Germany, comprising X% of total imports. The second position in the ranking was held by Russia ($X), with a X% share of total imports. It was followed by the United States, with an X% share.

From 2012 to 2022, the average annual growth rate of value from the Netherlands totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (X% per year) and the United States (X% per year).

Import Prices by Country

In 2022, the average import price for crude oil and processed petroleum amounted to $X per ton, rising by X% against the previous year. In general, the import price, however, continues to indicate a perceptible slump. The most prominent rate of growth was recorded in 2021 an increase of X%. Over the period under review, average import prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Algeria (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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