Spain: Petroleum Market 2020

Petroleum Market Size in Spain

The revenue of the petroleum market in Spain amounted to $X in 2017, jumping by X% against the previous year. In general, petroleum consumption continues to indicate a perceptible reduction. The pace of growth was the most pronounced in 2017, with an increase of X% y-o-y. Spain petroleum consumption peaked of $X in 2011; however, from 2012 to 2017, it failed to regain its momentum.

Petroleum Production in Spain

Petroleum production in Spain totaled X tonnes in 2017, lowering by -X% against the previous year. In general, petroleum production continues to indicate a mild reduction. The most prominent rate of growth was recorded in 2014, with an increase of X% against the previous year. Over the period under review, the petroleum production reached its maximum volume of X tonnes in 2016, and then declined slightly in the following year.

Petroleum Exports from Spain

Petroleum exports from Spain amounted to X tonnes in 2017, falling by -X% against the previous year. In general, petroleum exports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2011, when it surged by X% y-o-y. Spain exports peaked of X tonnes in 2015; however, from 2016 to 2017, it failed to regain its momentum.

In value terms, petroleum exports stood at $X in 2017. In general, petroleum exports continue to indicate a moderate increase. Spain exports peaked of $X in 2012; however, from 2013 to 2017, it failed to regain its momentum.

Petroleum Exports by Country from Spain

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 main exporters of petroleum, together committing 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) took the slight 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, together accounting for X% of total exports.

In terms of the main exporting countries , the U.S. (+X% per year) experienced 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 Spain

The petroleum export price in Spain stood at $X per tonne in 2017, growing by X% against the previous year. Overall, the export price indicated a conspicuous increase from 2007 to 2017: its price increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2017, an increase of X% y-o-y. Spain export price peaked of $X per tonne in 2012; however, from 2013 to 2017, it failed to regain its momentum.

There were significant differences in the average export prices amongst the major exporting countries. In 2017, 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 Spain

In 2017, imports of petroleum into Spain totaled X tonnes, going down by -X% against the previous year. Overall, petroleum imports continue to indicate an abrupt curtailment. The most prominent rate of growth was recorded in 2010, when it surged by X% y-o-y. Over the period under review, the petroleum imports attained its maximum volume of X tonnes in 2007; however, from 2008 to 2017, it failed to regain its momentum.

In value terms, petroleum imports totaled $X in 2017. Overall, petroleum imports continue to indicate a deep downturn. Spain imports peaked of $X in 2011; however, from 2012 to 2017, it stood at a somewhat lower level.

Petroleum Imports by Country into Spain

The U.S. (X tonnes) and Singapore (X tonnes) represented the main importers of petroleum in 2017, finishing at approx. X% and X% of total imports, respectively. It was followed by the Netherlands (X tonnes), creating 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) followed a long way behind the leaders.

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 largest petroleum markets worldwide were the U.S. ($X), Singapore ($X) and the Netherlands ($X), together comprising X% of total imports. Mexico, Germany, Belgium, France, the UK, Malaysia, Indonesia, China, Canada and Spain lagged somewhat behind, together accounting 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 Spain

In 2017, the petroleum import price in Spain amounted to $X per tonne, rising by X% against the previous year. Overall, petroleum import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2017, an increase of X% y-o-y. Spain import price peaked of $X per tonne in 2012; however, from 2013 to 2017, it failed to regain its momentum.

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

Source: IndexBox Platform