Sweden: Market for Processed Petroleum Oils and Distillates 2024

Market Size for Processed Petroleum Oils and Distillates in Sweden

In 2022, the Swedish market for processed petroleum oils and distillates increased by X% to $X, rising for the second year in a row after two years of decline. Overall, consumption, however, saw a mild reduction. Processed petroleum oils and distillates consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Production of Processed Petroleum Oils and Distillates in Sweden

In value terms, processed petroleum oils and distillates production reduced to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2018 when the production volume increased by X% against the previous year. Processed petroleum oils and distillates production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Exports of Processed Petroleum Oils and Distillates

Exports from Sweden

Processed petroleum oils and distillates exports from Sweden shrank to X tons in 2022, waning by X% compared with the year before. Overall, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when exports increased by X% against the previous year. The exports peaked at X tons in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

In value terms, processed petroleum oils and distillates exports soared to $X in 2022. In general, exports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when exports increased by X%. Over the period under review, the exports reached the peak figure in 2022 and are likely to continue growth in the immediate term.

Exports by Country

Norway (X tons), the UK (X tons) and Finland (X tons) were the main destinations of processed petroleum oils and distillates exports from Sweden, with a combined X% share of total exports. The United States, the Netherlands, Belgium, Denmark, Spain, Greenland, Lithuania, Germany, France and Gibraltar lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for Lithuania (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Norway ($X), Finland ($X) and the UK ($X) were the largest markets for processed petroleum oils and distillates exported from Sweden worldwide, with a combined X% share of total exports. The United States, Denmark, Belgium, the Netherlands, Germany, Lithuania, Greenland, France, Spain and Gibraltar lagged somewhat behind, together comprising a further X%.

In terms of the main countries of destination, Lithuania, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for processed petroleum oils and distillates stood at $X per ton in 2022, surging by X% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. 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 export markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Spain ($X 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 Germany (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Processed Petroleum Oils and Distillates

Imports into Sweden

In 2022, purchases abroad of processed petroleum oils and distillates increased by X% to X tons, rising for the third year in a row after three years of decline. Overall, imports recorded a prominent expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, processed petroleum oils and distillates imports soared to $X in 2022. Over the period under review, total imports indicated a tangible increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, the Netherlands (X tons) constituted the largest supplier of processed petroleum oils and distillates to Sweden, accounting for a X% share of total imports. Moreover, processed petroleum oils and distillates imports from the Netherlands exceeded the figures recorded by the second-largest supplier, Finland (X tons), threefold. Norway (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the Netherlands stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Finland (X% per year) and Norway (X% per year).

In value terms, the Netherlands ($X), Finland ($X) and Norway ($X) appeared to be the largest processed petroleum oils and distillates suppliers to Sweden, with a combined X% share of total imports. Denmark, Germany, Belgium, Poland, the United States and the UK lagged somewhat behind, together comprising a further X%.

In terms of the main suppliers, the United States, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for processed petroleum oils and distillates stood at $X per ton in 2022, flattening at the previous year. Overall, the import price showed a abrupt downturn. The pace of growth appeared the most rapid in 2017 when the average import price increased by X%. Over the period under review, average import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Finland ($X per ton), while the price for the United States ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Finland (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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