Singapore: Petroleum Market 2020

Petroleum Market Size in Singapore

The revenue of the petroleum market in Singapore amounted to $X in 2017, going up by X% against the previous year. Overall, petroleum consumption continues to indicate a prominent increase. The growth pace was the most rapid in 2017, when market value increased by X% year-to-year. In that year, the petroleum market reached their peak level, and is likely to continue its growth in the immediate term.

Petroleum Production in Singapore

In 2017, approx. X tonnes of petroleum were produced in Singapore; picking up by X% against the previous year. The total output volume increased an average annual rate of +X% over the period from 2007 to 2017; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2012, when the output figure increased by X% year-to-year. In that year, the petroleum production attained their peak volume of X tonnes. From 2013 to 2017, growth of the petroleum production stood at a somewhat lower level.

Petroleum Exports from Singapore

In 2017, exports of petroleum from Singapore stood at X tonnes, growing by X% against the previous year. The total export volume increased an average annual rate of +X% from 2007 to 2017; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded over the period under review. The most prominent rate of growth was recorded in 2010, with an increase of X% year-to-year. Over the period under review, the petroleum exports attained its maximum volume of X tonnes in 2011; however, from 2012 to 2017, it stood at a somewhat lower level.

In value terms, petroleum exports amounted to $X in 2017. In general, petroleum exports continue to indicate a slight growth. Singapore exports peaked of $X in 2011; however, from 2012 to 2017, it stood at a somewhat lower level.

Petroleum Exports by Country from Singapore

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) were the major 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) occupied 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 U.S. ($X), Russia ($X) and Singapore ($X) were the countries with the highest levels of exports in 2017, with a combined X% share of total exports.

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

Petroleum Export Prices by Country in Singapore

In 2017, the petroleum export price in Singapore amounted to $X per tonne, coming up by X% against the previous year. In general, petroleum export price continues to indicate a slight deduction. The growth pace was the most rapid in 2008, when it surged by X% year-to-year. Singapore export price peaked of $X per tonne in 2012; however, from 2013 to 2017, it failed to regain its momentum.

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 Singapore

Petroleum imports into Singapore stood at X tonnes in 2017, going up by X% against the previous year. The total import volume increased an average annual rate of +X% over the period from 2007 to 2017; however, the trend pattern indicated some noticeable fluctuations in certain years. The pace of growth appeared the most rapid in 2008, with an increase of X% year-to-year. Over the period under review, the petroleum imports attained its maximum volume of X tonnes in 2011; however, from 2012 to 2017, it stood at a somewhat lower level.

In value terms, petroleum imports totaled $X in 2017. Overall, petroleum imports continue to indicate a strong increase. Over the period under review, the petroleum imports attained its maximum level of $X in 2011; however, from 2012 to 2017, it stood at a somewhat lower level.

Petroleum Imports by Country into Singapore

The U.S. (X tonnes) and Singapore (X tonnes) were the key importers of petroleum in 2017, accounting for near X% and X% of total imports, respectively. It was followed by the Netherlands (X tonnes), committing X% share of total imports. 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) took the slight share 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 and Canada, which together accounted for a further X%.

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

Petroleum Import Prices by Country in Singapore

The petroleum import price in Singapore stood at $X per tonne in 2017, growing by X% against the previous year. In general, petroleum import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2008, when the import prices increased by X% against the previous year. Singapore import price peaked of $X per tonne in 2011; however, from 2012 to 2017, it stood at a somewhat lower level.

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 the UK (-X% per year), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform