Pakistan: Market for Processed Petroleum Oils and Distillates 2024

Market Size for Processed Petroleum Oils and Distillates in Pakistan

The Pakistani market for processed petroleum oils and distillates declined to $X in 2022, which is down by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Processed petroleum oils and distillates consumption peaked at $X in 2016; however, from 2017 to 2022, consumption failed to regain momentum.

Production of Processed Petroleum Oils and Distillates in Pakistan

In value terms, processed petroleum oils and distillates production declined to $X in 2022 estimated in export price. Overall, production continues to indicate a slight slump. The pace of growth appeared the most rapid in 2015 with an increase of X%. Processed petroleum oils and distillates production peaked at $X in 2016; however, from 2017 to 2022, production stood at a somewhat lower figure.

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Exports of Processed Petroleum Oils and Distillates

Exports from Pakistan

After three years of decline, overseas shipments of processed petroleum oils and distillates increased by X% to X tons in 2022. Over the period under review, exports, however, faced a dramatic curtailment. Over the period under review, the exports attained the peak figure at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, processed petroleum oils and distillates exports soared to $X in 2022. Overall, exports, however, showed a sharp decline. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

The United Arab Emirates (X tons) was the main destination for processed petroleum oils and distillates exports from Pakistan, accounting for a X% share of total exports. It was followed by Oman (X tons), with a X% share of total exports. The third position in this ranking was taken by Afghanistan (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to the United Arab Emirates totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Oman (X% per year) and Afghanistan (X% per year).

In value terms, the United Arab Emirates ($X) remains the key foreign market for processed petroleum oils and distillates exports from Pakistan, comprising X% of total exports. The second position in the ranking was taken by Oman ($X), with a X% share of total exports. It was followed by Afghanistan, with a X% share.

From 2012 to 2022, the average annual growth rate of value to the United Arab Emirates stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Oman (X% per year) and Afghanistan (X% per year).

Export Prices by Country

In 2022, the average export price for processed petroleum oils and distillates amounted to $X per ton, waning by X% against the previous year. Over the period under review, the export price saw a perceptible reduction. The most prominent rate of growth was recorded in 2021 an increase of X%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Turkey ($X per ton), while the average price for exports to Japan ($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 Turkey (X%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Processed Petroleum Oils and Distillates

Imports into Pakistan

Processed petroleum oils and distillates imports into Pakistan shrank to X tons in 2022, reducing by X% compared with 2021 figures. Overall, imports, however, recorded prominent growth. The pace of growth was the most pronounced in 2017 with an increase of X%. Imports peaked at X tons in 2021, and then declined in the following year.

In value terms, processed petroleum oils and distillates imports skyrocketed to $X in 2022. In general, imports, however, posted a buoyant expansion. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the near future.

Imports by Country

China (X tons), the United Arab Emirates (X tons) and Singapore (X tons) were the main suppliers of processed petroleum oils and distillates imports to Pakistan, with a combined X% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest processed petroleum oils and distillates suppliers to Pakistan were China ($X), the United Arab Emirates ($X) and Singapore ($X), with a combined X% share of total imports.

China, with a CAGR of X%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average import price for processed petroleum oils and distillates amounted to $X per ton, jumping by X% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The import price peaked at $X per ton in 2016; however, from 2017 to 2022, import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were South Korea ($X per ton) and the Netherlands ($X per ton), while the price for China ($X per ton) and Singapore ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform

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