SADC: Market for Processed Petroleum Oils and Distillates 2024

Market Size for Processed Petroleum Oils and Distillates in SADC

The SADC market for processed petroleum oils and distillates skyrocketed to $X in 2022, increasing by X% against the previous year. The total consumption indicated moderate growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2020 indices. Over the period under review, the market reached the peak level in 2022 and is expected to retain growth in the near future.

Production of Processed Petroleum Oils and Distillates in SADC

In value terms, processed petroleum oils and distillates production reduced to $X in 2022 estimated in export price. In general, production continues to indicate a perceptible reduction. The pace of growth was the most pronounced in 2021 with an increase of X%. The level of production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

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Exports of Processed Petroleum Oils and Distillates

Exports in SADC

In 2022, shipments abroad of processed petroleum oils and distillates increased by X% to X tons, rising for the second year in a row after three years of decline. Over the period under review, exports saw a remarkable increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, processed petroleum oils and distillates exports surged to $X in 2022. In general, exports posted a prominent expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

South Africa was the key exporter of processed petroleum oils and distillates in SADC, with the volume of exports amounting to X tons, which was near X% of total exports in 2022. Mozambique (X tons) took the second position in the ranking, followed by Angola (X tons) and Namibia (X tons). All these countries together held approx. X% share of total exports. The following exporters - Seychelles (X tons) and Democratic Republic of the Congo (X tons) - together made up X% of total exports.

From 2012 to 2022, average annual rates of growth with regard to processed petroleum oils and distillates exports from South Africa stood at X%. At the same time, Seychelles (X%), Namibia (X%), Angola (X%) and Mozambique (X%) displayed positive paces of growth. Moreover, Seychelles emerged as the fastest-growing exporter exported in SADC, with a CAGR of X% from 2012-2022. By contrast, Democratic Republic of the Congo (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Angola, Namibia, South Africa and Seychelles increased by X, X, X and X percentage points, respectively.

In value terms, South Africa ($X), Mozambique ($X) and Angola ($X) were the countries with the highest levels of exports in 2022, together comprising X% of total exports. Seychelles, Democratic Republic of the Congo and Namibia lagged somewhat behind, together comprising a further X%.

In terms of the main exporting countries, Seychelles, with a CAGR of X%, 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 more modest paces of growth.

Export Prices by Country

The export price in SADC stood at $X per ton in 2022, rising by X% against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the export price increased by X% against the previous year. The level of export peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Mozambique ($X per ton), while Namibia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mozambique (X%), while the other leaders experienced mixed trends in the export price figures.

Imports of Processed Petroleum Oils and Distillates

Imports in SADC

For the fourth year in a row, SADC recorded growth in purchases abroad of processed petroleum oils and distillates, which increased by X% to X tons in 2022. Overall, imports recorded a strong increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, processed petroleum oils and distillates imports skyrocketed to $X in 2022. Over the period under review, imports saw a resilient increase. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum in 2022 and are likely to see steady growth in the immediate term.

Imports by Country

South Africa represented the main importing country with an import of about X tons, which resulted at X% of total imports. Mozambique (X tons) ranks second in terms of the total imports with a X% share, followed by Tanzania (X%) and Angola (X%). The following importers - Botswana (X tons), Mauritius (X tons) and Madagascar (X tons) - together made up X% of total imports.

From 2012 to 2022, the biggest increases were recorded for Mozambique (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, South Africa ($X) constitutes the largest market for imported processed petroleum oils and distillates in SADC, comprising X% of total imports. The second position in the ranking was held by Mozambique ($X), with a X% share of total imports. It was followed by Tanzania, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in South Africa amounted to X%. The remaining importing countries recorded the following average annual rates of imports growth: Mozambique (X% per year) and Tanzania (X% per year).

Import Prices by Country

In 2022, the import price in SADC amounted to $X per ton, picking up by X% against the previous year. Overall, the import price, however, showed a abrupt contraction. The pace of growth was the most pronounced in 2021 when the import price increased by X% against the previous year. Over the period under review, import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Angola ($X per ton), while Mozambique ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mauritius (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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