Germany - Crude Petroleum Oil - Market Analysis, Forecast, Size, Trends And Insights
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View PricingCrude Oil Price in Germany - 2023
Contents:
- Crude Oil Price in Germany (CIF) - 2023
- Crude Oil Price in Germany (FOB) - 2023
- Crude Oil Imports in Germany
- Crude Oil Exports in Germany
Crude Oil Price in Germany (CIF) - 2023
In July 2023, the average crude oil import price amounted to $618 per ton, surging by 3.5% against the previous month. Overall, the import price, however, continues to indicate a perceptible decrease. The pace of growth was the most pronounced in April 2023 an increase of 10% m-o-m. The import price peaked at $806 per ton in July 2022; however, from August 2022 to July 2023, import prices remained at a lower figure.
Average prices varied noticeably amongst the major supplying countries. In July 2023, the highest price was recorded for prices from the United States ($672 per ton) and the United Arab Emirates ($646 per ton), while the price for Canada ($546 per ton) and Norway ($596 per ton) were amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (-2.2%), while the prices for the other major suppliers experienced a decline.
Crude Oil Price in Germany (FOB) - 2023
The average crude oil export price stood at $447 per ton in June 2023, almost unchanged from the previous month. In general, the export price continues to indicate a perceptible contraction. The pace of growth was the most pronounced in April 2023 an increase of 21% m-o-m. Over the period under review, the average export prices hit record highs at $721 per ton in June 2022; however, from July 2022 to June 2023, the export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for Austria.
From June 2022 to June 2023, the rate of growth in terms of prices for Austria amounted to -3.9% per month.
Crude Oil Imports in Germany
In 2022, purchases abroad of crude petroleum oil was finally on the rise to reach 86M tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports saw a relatively flat trend pattern. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, crude oil imports surged to $62.4B in 2022. In general, imports saw a buoyant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
Import of Crude Oil in Germany (Billion USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Russia | 12.0 | 8.0 | 11.5 | 12.5 | 1.4% |
United States | 2.4 | 3.4 | 4.2 | 8.6 | 53.0% |
Norway | 4.1 | 2.1 | 3.1 | 7.6 | 22.8% |
Netherlands | 4.4 | 3.0 | 5.0 | 7.1 | 17.3% |
Kazakhstan | 3.2 | 2.5 | 4.0 | 6.4 | 26.0% |
United Kingdom | 3.1 | 2.6 | 3.0 | 4.5 | 13.2% |
Libya | 4.3 | 0.8 | 3.6 | 3.7 | -4.9% |
Others | 7.4 | 5.0 | 5.8 | 12.0 | 17.5% |
Total | 40.7 | 27.4 | 40.3 | 62.4 | 15.3% |
Top Suppliers of Crude Oil to Germany in 2022:
- Russia (21.6M tons)
- United States (10.6M tons)
- Norway (10.0M tons)
- Netherlands (9.4M tons)
- Kazakhstan (8.2M tons)
- United Kingdom (5.9M tons)
- Libya (4.9M tons)
Crude Oil Exports in Germany
In 2022, the amount of crude petroleum oil exported from Germany dropped remarkably to 13K tons, shrinking by -97.5% against 2021 figures. Overall, exports showed a sharp decline. The pace of growth appeared the most rapid in 2021 with an increase of 1,672%. As a result, the exports attained the peak of 541K tons, and then shrank notably in the following year.
In value terms, crude oil exports declined remarkably to $5.6M in 2022. In general, exports continue to indicate a dramatic decline. The growth pace was the most rapid in 2021 with an increase of 3,558%. As a result, the exports attained the peak of $292M, and then contracted markedly in the following year.
Export of Crude Oil in Germany (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Spain | 42.0 | N/A | 4.3 | 4.1 | -54.0% |
Austria | 0.7 | 0.4 | 0.1 | 1.5 | 28.9% |
United Kingdom | N/A | 5.8 | N/A | N/A | 0% |
Italy | N/A | N/A | 57.3 | N/A | 0% |
Netherlands | N/A | 1.8 | 231 | N/A | 12733.3% |
Others | N/A | N/A | N/A | N/A | 0% |
Total | 42.8 | 8.0 | 292 | 5.6 | -49.2% |
Top Export Markets for Crude Oil from Germany in 2022:
- Spain (7.9K tons)
- Austria (5.4K tons)
This report provides an in-depth analysis of the crude oil market in Germany. 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:
- Germany
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Germany
- 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
This report provides an in-depth analysis of the crude oil market in Germany.
This report provides an in-depth analysis of the market for crude oil and processed petroleum in Germany.
This report provides an in-depth analysis of the global crude oil market.
This report provides an in-depth analysis of the global market for crude oil and processed petroleum.
This report provides an in-depth analysis of the crude oil market in Germany.
This report provides an in-depth analysis of the market for crude oil and processed petroleum in Germany.
This report provides an in-depth analysis of the global crude oil market.
This report provides an in-depth analysis of the global market for crude oil and processed petroleum.
Explore the top import markets for crude oil and examine key statistics related to their import value. China, the United States, and India lead the pack.
Explore the top import markets for crude oil and examine key statistics related to their import value. China, the United States, and India lead the pack.