SADC: Market for Processed Petroleum Oils and Distillates 2023

Market Size for Processed Petroleum Oils and Distillates in SADC

After nine years of growth, the SADC market for processed petroleum oils and distillates decreased by -20.4% to $X in 2021. Overall, consumption, however, enjoyed significant growth. Over the period under review, the market reached the peak level at $X in 2020, and then shrank rapidly in the following year.

Production of Processed Petroleum Oils and Distillates in SADC

In value terms, processed petroleum oils and distillates production soared to $X in 2021 estimated in export price. In general, production, however, showed a perceptible curtailment. 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 SADC

In 2021, overseas shipments of processed petroleum oils and distillates were finally on the rise to reach X tons after five years of decline. Over the period under review, exports enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2013 with an increase of 88% against the previous year. The volume of export peaked at X tons in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

In value terms, processed petroleum oils and distillates exports surged to $X in 2021. Overall, exports, however, saw a abrupt slump. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

South Africa prevails in exports structure, accounting for X tons, which was approx. 83% of total exports in 2021. It was distantly followed by Mozambique (X tons), creating a 6.4% share of total exports. The following exporters - Democratic Republic of the Congo (X tons), Seychelles (X tons) and Namibia (X tons) - together made up 9.2% of total exports.

Exports from South Africa increased at an average annual rate of +10.4% from 2012 to 2021. At the same time, Seychelles (+137.1%), Democratic Republic of the Congo (+92.4%) and Namibia (+12.9%) displayed positive paces of growth. Moreover, Seychelles emerged as the fastest-growing exporter exported in SADC, with a CAGR of +137.1% from 2012-2021. By contrast, Mozambique (-9.4%) illustrated a downward trend over the same period. From 2012 to 2021, the share of South Africa, Democratic Republic of the Congo and Seychelles increased by +19, +4 and +2.7 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) remains the largest processed petroleum oils and distillates supplier in SADC, comprising 78% of total exports. The second position in the ranking was held by Mozambique ($X), with a 6.6% share of total exports. It was followed by Democratic Republic of the Congo, with a 5.4% share.

From 2012 to 2021, the average annual growth rate of value in South Africa amounted to -6.2%. In the other countries, the average annual rates were as follows: Mozambique (-19.3% per year) and Democratic Republic of the Congo (+102.2% per year).

Export Prices by Country

The export price in SADC stood at $X per ton in 2021, growing by 11% against the previous year. Overall, the export price, however, showed a abrupt setback. The most prominent rate of growth was recorded in 2017 when the export price increased by 13%. The level of export peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was Namibia ($X per ton), while South Africa ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Democratic Republic of the Congo (+5.1%), while the other leaders experienced mixed trends in the export price figures.

Imports of Processed Petroleum Oils and Distillates

Imports in SADC

In 2021, purchases abroad of processed petroleum oils and distillates decreased by -29.1% to X tons for the first time since 2018, thus ending a two-year rising trend. Total imports indicated a pronounced increase from 2012 to 2021: its volume increased at an average annual rate of +4.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when imports increased by 67%. The volume of import peaked at X tons in 2020, and then fell dramatically in the following year.

In value terms, processed petroleum oils and distillates imports rose markedly to $X in 2021. In general, imports continue to indicate a abrupt slump. The pace of growth was the most pronounced in 2013 when imports increased by 38% against the previous year. As a result, imports attained the peak of $X. From 2014 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, Mozambique (X tons), distantly followed by Tanzania (X tons), Swaziland (X tons), Botswana (X tons), South Africa (X tons) and Madagascar (X tons) represented the largest importers of processed petroleum oils and distillates, together generating 79% of total imports. The following importers - Namibia (X tons), Zambia (X tons), Zimbabwe (X tons), Angola (X tons), Lesotho (X tons) and Democratic Republic of the Congo (X tons) - together made up 19% 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 Lesotho (with a CAGR of +187.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest processed petroleum oils and distillates importing markets in SADC were Mozambique ($X), Tanzania ($X) and Botswana ($X), together accounting for 62% of total imports.

Among the main importing countries, Mozambique, with a CAGR of +11.3%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in SADC stood at $X per ton in 2021, growing by 60% against the previous year. Overall, the import price, however, showed a abrupt descent. Over the period under review, import prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Zambia ($X per ton), while Swaziland ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Tanzania (-3.6%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Market Intelligence Platform

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