Ireland: Petroleum Market 2020

Petroleum Market Size in Ireland

The revenue of the petroleum market in Ireland amounted to $X in 2017, going up by X% against the previous year. Overall, petroleum consumption continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2010, when market value increased by X% against the previous year. Over the period under review, the petroleum market attained its maximum level of $X in 2012; however, from 2013 to 2017, it stood at a somewhat lower level.

Petroleum Production in Ireland

Petroleum production in Ireland stood at X tonnes in 2017, going up by X% against the previous year. The total output volume increased an average annual rate of +X% from 2007 to 2017; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2016, when it surged by X% year-to-year. Over the period under review, the petroleum production attained its peak figure volume in 2017, and is likely to see steady growth in the immediate term.

Petroleum Exports from Ireland

In 2017, approx. X tonnes of petroleum were exported from Ireland; dropping by -X% against the previous year. Overall, petroleum exports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2015, with an increase of X% year-to-year. Over the period under review, the petroleum exports attained its maximum volume of X tonnes in 2012; however, from 2013 to 2017, it stood at a somewhat lower level.

In value terms, petroleum exports totaled $X in 2017. Overall, petroleum exports continue to indicate a relatively flat trend pattern. Ireland exports peaked of $X in 2012; however, from 2013 to 2017, it stood at a somewhat lower level.

Petroleum Exports by Country from Ireland

In 2017, the U.S. (X tonnes), followed by Russia (X tonnes), Singapore (X tonnes), the Netherlands (X tonnes), South Korea (X tonnes) and India (X tonnes) were the main exporters of petroleum, together creating X% of total exports. China (X tonnes), Belgium (X tonnes), Saudi Arabia (X tonnes), the United Arab Emirates (X tonnes), Canada (X tonnes) and Malaysia (X tonnes) followed a long way behind the leaders.

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 largest petroleum markets worldwide were the U.S. ($X), Russia ($X) and Singapore ($X), with a combined X% share of total exports.

The U.S. (+X% per year) experienced the highest rates of growth with regard to exports, among the main exporting countries over the last decade, while the other leaders experienced more modest paces of growth.

Petroleum Export Prices by Country in Ireland

In 2017, the petroleum export price in Ireland amounted to $X per tonne, picking up by X% against the previous year. Overall, petroleum export price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2010, an increase of X% y-o-y. 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 stood at a somewhat lower level.

There were significant differences in the average export prices amongst the major exporting countries. In 2017, the country with the highest export price was the United Arab Emirates ($X per tonne), while the U.S. ($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 the United Arab Emirates (+X% per year), while the other leaders experienced more modest paces of growth.

Petroleum Imports into Ireland

In 2017, approx. X tonnes of petroleum were imported into Ireland; coming up by X% against the previous year. In general, petroleum imports continue to indicate a noticeable decrease. The most prominent rate of growth was recorded in 2014, when it surged by X% against the previous year. Over the period under review, the petroleum imports reached its peak figure volume of X tonnes in 2007; however, from 2008 to 2017, it failed to regain its momentum.

In value terms, petroleum imports totaled $X in 2017. In general, petroleum imports continue to indicate a deep drop. Ireland imports peaked of $X in 2008; however, from 2009 to 2017, it stood at a somewhat lower level.

Petroleum Imports by Country into Ireland

The U.S. (X tonnes) and Singapore (X tonnes) represented roughly X% of total imports of petroleum in 2017. It was followed by the Netherlands (X tonnes), constituting X% share of total imports. Mexico (X tonnes), Belgium (X tonnes), Germany (X tonnes), Malaysia (X tonnes), France (X tonnes), China (X tonnes), the UK (X tonnes), Indonesia (X tonnes) and Canada (X tonnes) 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 largest petroleum markets worldwide were the U.S. ($X), Singapore ($X) and the Netherlands ($X), with a combined X% share of total imports. Mexico, Germany, Belgium, France, the UK, Malaysia, Indonesia, China, Canada and Ireland lagged somewhat behind, together comprising a further X%.

Malaysia (+X% per year) experienced the highest growth rate of imports, among the main importing countries over the last decade, while the other leaders experienced more modest paces of growth.

Petroleum Import Prices by Country in Ireland

The petroleum import price in Ireland stood at $X per tonne in 2017, jumping by X% against the previous year. In general, petroleum import price continues to indicate a slight slump. The pace of growth was the most pronounced in 2011, an increase of X% against the previous year. Over the period under review, the import prices for petroleum reached its maximum level of $X per tonne in 2012; however, from 2013 to 2017, it stood at a somewhat lower level.

Average import prices varied somewhat amongst the major importing countries. In 2017, major importing countries recorded the following import prices: in the UK ($X per tonne) and Germany ($X per tonne), while China ($X per tonne) and Canada ($X per tonne) 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.

Source: IndexBox Platform