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Luxembourg - 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 Luxembourg - 2023
Contents:
- Price for Processed Petroleum Oils and Distillates in Luxembourg (CIF) - 2023
- Price for Processed Petroleum Oils and Distillates in Luxembourg (FOB) - 2023
- Imports of Processed Petroleum Oils and Distillates in Luxembourg
- Exports of Processed Petroleum Oils and Distillates in Luxembourg
Price for Processed Petroleum Oils and Distillates in Luxembourg (CIF) - 2023
In July 2023, the average import price for processed petroleum oils and distillates amounted to $766 per ton, picking up by 4.4% against the previous month. In general, the import price, however, showed a perceptible decline. The pace of growth appeared the most rapid in February 2023 when the average import price increased by 21% m-o-m. Over the period under review, average import prices reached the peak figure at $1,072 per ton in October 2022; however, from November 2022 to July 2023, import prices failed to regain momentum.
Average prices varied noticeably amongst the major supplying countries. In July 2023, the country with the highest price was the Netherlands ($838 per ton), while the price for Germany ($703 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Germany (-1.1%), while the prices for the other major suppliers experienced a decline.
Price for Processed Petroleum Oils and Distillates in Luxembourg (FOB) - 2023
In July 2023, the average export price for processed petroleum oils and distillates amounted to $4,642 per ton, jumping by 456% against the previous month. Over the period under review, the export price showed a resilient expansion. The pace of growth was the most pronounced in November 2022 an increase of 514% month-to-month. The export price peaked at $8,574 per ton in April 2023; however, from May 2023 to July 2023, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major overseas markets. In July 2023, the country with the highest price was Germany ($8,277 per ton), while the average price for exports to Belgium ($2,716 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 France (+26.6%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Processed Petroleum Oils and Distillates in Luxembourg
In 2022, the amount of processed petroleum oils and distillates imported into Luxembourg surged to 4.8M tons, increasing by 36% compared with the year before. In general, imports recorded a strong expansion. The most prominent rate of growth was recorded in 2021 with an increase of 49% against the previous year. Imports peaked in 2022 and are likely to continue growth in the near future.
In value terms, processed petroleum oils and distillates imports skyrocketed to $2.2B in 2022. Overall, total imports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +5.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +102.7% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 49% 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 Luxembourg (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Belgium | 1,090 | 564 | 877 | 1,317 | 6.5% |
Germany | 344 | 253 | 307 | 355 | 1.1% |
France | 176 | 81.3 | 119 | 207 | 5.6% |
China | 78.0 | 95.2 | 121 | 196 | 36.0% |
Azerbaijan | 17.5 | 17.6 | 22.5 | 70.8 | 59.3% |
Netherlands | 110 | 56.2 | 141 | 4.8 | -64.8% |
Others | 65.8 | 15.7 | 31.4 | 45.6 | -11.5% |
Total | 1,880 | 1,083 | 1,618 | 2,196 | 5.3% |
Top Suppliers of Processed Petroleum Oils and Distillates to Luxembourg in 2022:
- Belgium (2991.9K tons)
- Germany (746.1K tons)
- France (443.2K tons)
- China (413.6K tons)
- Azerbaijan (150.1K tons)
- Netherlands (5.7K tons)
Exports of Processed Petroleum Oils and Distillates in Luxembourg
Processed petroleum oils and distillates exports from Luxembourg rose modestly to 16K tons in 2022, increasing by 2.5% on 2021 figures. In general, exports continue to indicate significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 315% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in years to come.
In value terms, processed petroleum oils and distillates exports contracted sharply to $4.5M in 2022. Overall, exports, however, saw a abrupt decline. The most prominent rate of growth was recorded in 2021 with an increase of 174% against the previous year. As a result, the exports reached the peak of $11M, and then contracted sharply in the following year.
Export of Processed Petroleum Oils and Distillates in Luxembourg (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Belgium | 1,057 | 1,107 | 6,887 | 1,128 | 2.2% |
France | 667 | 573 | 781 | 1,018 | 15.1% |
Germany | 2,675 | 1,261 | 799 | 708 | -35.8% |
Turkey | 7.1 | 0.7 | 75.6 | 240 | 223.3% |
Italy | 19.5 | 24.6 | 163 | 230 | 127.6% |
Hungary | 0.3 | 0.6 | 119 | 181 | 745.0% |
Netherlands | 33.3 | 26.3 | 83.5 | 141 | 61.8% |
Czech Republic | 442 | 516 | 494 | 81.3 | -43.1% |
Others | 514 | 337 | 1,128 | 744 | 13.1% |
Total | 5,416 | 3,847 | 10,530 | 4,472 | -6.2% |
Top Export Markets for Processed Petroleum Oils and Distillates from Luxembourg in 2022:
- Belgium (6.8K tons)
- France (5.0K tons)
- Germany (2.2K tons)
- Turkey (0.4K tons)
- Italy (0.3K tons)
- Netherlands (0.2K tons)
- Hungary (0.2K tons)
- Czech Republic (0.1K tons)
This report provides an in-depth analysis of the market for processed petroleum oils and distillates in Luxembourg. 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:
- Luxembourg
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Luxembourg
- 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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