South Africa - Processed Petroleum Oils and Distillates - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Processed Petroleum Oils and Distillates in South Africa - 2023
Contents:
- Price for Processed Petroleum Oils and Distillates in South Africa (CIF) - 2022
- Price for Processed Petroleum Oils and Distillates in South Africa (FOB) - 2023
- Imports of Processed Petroleum Oils and Distillates in South Africa
- Exports of Processed Petroleum Oils and Distillates in South Africa
Price for Processed Petroleum Oils and Distillates in South Africa (CIF) - 2022
In 2022, the average import price for processed petroleum oils and distillates amounted to $618 per ton, remaining constant against the previous year. Over the period under review, the import price, however, continues to indicate a abrupt decrease. The pace of growth appeared the most rapid in 2021 an increase of 195% against the previous year. Over the period under review, average import prices attained the peak figure at $1,167 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the Netherlands ($780 per ton), while the price for Brazil ($402 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (-3.6%), while the prices for the other major suppliers experienced a decline.
Price for Processed Petroleum Oils and Distillates in South Africa (FOB) - 2023
In July 2023, the average export price for processed petroleum oils and distillates amounted to $1,149 per ton, growing by 45% against the previous month. In general, the export price recorded a relatively flat trend pattern. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by the country of destination: the country with the highest price was Mauritius ($3,631 per ton), while the average price for exports to the United States ($608 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Mauritius (+4.1%), while the prices for the other major destinations experienced a decline.
Imports of Processed Petroleum Oils and Distillates in South Africa
For the fourth year in a row, South Africa recorded growth in overseas purchases of processed petroleum oils and distillates, which increased by 124% to 22M tons in 2022. In general, imports continue to indicate significant growth. The pace of growth was the most pronounced in 2020 with an increase of 168% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the immediate term.
In value terms, processed petroleum oils and distillates imports surged to $13.7B in 2022. Over the period under review, imports enjoyed a significant increase. The growth pace was the most rapid in 2021 when imports increased by 291% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.
Import of Processed Petroleum Oils and Distillates in South Africa (Million USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
India | 379 | 410 | 1,143 | 3,889 | 117.3% |
Turkey | 0.8 | 42.2 | 195 | 1,173 | 1036.1% |
Malaysia | 131 | 46.9 | 169 | 938 | 92.7% |
Singapore | 213 | 57.9 | 73.1 | 809 | 56.0% |
Netherlands | 71.0 | 163 | 317 | 674 | 111.7% |
China | 65.7 | 10.5 | 14.5 | 575 | 106.1% |
United Arab Emirates | 81.0 | 88.0 | 140 | 433 | 74.9% |
Belgium | 18.5 | 18.4 | 103 | 334 | 162.3% |
Brazil | 10.2 | 2.8 | 23.4 | 297 | 207.6% |
Italy | 123 | 37.0 | 418 | 249 | 26.5% |
South Korea | 15.6 | 24.8 | 38.6 | 191 | 130.5% |
United States | 101 | 57.0 | 130 | 190 | 23.4% |
Sweden | 16.9 | 37.8 | 1.8 | 135 | 99.9% |
Others | 489 | 566 | 3,345 | 3,820 | 98.4% |
Total | 1,716 | 1,564 | 6,111 | 13,708 | 99.9% |
Top Suppliers of Processed Petroleum Oils and Distillates to South Africa in 2022:
- India (5.8M tons)
- Turkey (1.8M tons)
- Malaysia (1.7M tons)
- Singapore (1.4M tons)
- China (1.1M tons)
- Netherlands (0.9M tons)
- Brazil (0.7M tons)
- United Arab Emirates (0.7M tons)
- Belgium (0.6M tons)
- Italy (0.5M tons)
- South Korea (0.4M tons)
- United States (0.3M tons)
- Sweden (0.3M tons)
Exports of Processed Petroleum Oils and Distillates in South Africa
In 2022, the amount of processed petroleum oils and distillates exported from South Africa skyrocketed to 3.7M tons, with an increase of 49% against 2021. Overall, exports, however, continue to indicate a relatively flat trend pattern.
In value terms, processed petroleum oils and distillates exports soared to $1.6B in 2022. In general, exports, however, saw a deep setback.
Export of Processed Petroleum Oils and Distillates in South Africa (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Botswana | 744 | 443 | 527 | 721 | -1.0% |
Democratic Republic of the Congo | 56.3 | 35.2 | N/A | 413 | 94.3% |
Lesotho | 198 | 107 | 122 | 153 | -8.2% |
Zimbabwe | 77.0 | 51.2 | 82.9 | 73.3 | -1.6% |
Zambia | 72.2 | 50.0 | 53.5 | 68.5 | -1.7% |
Mauritius | 121 | 11.1 | 4.0 | 52.1 | -24.5% |
Namibia | 341 | 110 | 64.2 | 38.2 | -51.8% |
Mozambique | 100 | 25.8 | 27.5 | 36.4 | -28.6% |
United Arab Emirates | 34.9 | 31.7 | 4.0 | 1.9 | -62.1% |
Swaziland | 127 | 76.9 | 94.0 | N/A | -14.0% |
Others | 201 | 123 | 125 | 82.0 | -25.8% |
Total | 2,071 | 1,066 | 1,104 | 1,640 | -7.5% |
Top Export Markets for Processed Petroleum Oils and Distillates from South Africa in 2022:
- Botswana (1642.7K tons)
- Democratic Republic of the Congo (922.1K tons)
- Lesotho (383.5K tons)
- Mauritius (164.5K tons)
- Zimbabwe (119.3K tons)
- Zambia (106.6K tons)
- Namibia (93.6K tons)
- Mozambique (72.2K tons)
- United Arab Emirates (14.9K tons)
This report provides an in-depth analysis of the market for processed petroleum oils and distillates in South Africa. 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 2030.
Product coverage:
Country coverage:
- South Africa
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in South Africa
- 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:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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