United Kingdom - Tankers - Market Analysis, Forecast, Size, Trends and Insights
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View PricingTanker Price in the UK - 2023
Contents:
- Tanker Price in the UK (FOB) - 2022
- Tanker Price in the UK (CIF) - 2022
- Tanker Exports in the UK
- Tanker Imports in the UK
Tanker Price in the UK (FOB) - 2022
The average tanker export price stood at $26,597 per unit in 2022, picking up by 4% against the previous year. Overall, the export price, however, faced a sharp descent. The most prominent rate of growth was recorded in 2021 when the average export price increased by 130% against the previous year. Over the period under review, the average export prices hit record highs at $5,325,516 per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Chile ($105,826 per unit), while the average price for exports to Belgium ($1,233 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (+45.5%), while the prices for the other major destinations experienced a decline.
Tanker Price in the UK (CIF) - 2022
The average tanker import price stood at $1,206 per unit in 2022, therefore, remained relatively stable against the previous year. In general, the import price enjoyed resilient growth. The most prominent rate of growth was recorded in 2020 when the average import price increased by 87% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in the near future.
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 Belgium ($1,093 per unit), while the price for Singapore ($613 per unit) was amongst the lowest.
From 2018 to 2022, the most notable rate of growth in terms of prices was attained by China (-73.3%).
Tanker Exports in the UK
In 2022, exports of tankers from the UK was estimated at 7 units, almost unchanged from 2021 figures. In general, exports continue to indicate a relatively flat trend pattern. The exports peaked in 2022 and are likely to see gradual growth in years to come.
In value terms, tanker exports reached $186K in 2022. Over the period under review, exports showed a significant decrease. The pace of growth was the most pronounced in 2021 when exports increased by 130% against the previous year. Over the period under review, the exports attained the peak figure at $403K in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
| Export of Tanker in the UK (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Chile | N/A | N/A | N/A | 106 | 0% |
| Mexico | N/A | N/A | N/A | 50.6 | 0% |
| Poland | N/A | N/A | N/A | 15.2 | 0% |
| Bahrain | N/A | N/A | N/A | 8.9 | 0% |
| United Arab Emirates | N/A | 21.2 | N/A | 3.0 | -62.4% |
| Netherlands | N/A | N/A | 83.2 | 1.4 | -98.3% |
| Belgium | N/A | N/A | N/A | 1.2 | 0% |
| China | N/A | 5.0 | 7.2 | N/A | 44.0% |
| Germany | N/A | N/A | 1.4 | N/A | 0% |
| Australia | 7.5 | 3.7 | N/A | N/A | -50.7% |
| United States | 300 | 14.5 | 1.3 | N/A | -93.4% |
| France | N/A | N/A | 1.4 | N/A | 0% |
| Brazil | 28.3 | N/A | N/A | N/A | 0% |
| Others | 68.0 | 33.6 | 84.5 | N/A | 11.5% |
| Total | 403 | 77.9 | 179 | 186 | -22.7% |
Top Export Markets for Tanker from the UK in 2022:
- Bahrain (1.0 units)
- Netherlands (1.0 units)
- Mexico (1.0 units)
- United Arab Emirates (1.0 units)
- Poland (1.0 units)
- Chile (1.0 units)
- Belgium (1.0 units)
Tanker Imports in the UK
In 2022, approx. 57 units of tankers were imported into the UK; remaining stable against the year before. Over the period under review, imports showed a significant increase. The smallest decline of -44.4% was in 2020. Imports peaked in 2022 and are likely to see steady growth in the near future.
In value terms, tanker imports stood at $69K in 2022. Overall, imports recorded a significant increase. The most prominent rate of growth was recorded in 2020 when imports increased by 3.9%. Over the period under review, imports attained the peak figure in 2022 and are likely to see steady growth in the near future.
| Import of Tanker in the UK (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belgium | N/A | N/A | N/A | 55.8 | 0% |
| France | N/A | N/A | N/A | 2.7 | 0% |
| Singapore | N/A | N/A | N/A | 1.2 | 0% |
| Others | 1.4 | 1.4 | N/A | 9.0 | 85.9% |
| Total | 1.4 | 1.4 | N/A | 68.7 | 266.1% |
Top Suppliers of Tanker to the UK in 2022:
- Belgium (51.0 units)
- France (3.0 units)
- Singapore (2.0 units)
This report provides an in-depth analysis of the tanker market in the UK. 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:
- Prodcom 30112210 - Crude oil tankers
- Prodcom 30112230 - Oil product tankers
- Prodcom 30112250 - Chemical tankers
- Prodcom 30112270 - Gas carriers
Country coverage:
- United Kingdom
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the UK
- 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
-
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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