Italy: Petroleum Market 2020

Petroleum Market Size in Italy

The revenue of the petroleum market in Italy amounted to $X in 2017, surging by X% against the previous year. In general, petroleum consumption continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2011, with an increase of X% y-o-y. Over the period under review, the petroleum market attained its maximum level of $X in 2013; however, from 2014 to 2017, it failed to regain its momentum.

Petroleum Production in Italy

In 2017, the amount of petroleum produced in Italy stood at X tonnes, jumping 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 throughout the analyzed period. The growth pace was the most rapid in 2016, when the output figure increased by X% y-o-y. Italy petroleum production peaked in 2017, and is expected to retain its growth in the near future.

Petroleum Exports from Italy

In 2017, approx. X tonnes of petroleum were exported from Italy; increasing by X% against the previous year. Overall, petroleum exports continue to indicate a mild shrinkage. The pace of growth was the most pronounced in 2010, when exports increased by X% y-o-y. In that year, the petroleum exports attained their peak volume of X tonnes. From 2011 to 2017, growth of the petroleum exports failed to regain its momentum.

In value terms, petroleum exports stood at $X in 2017. In general, petroleum exports continue to indicate a mild drop. Italy exports peaked of $X in 2012; however, from 2013 to 2017, it stood at a somewhat lower level.

Petroleum Exports by Country from Italy

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) represented the main exporters of petroleum, together mixed up 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) held the minor share of total exports.

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), together comprising X% of total exports.

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

Petroleum Export Prices by Country in Italy

The petroleum export price in Italy stood at $X per tonne in 2017, jumping 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 2008, an increase of X% y-o-y. Over the period under review, the export prices for petroleum attained its maximum level of $X per tonne in 2012; however, from 2013 to 2017, it stood at a somewhat lower level.

Export prices varied noticeably by the country of destination; 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 Italy

In 2017, approx. X tonnes of petroleum were imported into Italy; coming down by -X% against the previous year. In general, petroleum imports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2013, when it surged by X% against the previous year. In that year, the petroleum imports attained their peak volume of X tonnes. From 2014 to 2017, growth of the petroleum imports failed to regain its momentum.

In value terms, petroleum imports stood at $X in 2017. In general, petroleum imports continue to indicate a relatively flat trend pattern. Over the period under review, the petroleum imports attained its maximum level of $X in 2013; however, from 2014 to 2017, it stood at a somewhat lower level.

Petroleum Imports by Country into Italy

The U.S. (X tonnes) and Singapore (X tonnes) represented the main importers of petroleum in 2017, resulting at near X% and X% of total imports, respectively. It was followed by the Netherlands (X tonnes), making up X% share of total imports. The following importers - 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) together made up X% 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 Malaysia (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, the U.S. ($X), Singapore ($X) and the Netherlands ($X) constituted the countries with the highest levels of imports in 2017, together accounting for X% of total imports. These countries were followed by Mexico, Germany, Belgium, France, the UK, Malaysia, Indonesia, China, Canada and Italy, which together accounted for a further X%.

In terms of the main importing countries , Malaysia (+X% per year) recorded the highest rates of growth with regard to imports, over the last decade, while the other leaders experienced more modest paces of growth.

Petroleum Import Prices by Country in Italy

In 2017, the petroleum import price in Italy amounted to $X per tonne, coming up by X% against the previous year. Overall, petroleum import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2008, when the import prices increased by X% against the previous year. Italy import price peaked of $X per tonne in 2012; however, from 2013 to 2017, it failed to regain its momentum.

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