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U.S. Petroleum Market. Analysis And Forecast to 2025
Update: COVID-19 Impact

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U.S.: Petroleum Market Overview 2021

Petroleum Market Size in the U.S.

In 2020, the U.S. petroleum market decreased by -X% to $X, falling for the second year in a row after two years of growth. In general, consumption saw a noticeable shrinkage. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Petroleum consumption peaked at $X in 2013; however, from 2014 to 2020, consumption stood at a somewhat lower figure.

Petroleum Production in the U.S.

In value terms, petroleum production declined modestly to $X in 2020. In general, production continues to indicate a pronounced decrease. The pace of growth appeared the most rapid in 2017 with an increase of X% year-to-year. Over the period under review, production reached the maximum level at $X in 2013; however, from 2014 to 2020, production failed to regain the momentum.

Petroleum Exports

Exports from the U.S.

In 2020, overseas shipments of petroleum decreased by -X% to X tonnes, falling for the second year in a row after three years of growth. In general, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when exports increased by X% against the previous year. Exports peaked at X tonnes in 2018; however, from 2019 to 2020, exports stood at a somewhat lower figure.

In value terms, petroleum exports fell markedly to $X in 2020. Over the period under review, exports, however, recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. Exports peaked at $X in 2018; however, from 2019 to 2020, exports failed to regain the momentum.

Exports by Country

Mexico (X tonnes), India (X tonnes) and China (X tonnes) were the main destinations of petroleum exports from the U.S., with a combined X% share of total exports. These countries were followed by Japan, Brazil, Turkey, Canada, Spain, Italy, Morocco and Pakistan, which together accounted for a further X 2013 to 2020, the biggest increases were in Pakistan (+X% per year), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Mexico ($X), Canada ($X) and China ($X) were the largest markets for petroleum exported from the U.S. worldwide, together accounting for X% of total exports. These countries were followed by Japan, India, Brazil, Spain, Turkey, Italy, Morocco and Pakistan, which together accounted for a further X the main countries of destination, Pakistan (+X% per year) saw the highest growth rate of 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 average petroleum export price stood at $X per tonne in 2020, declining by -X% against the previous year. In general, the export price recorded a abrupt decrease. The most prominent rate of growth was recorded in 2017 an increase of X% y-o-y. The export price peaked at $X per tonne in 2018; however, from 2019 to 2020, export prices stood at a somewhat lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Canada ($X per tonne), while the average price for exports to Pakistan ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Spain, while the prices for the other major destinations experienced a decline.

Petroleum Imports

Imports into the U.S.

In 2020, approx. X tonnes of petroleum were imported into the U.S.; falling by -X% compared with 2019 figures. Over the period under review, imports showed a mild downturn. The pace of growth was the most pronounced in 2015 with an increase of X% against the previous year. Imports peaked at X tonnes in 2018; however, from 2019 to 2020, imports remained at a lower figure.

In value terms, petroleum imports declined dramatically to $X in 2020. In general, imports recorded a deep contraction. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. As a result, imports attained the peak of $X. From 2019 to 2020, the growth imports remained at a lower figure.

Imports by Country

In 2020, Canada (X tonnes) constituted the largest supplier of petroleum to the U.S., accounting for a X% share of total imports. Moreover, petroleum imports from Canada exceeded the figures recorded by the second-largest supplier, Spain (X tonnes), more than tenfold. The third position in this ranking was occupied by Turkey (X tonnes), with a X% share.

From 2013 to 2020, the average annual growth rate of volume from Canada stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (-X% per year) and Turkey (+X% per year).

In value terms, Canada ($X) constituted the largest supplier of petroleum to the U.S., comprising X% of total imports. The second position in the ranking was occupied by Turkey ($X), with a X% share of total imports. It was followed by Greece, with a X% share.

From 2013 to 2020, the average annual rate of growth in terms of value from Canada amounted to -X%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+X% per year) and Greece (+X% per year).

Import Prices by Country

In 2020, the average petroleum import price amounted to $X per tonne, which is down by -X% against the previous year. Overall, the import price showed a abrupt descent. The pace of growth was the most pronounced in 2018 an increase of X% against the previous year. Over the period under review, average import prices reached the maximum at $X per tonne in 2014; however, from 2015 to 2020, import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2020, the countries with the highest prices were Greece ($X per tonne) and Turkey ($X per tonne), while the price for Spain ($X per tonne) and Canada ($X per tonne) were amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Spain, while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the leading suppliers of petroleum to the U.S.?
+
In value terms, Canada ($752M) constituted the largest supplier of petroleum to the U.S., comprising 82% of total imports. The second position in the ranking was occupied by Turkey ($39M), with a 4.3% share of total imports. It was followed by Greece, with a 3.8% share.
What are the leading importers of petroleum from the U.S.?
+
In value terms, the largest markets for petroleum exported from the U.S. were Mexico ($769M), Canada ($457M) and China ($305M), with a combined 40% share of total exports. These countries were followed by Japan, India, Brazil, Spain, Turkey, Italy, Morocco and Pakistan, which together accounted for a further 28%.
What is the average export price for petroleum in the U.S.?
+
In 2020, the average petroleum export price amounted to $101 per tonne, waning by -22.5% against the previous year.
What is the average import price for petroleum in the U.S.?
+
In 2020, the average petroleum import price amounted to $296 per tonne, waning by -40.1% against the previous year.

Product coverage:
• NAICS 324110 - Petroleum refineries

This report provides an in-depth analysis of the petroleum market in the U.S.. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2025.


Companies mentioned:
• Chevron Corporation
• Exxon Mobil Corporation
• Valero Energy Corporation
• Koch Industries
• Hollyfrontier Corporation
• Calumet Specialty Products Partners
• United Refining Company
• Western Refining
• Alon USA Energy
• Pbf Energy Company
• Pbf Energy
• Cvr Energy
• Murphy Oil Usa
• Chc McPherson Refinery
• BP America
• Delek US Holdings
• Marathon Petroleum Corporation
• Placid Refining Company
• Cvr Refining
• Northern Tier Energy
• Paulsboro Refining Company
• United Refining
• Valero Refining-New Orleans
• Shell Petroleum
• Exxonmobil Oil Corporation
• Placid Holding Company
• The Sinclair Companies
• United Acquisition Corp.
• Alon Refining Krotz Springs
• Pbf Holding Company
• Phillips 66 Company
• Alon USA Partners
• BP Corporation North America

Country coverage:
• USA

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in the U.S.
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles

Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2013–2020
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2013–2020
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2020
Table 2:
Market Volume, In Physical Terms, 2013–2020
Table 3:
Market Value, 2013–2020
Table 4:
Per Capita Consumption In 2013–2020
Table 5:
Imports, In Physical Terms, By Country, 2013–2020
Table 6:
Imports, In Value Terms, By Country, 2013–2020
Table 7:
Import Prices, By Country Of Origin, 2013–2020
Table 8:
Exports, In Physical Terms, By Country, 2013–2020
Table 9:
Exports, In Value Terms, By Country, 2013–2020
Table 10:
Export Prices, By Country Of Destination, 2013–2020
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2013–2020
Figure 2:
Market Value, 2013–2020
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2013–2020
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2013–2020
Figure 5:
Trade Balance, In Physical Terms, 2013–2020
Figure 6:
Trade Balance, In Value Terms, 2013–2020
Figure 7:
Per Capita Consumption, 2013–2020
Figure 8:
Market Forecast To 2025
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2013–2020
Figure 21:
Production, In Value Terms, 2013–2020
Figure 22:
Imports, In Physical Terms, 2013–2020
Figure 23:
Imports, In Value Terms, 2013–2020
Figure 24:
Imports, In Physical Terms, By Country, 2020
Figure 25:
Imports, In Physical Terms, By Country, 2013–2020
Figure 26:
Imports, In Value Terms, By Country, 2013–2020
Figure 27:
Import Prices, By Country Of Origin, 2013–2020
Figure 28:
Exports, In Physical Terms, 2013–2020
Figure 29:
Exports, In Value Terms, 2013–2020
Figure 30:
Exports, In Physical Terms, By Country, 2020
Figure 31:
Exports, In Physical Terms, By Country, 2013–2020
Figure 32:
Exports, In Value Terms, By Country, 2013–2020
Figure 33:
Export Prices, By Country Of Destination, 2013–2020

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