United Arab Emirates: Petroleum Market 2020

Petroleum Market Size in the United Arab Emirates

The revenue of the petroleum market in the United Arab Emirates amounted to $X in 2017, lowering by -X% against the previous year. Overall, petroleum consumption continues to indicate a significant contraction. The most prominent rate of growth was recorded in 2008, with an increase of X% year-to-year. Over the period under review, the petroleum market attained its peak figure level of $X in 2015; however, from 2016 to 2017, it stood at a somewhat lower level.

Petroleum Production in the United Arab Emirates

In 2017, production of petroleum in the United Arab Emirates stood at X tonnes, surging by X% against the previous year. Overall, the total output indicated a prominent expansion from 2007 to 2017: its volume increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the petroleum production increased by +X% against 2009 indices. The growth pace was the most rapid in 2017, when the output figure increased by X% y-o-y. In that year, the petroleum production reached their peak volume, and is likely to continue its growth in the immediate term.

Petroleum Exports in the United Arab Emirates

In 2017, approx. X tonnes of petroleum were exported from the United Arab Emirates; coming up by X% against the previous year. In general, petroleum exports continue to indicate a mild growth. The most prominent rate of growth was recorded in 2017, with an increase of X% y-o-y. The United Arab Emirates exports peaked of X tonnes in 2008; however, from 2009 to 2017, it failed to regain its momentum.

In value terms, petroleum exports totaled $X in 2017. In general, petroleum exports continue to indicate a strong expansion. The United Arab Emirates exports peaked of $X in 2013; however, from 2014 to 2017, it stood at a somewhat lower level.

Petroleum Exports by Country in the United Arab Emirates

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 key 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) occupied 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 largest petroleum markets worldwide were the U.S. ($X), Russia ($X) and Singapore ($X), with a combined X% share of total exports.

In terms of the main exporting countries , the U.S. (+X% per year) recorded the highest rates of growth with regard to exports, over the last decade, while the other leaders experienced more modest paces of growth.

Petroleum Export Prices by Country in the United Arab Emirates

The petroleum export price in the United Arab Emirates stood at $X per tonne in 2017, going up by X% against the previous year. Overall, petroleum export price continues to indicate a temperate increase. The most prominent rate of growth was recorded in 2011, an increase of X% year-to-year. The United Arab Emirates export price peaked of $X per tonne in 2013; however, from 2014 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 India ($X per tonne), while the U.S. ($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 India (+X% per year), while the other leaders experienced more modest paces of growth.

Petroleum Imports in the United Arab Emirates

In 2017, the amount of petroleum imported into the United Arab Emirates stood at X tonnes, surging by X% against the previous year. Overall, petroleum imports continue to indicate a prominent increase. The pace of growth appeared the most rapid in 2016, with an increase of X% against the previous year. The United Arab Emirates imports peaked in 2017, and are likely to continue its growth in the near future.

In value terms, petroleum imports amounted to $X in 2017. Overall, petroleum imports continue to indicate a prominent increase. Over the period under review, the petroleum imports reached its maximum level in 2017, and are likely to see steady growth in the immediate term.

Petroleum Imports by Country in the United Arab Emirates

The U.S. (X tonnes) and Singapore (X tonnes) represented the key importers of petroleum in 2017, accounting for approx. X% and X% of total imports, respectively. It was followed by the Netherlands (X tonnes), mixed up 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 mild 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 the United Arab Emirates (+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), with a combined X% share of total imports. These countries were followed by Mexico, Germany, Belgium, France, the UK, Malaysia, Indonesia, China, Canada and the United Arab Emirates, which together accounted for a further X%.

Among the main importing countries , the United Arab Emirates (+X% per year) experienced the highest rates of growth with regard to imports, over the last decade, while the other leaders experienced more modest paces of growth.

Petroleum Import Prices by Country in the United Arab Emirates

The petroleum import price in the United Arab Emirates stood at $X per tonne in 2017, dropping by -X% against the previous year. In general, petroleum import price continues to indicate an abrupt setback. The growth pace was the most rapid in 2008, when it surged by X% y-o-y. Over the period under review, the import prices for petroleum reached its maximum level 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 Singapore (+X% per year), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform