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Estonia - 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 Estonia - 2023
Contents:
- Price for Processed Petroleum Oils and Distillates in Estonia (CIF) - 2022
- Price for Processed Petroleum Oils and Distillates in Estonia (FOB) - 2022
- Imports of Processed Petroleum Oils and Distillates in Estonia
- Exports of Processed Petroleum Oils and Distillates in Estonia
Price for Processed Petroleum Oils and Distillates in Estonia (CIF) - 2022
The average import price for processed petroleum oils and distillates stood at $911 per ton in 2022, surging by 58% against the previous year. Over the period under review, the import price enjoyed slight growth. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($1,298 per ton), while the price for Belarus ($471 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kazakhstan (+3.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Processed Petroleum Oils and Distillates in Estonia (FOB) - 2022
The average export price for processed petroleum oils and distillates stood at $904 per ton in 2022, growing by 65% against the previous year. Overall, the export price continues to indicate slight growth. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Norway ($1,253 per ton), while the average price for exports to Belgium ($697 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Ecuador (+8.3%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Processed Petroleum Oils and Distillates in Estonia
After two years of decline, overseas purchases of processed petroleum oils and distillates increased by 9.9% to 2.2M tons in 2022. In general, imports, however, saw a drastic downturn.
In value terms, processed petroleum oils and distillates imports skyrocketed to $2B in 2022. Overall, imports posted a resilient increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
Import of Processed Petroleum Oils and Distillates in Estonia (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Lithuania | 484 | 240 | 394 | 828 | 19.6% |
Russia | 546 | 353 | 483 | 496 | -3.2% |
Finland | 137 | 183 | 153 | 204 | 14.2% |
Kazakhstan | N/A | 0.2 | 0.6 | 72.6 | 1805.3% |
Belgium | 6.2 | 2.1 | 2.9 | 68.6 | 122.8% |
Netherlands | 6.1 | 30.9 | 5.7 | 57.3 | 111.0% |
Poland | 8.2 | 2.6 | 3.2 | 56.2 | 90.0% |
India | N/A | N/A | N/A | 40.4 | 0% |
Belarus | 155 | 66.6 | 35.7 | 2.1 | -76.2% |
Others | 113 | 103 | 94.1 | 210 | 22.9% |
Total | 1,456 | 981 | 1,172 | 2,035 | 11.8% |
Top Suppliers of Processed Petroleum Oils and Distillates to Estonia in 2022:
- Lithuania (781.8K tons)
- Russia (645.1K tons)
- Finland (341.9K tons)
- Kazakhstan (97.8K tons)
- Belgium (54.3K tons)
- Poland (44.8K tons)
- Netherlands (44.2K tons)
- India (35.6K tons)
- Belarus (4.4K tons)
Exports of Processed Petroleum Oils and Distillates in Estonia
In 2022, exports of processed petroleum oils and distillates from Estonia dropped to 1.2M tons, with a decrease of -14% on the year before. Over the period under review, exports recorded a abrupt decline. The most prominent rate of growth was recorded in 2021 when exports increased by 5% against the previous year.
In value terms, processed petroleum oils and distillates exports soared to $1.1B in 2022. Overall, total exports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +7.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +78.4% against 2020 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
Export of Processed Petroleum Oils and Distillates in Estonia (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Belgium | 48.6 | 30.0 | 30.1 | 112 | 32.1% |
Guatemala | 5.0 | N/A | 5.1 | 101 | 172.3% |
Norway | 0.1 | 5.5 | 0.7 | 89.0 | 861.9% |
United Kingdom | 17.0 | 26.9 | 90.3 | 70.9 | 61.0% |
Denmark | 82.6 | 29.4 | 21.5 | 70.5 | -5.1% |
United States | 144 | 74.8 | 125 | 44.3 | -32.5% |
Canada | 58.8 | 42.4 | 72.6 | 36.4 | -14.8% |
Argentina | 29.3 | 30.0 | 7.1 | 31.9 | 2.9% |
Netherlands | 115 | 53.3 | 48.4 | 26.5 | -38.7% |
Latvia | 23.5 | 14.5 | 31.7 | 23.2 | -0.4% |
Lithuania | 8.0 | 12.7 | 15.3 | 22.2 | 40.5% |
Ecuador | N/A | 4.5 | N/A | 16.5 | 91.5% |
Switzerland | N/A | 0.8 | 5.7 | 12.7 | 298.4% |
Others | 349 | 291 | 319 | 440 | 8.0% |
Total | 880 | 615 | 772 | 1,098 | 7.7% |
Top Export Markets for Processed Petroleum Oils and Distillates from Estonia in 2022:
- Belgium (161.1K tons)
- Guatemala (97.1K tons)
- United Kingdom (82.2K tons)
- Denmark (77.5K tons)
- Norway (71.1K tons)
- United States (57.6K tons)
- Canada (34.9K tons)
- Argentina (30.6K tons)
- Netherlands (26.5K tons)
- Lithuania (22.5K tons)
- Latvia (19.6K tons)
- Ecuador (19.4K tons)
- Switzerland (17.2K tons)
This report provides an in-depth analysis of the market for processed petroleum oils and distillates in Estonia. 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:
- Estonia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Estonia
- 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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