Australia and Oceania: Petroleum Market 2020

Petroleum Market Size in Australia and Oceania

The revenue of the petroleum market in Australia and Oceania amounted to $X in 2017, coming up by X% against the previous year. The total market indicated a notable growth from 2007 to 2017: its value increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the petroleum consumption decreased by -X% against 2014 indices. The most prominent rate of growth was recorded in 2008, when it surged by X% against the previous year. Over the period under review, the petroleum market reached its maximum level of $X in 2014; however, from 2015 to 2017, it failed to regain its momentum.

Petroleum Production in Australia and Oceania

In 2017, the amount of petroleum produced in Australia and Oceania stood at X tons, shrinking by -X% against the previous year. The petroleum production continues to indicate a drastic decline. The most prominent rate of growth was recorded in 2010, with an increase of X% year-to-year. In that year, the petroleum production reached their peak volume of X tons. From 2011 to 2017, growth of the petroleum production failed to regain its momentum.

Petroleum Exports

Exports in Australia and Oceania

In 2017, exports of petroleum in Australia and Oceania amounted to X tons, falling by -X% against the previous year. The petroleum exports continue to indicate a mild setback. The most prominent rate of growth was recorded in 2016, when it surged by X% against the previous year. Over the period under review, the petroleum exports attained its maximum volume of X tons in 2007; however, from 2008 to 2017, it stood at a somewhat lower level.

In value terms, petroleum exports amounted to $X in 2017. The petroleum exports continue to indicate a measured reduction. Over the period under review, the petroleum exports reached its maximum level of $X in 2012; however, from 2013 to 2017, it stood at a somewhat lower level.

Exports by Country

Australia was the largest exporting country with an export of around X tons, which finished at X% of total exports. It was distantly followed by Papua New Guinea (X tons), making up X% share of total exports. The following exporters - New Zealand (X tons) and Fiji (X tons) each reached a X% share of total exports.

Exports from Australia decreased at an average annual rate of -X% from 2007 to 2017. At the same time, Papua New Guinea (+X%) and New Zealand (+X%) displayed positive paces of growth. Moreover, Papua New Guinea emerged as the fastest growing exporter in Australia and Oceania, with a CAGR of +X% from 2007-2017. By contrast, Fiji (-X%) illustrated a downward trend over the same period. While the share of Australia (X%) and Fiji (X%) increased significantly in terms of the global exports from 2007-2017, the share of Papua New Guinea (-X%) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) remains the largest petroleum supplier in Australia and Oceania, making up X% of global exports. The second position in the ranking was occupied by Papua New Guinea ($X), with a X% share of global exports. It was followed by Fiji, with a X% share.

In Australia, petroleum exports contracted by an average annual rate of -X% over the period from 2007-2017. The remaining exporting countries recorded the following average annual rates of exports growth: Papua New Guinea (+X% per year) and Fiji (-X% per year).

Export Prices by Country

The petroleum export price in Australia and Oceania stood at $X per ton in 2017, growing by X% against the previous year. The petroleum export price continues to indicate a mild decrease. The most prominent rate of growth was recorded in 2010, when the export prices increased by X% against the previous year. The level of export price peaked of $X per ton in 2013; however, from 2014 to 2017, it stood at a somewhat lower level.

There were significant differences in the average export prices amongst the major exporting countries. In 2017, the country with the highest export price was Fiji ($X per ton), while New Zealand ($X per ton) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of export prices was attained by Fiji (+X% per year), while the other leaders experienced mixed trends in the export price figures.

Petroleum Imports

Imports in Australia and Oceania

In 2017, the amount of petroleum imported in Australia and Oceania stood at X tons, approximately mirroring the previous year. The total imports indicated a perceptible increase from 2007 to 2017: its volume increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the petroleum imports decreased by -X% against 2015 indices. The most prominent rate of growth was recorded in 2015, with an increase of X% y-o-y. In that year, the petroleum imports reached their peak volume of X tons. From 2016 to 2017, growth of the petroleum imports failed to regain its momentum.

In value terms, petroleum imports totaled $X in 2017. The total imports indicated a prominent increase from 2007 to 2017: its value increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. The level of imports peaked of $X in 2013; however, from 2014 to 2017, it stood at a somewhat lower level.

Imports by Country

Australia dominates petroleum imports structure, accounting for X tons, which was approx. X% of total imports in 2017. It was distantly followed by New Zealand (X tons), creating X% share of total imports. The following importers - New Caledonia (X tons) and Fiji (X tons) each reached a X% share of total imports.

Australia was also the fastest growing in terms of the petroleum imports, with a CAGR of +X% from 2007 to 2017. New Caledonia (-X%), New Zealand (-X%) and Fiji (-X%) illustrated a downward trend over the same period. While the share of New Zealand (X%) increased significantly in terms of the global imports from 2007-2017, the share of Australia (-X%) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) constitutes the largest market for imported petroleum in Australia and Oceania, making up X% of global imports. The second position in the ranking was occupied by New Zealand ($X), with a X% share of global imports. It was followed by Fiji, with a X% share.

In Australia, petroleum imports expanded at an average annual rate of +X% over the period from 2007-2017. In the other countries, the average annual rates were as follows: New Zealand (-X% per year) and Fiji (-X% per year).

Import Prices by Country

The petroleum import price in Australia and Oceania stood at $X per ton in 2017, coming up by X% against the previous year. The import price indicated a slight increase from 2007 to 2017: its price increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2008, an increase of X% y-o-y. The level of import price peaked of $X per ton in 2012; however, from 2013 to 2017, it failed to regain its momentum.

Import prices varied noticeably by the country of destination; the country with the highest import price was Fiji ($X per ton), while New Caledonia ($X per ton) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by Fiji (+X% per year), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform