Uzbekistan: Market for Processed Petroleum Oils and Distillates 2024

Market Size for Processed Petroleum Oils and Distillates in Uzbekistan

The Uzbek market for processed petroleum oils and distillates contracted slightly to $X in 2022, with a decrease of X% against the previous year. In general, consumption, however, continues to indicate a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Production of Processed Petroleum Oils and Distillates in Uzbekistan

In value terms, processed petroleum oils and distillates production contracted to $X in 2022 estimated in export price. Over the period under review, production recorded a perceptible decline. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2019 to 2022, production growth remained at a lower figure.

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Exports of Processed Petroleum Oils and Distillates

Exports from Uzbekistan

After two years of decline, shipments abroad of processed petroleum oils and distillates increased by X% to X tons in 2022. In general, exports, however, faced a drastic downturn. Over the period under review, the exports attained the peak figure at X tons in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, processed petroleum oils and distillates exports skyrocketed to $X in 2022. Overall, exports continue to indicate moderate growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Kyrgyzstan (X tons), Tajikistan (X tons) and the United Arab Emirates (X tons) were the main destinations of processed petroleum oils and distillates exports from Uzbekistan, with a combined X% share of total exports.

From 2017 to 2022, the biggest increases were recorded for the United Arab Emirates (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for processed petroleum oils and distillates exported from Uzbekistan were Kyrgyzstan ($X), Tajikistan ($X) and Ukraine ($X), together accounting for X% of total exports. Kazakhstan, Lithuania, the United Arab Emirates, Azerbaijan and Turkey lagged somewhat behind, together comprising a further X%.

In terms of the main countries of destination, the United Arab Emirates, with a CAGR of X%, recorded 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 export price for processed petroleum oils and distillates stood at $X per ton in 2022, approximately reflecting the previous year. Over the period under review, the export price showed a significant increase. The pace of growth appeared the most rapid in 2021 when the average export price increased by X% against the previous year. The export price peaked in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Ukraine ($X per ton), while the average price for exports to Azerbaijan ($X per ton) was amongst the lowest.

From 2017 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Kazakhstan (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Processed Petroleum Oils and Distillates

Imports into Uzbekistan

For the fourth consecutive year, Uzbekistan recorded growth in overseas purchases of processed petroleum oils and distillates, which increased by X% to X tons in 2022. Overall, imports saw a resilient increase. The pace of growth appeared the most rapid in 2021 with an increase of X%. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in years to come.

In value terms, processed petroleum oils and distillates imports expanded markedly to $X in 2022. In general, imports recorded strong growth. The most prominent rate of growth was recorded in 2013 with an increase of X%. Imports peaked in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, Kazakhstan (X tons) constituted the largest processed petroleum oils and distillates supplier to Uzbekistan, with a X% share of total imports. Moreover, processed petroleum oils and distillates imports from Kazakhstan exceeded the figures recorded by the second-largest supplier, Kyrgyzstan (X tons), fourfold. The third position in this ranking was taken by China (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Kazakhstan stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Kyrgyzstan (X% per year) and China (X% per year).

In value terms, Kazakhstan ($X) constituted the largest supplier of processed petroleum oils and distillates to Uzbekistan, comprising X% of total imports. The second position in the ranking was held by Germany ($X), with a X% share of total imports. It was followed by South Korea, with a X% share.

From 2012 to 2022, the average annual growth rate of value from Kazakhstan totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and South Korea (X% per year).

Import Prices by Country

The average import price for processed petroleum oils and distillates stood at $X per ton in 2022, approximately mirroring the previous year. In general, the import price showed a pronounced setback. The pace of growth was the most pronounced in 2020 when the average import price increased by X% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Kyrgyzstan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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