Report MENA - Processed Petroleum Oils and Distillates - Market Analysis, Forecast, Size, Trends and Insights for 499$
Latest Report Update: Jan 18, 2023

MENA - Processed Petroleum Oils and Distillates - Market Analysis, Forecast, Size, Trends and Insights

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MENA: Market for Processed Petroleum Oils and Distillates 2023

Market Size for Processed Petroleum Oils and Distillates in MENA

In 2021, the MENA's market for processed petroleum oils and distillates decreased by -3.2% to $X, falling for the third consecutive year after two years of growth. Over the period under review, consumption recorded a pronounced reduction. The pace of growth appeared the most rapid in 2018 with an increase of 5.6%. The level of consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Production of Processed Petroleum Oils and Distillates in MENA

In value terms, processed petroleum oils and distillates production plummeted to $X in 2021 estimated in export price. In general, production, however, continues to indicate a deep setback. The pace of growth appeared the most rapid in 2017 when the production volume increased by 17% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Exports of Processed Petroleum Oils and Distillates

Exports in MENA

In 2021, overseas shipments of processed petroleum oils and distillates were finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. Total exports indicated a noticeable increase from 2012 to 2021: its volume increased at an average annual rate of +4.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -12.0% against 2018 indices. The growth pace was the most rapid in 2015 when exports increased by 14% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

In value terms, processed petroleum oils and distillates exports skyrocketed to $X in 2021. Overall, exports, however, saw a noticeable decrease. The level of export peaked at $X in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

In 2021, the United Arab Emirates (X tons), distantly followed by Saudi Arabia (X tons), Qatar (X tons), Algeria (X tons), Bahrain (X tons) and Turkey (X tons) represented the key exporters of processed petroleum oils and distillates, together generating 95% of total exports. Egypt (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were in Egypt (with a CAGR of +13.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X), Saudi Arabia ($X) and Qatar ($X) appeared to be the countries with the highest levels of exports in 2021, with a combined 70% share of total exports. Turkey, Algeria, Egypt and Bahrain lagged somewhat behind, together accounting for a further 28%.

Among the main exporting countries, Egypt, with a CAGR of +10.9%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

In 2021, the export price in MENA amounted to $X per ton, rising by 23% against the previous year. In general, the export price, however, continues to indicate a deep setback. The pace of growth appeared the most rapid in 2018 an increase of 27%. Over the period under review, the export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Egypt ($X per ton), while Algeria ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Egypt (-2.5%), while the other leaders experienced a decline in the export price figures.

Imports of Processed Petroleum Oils and Distillates

Imports in MENA

In 2021, purchases abroad of processed petroleum oils and distillates increased by 5.4% to X tons for the first time since 2017, thus ending a three-year declining trend. Over the period under review, imports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when imports increased by 8.4%. Over the period under review, imports reached the peak figure at X tons in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

In value terms, processed petroleum oils and distillates imports skyrocketed to $X in 2021. Overall, imports, however, recorded a deep reduction. The pace of growth was the most pronounced in 2017 with an increase of 26% against the previous year. Over the period under review, imports reached the peak figure at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, the United Arab Emirates (X tons), distantly followed by Morocco (X tons), Turkey (X tons), Saudi Arabia (X tons), Lebanon (X tons), Egypt (X tons), Iraq (X tons), Libya (X tons) and Israel (X tons) represented the main importers of processed petroleum oils and distillates, together comprising 85% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Morocco (with a CAGR of +12.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported processed petroleum oils and distillates in MENA, comprising 21% of total imports. The second position in the ranking was held by Morocco ($X), with an 11% share of total imports. It was followed by Iraq, with a 9.3% share.

From 2012 to 2021, the average annual growth rate of value in the United Arab Emirates totaled -5.2%. The remaining importing countries recorded the following average annual rates of imports growth: Morocco (+1.7% per year) and Iraq (+1.8% per year).

Import Prices by Country

The import price in MENA stood at $X per ton in 2021, with an increase of 18% against the previous year. In general, the import price, however, continues to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2018 an increase of 26% against the previous year. Over the period under review, import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Iraq ($X per ton), while Morocco ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Iraq (-6.1%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Market Intelligence Platform

Base Year Historical Period Forecast Period Units
2022 2012-2022 2023-2030 US$, Tons

Frequently Asked Questions (FAQ) :

What are the largest markets for processed petroleum oils and distillates in MENA?
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The countries with the highest volumes of consumption in 2021 were Iran, Saudi Arabia and Qatar, with a combined 53% share of total consumption. Turkey, Iraq, Kuwait, Egypt, Algeria, Oman, Israel, Morocco and Libya lagged somewhat behind, together accounting for a further 43%.
What are the largest producers of processed petroleum oils and distillates in MENA?
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The countries with the highest volumes of production in 2021 were Saudi Arabia, Iran and Qatar, together comprising 54% of total production. The United Arab Emirates, Turkey, Kuwait, Algeria, Egypt and Iraq lagged somewhat behind, together comprising a further 36%.
What are the leading exporters of processed petroleum oils and distillates in MENA?
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In value terms, the largest processed petroleum oils and distillates supplying countries in MENA were the United Arab Emirates, Saudi Arabia and Qatar, with a combined 70% share of total exports. Turkey, Algeria, Egypt and Bahrain lagged somewhat behind, together comprising a further 28%.
What are the leading importers of processed petroleum oils and distillates in MENA?
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In value terms, the United Arab Emirates constitutes the largest market for imported processed petroleum oils and distillates in MENA, comprising 21% of total imports. The second position in the ranking was held by Morocco, with an 11% share of total imports. It was followed by Iraq, with a 9.3% share.
What is the average export price for processed petroleum oils and distillates in MENA?
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In 2021, the export price in MENA amounted to $511 per ton, increasing by 23% against the previous year.
What is the average import price for processed petroleum oils and distillates in MENA?
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The import price in MENA stood at $450 per ton in 2021, with an increase of 18% against the previous year.

This report provides an in-depth analysis of the market for processed petroleum oils and distillates in MENA. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.


Product coverage:
Country coverage:
• Bahrain
• Djibouti
• Jordan
• Lebanon
• Palestine
• Syrian Arab Republic
• Tunisia
• Yemen

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Production in MENA, split by region and country
• Trade (exports and imports) in MENA
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles

Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
REPORT DESCRIPTION
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
CONSUMPTION BY COUNTRY
3.3
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
7.2
PRODUCTION BY COUNTRY
8. IMPORTS

The Largest Importers on The Market and How They Succeed

8.1
IMPORTS FROM 2012–2022
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Exporters on The Market and How They Succeed

9.1
EXPORTS FROM 2012–2022
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

11. COUNTRY PROFILES

The Largest Markets And Their Profiles

• Algeria
• Bahrain
• Djibouti
• Egypt
• Iran
• Iraq
• Israel
• Jordan
• Kuwait
• Lebanon
• Libya
• Morocco
• Oman
• Palestine
• Qatar
• Saudi Arabia
• Syrian Arab Republic
• Tunisia
• Turkey
• United Arab Emirates
• Yemen
LIST OF TABLES
Table 1:
Key Findings In 2022
Table 2:
Market Volume, In Physical Terms, 2012–2022
Table 3:
Market Value, 2012–2022
Table 4:
Per Capita Consumption, By Country, 2018–2022
Table 5:
Production, In Physical Terms, By Country, 2012–2022
Table 6:
Imports, In Physical Terms, By Country, 2012–2022
Table 7:
Imports, In Value Terms, By Country, 2012–2022
Table 8:
Import Prices, By Country Of Destination, 2012–2022
Table 9:
Exports, In Physical Terms, By Country, 2012–2022
Table 10:
Exports, In Value Terms, By Country, 2012–2022
Table 11:
Export Prices, By Country Of Origin, 2012–2022
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2012–2022
Figure 2:
Market Value, 2012–2022
Figure 3:
Consumption, By Country, 2022
Figure 4:
Market Forecast To 2030
Figure 5:
Products: Market Size And Growth, By Type
Figure 6:
Products: Average Per Capita Consumption, By Type
Figure 7:
Products: Exports And Growth, By Type
Figure 8:
Products: Export Prices And Growth, By Type
Figure 9:
Production Volume And Growth
Figure 10:
Exports And Growth
Figure 11:
Export Prices And Growth
Figure 12:
Market Size And Growth
Figure 13:
Per Capita Consumption
Figure 14:
Imports And Growth
Figure 15:
Import Prices
Figure 16:
Production, In Physical Terms, 2012–2022
Figure 17:
Production, In Value Terms, 2012–2022
Figure 18:
Production, By Country, 2022
Figure 19:
Production, In Physical Terms, By Country, 2012–2022
Figure 20:
Imports, In Physical Terms, 2012–2022
Figure 21:
Imports, In Value Terms, 2012–2022
Figure 22:
Imports, In Physical Terms, By Country, 2022
Figure 23:
Imports, In Physical Terms, By Country, 2012–2022
Figure 24:
Imports, In Value Terms, By Country, 2012–2022
Figure 25:
Import Prices, By Country, 2012–2022
Figure 26:
Exports, In Physical Terms, 2012–2022
Figure 27:
Exports, In Value Terms, 2012–2022
Figure 28:
Exports, In Physical Terms, By Country, 2022
Figure 29:
Exports, In Physical Terms, By Country, 2012–2022
Figure 30:
Exports, In Value Terms, By Country, 2012–2022
Figure 31:
Export Prices, 2012–2022
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