Please Wait.....
Report
Australia Refined Petroleum Products Market - Growth, Trends, Covid-19 Impact, and Forecasts (2023 - 2028)
Market Report I 2023-01-23 I 120 Pages I Mordor Intelligence
The Australian refined petroleum products market is expected to grow with a CAGR of around 2% during the forecast period. The COVID-19 pandemic has significantly impacted the market in the country due to the downfall in the demand for fuels like gasoline which is highly used in transportation, which got blocked during the lockdown, and the plummeted power demand where fuels are used to generate power. The two major drivers of the Australian refined petroleum products market are the extremely high power demand in communities in central Australia which can be immediately met by the fuel-driven power sector, and demand for marine fuels due to the steadily growing shipping industry. However, growing renewable energy in the country is expected to restrain the growth of the market
Key Highlights
Aviation fuels are expected to grow significantly during the forecast period, due to the fast-growing vehicle fleet in the region.
The growing dimension of crude to chemical technology which eliminates the impact on the industry by shifting entirely away from petrol and diesel is expected to provide an opportunity for market players.
The private sector's keen interest in investing in the refining sector especially the growing bio-refinery is expected to aid the growth of the market.
Australia Refined Petroleum Products Market Trends
Aviation Fuel Market to Grow Significantly
In 2020, the total number of air passenger traffic in Australia increased to 47.82 million, declining by around 100 million from 2012 (Department of Transport, Australia). The number of international air passengers has registered significant growth in 2021 compared to 2020, fueled by increasing tourism initiatives.
Further, Tourism Australia reported that over the last two decades, international aviation capacity in Australia has grown from 9.3 million inbound seats in 1995 to 26.9 million seats in 2019, which represents a 4 percent average annual growth rate in 2019. Hence, with healthy growth in air passenger traffic, the demand for aviation fuel is expected to increase in the coming years.
For the year 2021, 23.52 million passengers traveled with the airlines in the country, an increase of 20.9 % compared to the year 2020 but still a decrease of 61.7% compared to 2019. The Australian government increased its expenditure on aviation development projects owing to the increasing aviation fleet and passenger traffic.
Projects such as Western Sydney International Airport, expected to be completed by 2026, and the Hobart Airport Terminal expansion project will support the growth of the aviation fuel and thereby refined petroleum products market in Australia.
Hence, Aviation fuel is expected to grow significantly in the coming years due to increasing passengers and rising air traffic.
Investments by Private Sector Expected to Drive the Market
The Australian refined petroleum products market is expected to get accelerated by investments by independent energy companies, due to many governments' bold steps.
The Australian Parliament has passed the Fuel Security Bill 2021, granting nearly USD 1.8 billion in subsidies to help maintain operations at the country's struggling oil refineries. Effective from 1 July 2021, the package will be utilized by Viva Energy and Ampol to keep the country's last two remaining oil refineries open until 30 June 2027. With a capacity of up to 120,000 barrels of oil per day, the refinery produces petrol, diesel, LPG, jet fuel, avgas, bitumen, specialty solvents for a wide range of industries, and Low Aromatic Fuel.
In 2021, Sherdar Australia Bio-Refinery Pty Ltd, an Australian-based company, today announced plans to develop a renewable diesel processing and storage facility in the country. When in full operation, the facility aims to produce 500,000 tpy of renewable fuels with lower carbon emissions than conventional fossil fuels. This will position Australia as one of the major renewable fuel producers and exporters in the world, which is in support of Australia's government policy to forge a sustainable future.
The refining capacity in Australia has remained constant at 455 thousand barrels per day in the 2016-2020 period. However, the production of aviation fuel has been changing with 39.5 million liters being produced in February 2022. Increasing demand as growth resurges is expected to aid the refined petroleum products market in the coming years.
Owing to such an interest from private companies, the market is expected to grow at a fast pace shortly.
Australia Refined Petroleum Products Market Competitor Analysis
The australia refined petroleum products market is moderately fragmented. The key players in this market include Royal Dutch Shell, Exxon Mobil Corporation, China Petroleum & Chemical Corporation, BP Plc, Chevron Corp
Additional Benefits:
The market estimate (ME) sheet in Excel format
3 months of analyst support
1 INTRODUCTION
1.1 Scope of the Study
1.2 Market Definition
1.3 Study Assumptions
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET OVERVIEW
4.1 Introduction
4.2 Market Size and Demand Forecast, in USD Billion, till 2027
4.3 Recent Trends and Developments
4.4 Government Policies and Regulations
4.5 Market Dynamics
4.5.1 Drivers
4.5.2 Restraints
4.6 Supply Chain Analysis
4.7 PESTLE Analysis
5 MARKET SEGMENTATION
5.1 Type
5.1.1 Automotive Fuels
5.1.2 Marine Fuels
5.1.3 Aviation Fuels
5.1.4 Liquefied Petroleum Gas (LPG)
5.1.5 Others
6 COMPETITIVE LANDSCAPE
6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
6.2 Strategies Adopted by Leading Players
6.3 Company Profiles
6.3.1 Royal Dutch Shell
6.3.2 Exxon Mobil Corporation
6.3.3 China Petroleum & Chemical Corporation
6.3.4 BP PLC
6.3.5 Chevron Corp
6.3.6 Saudi Aramco
6.3.7 Total SA
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
- Not Sure / Need Reassuring
- Confirm Content
-
Content is provided by our partners and every effort is made to make Market Report details as clear as possible. If you are not sure the exact content you require is included in this study you can Contact us to double check. To do this you can:
Use the ‘? ASK A QUESTION’ below the license / prices and to the right of this box. This will come directly to our team who will work on dealing with your request as soon as possible.
Write to directly on support@scotts-international.com with details. Please include as much information as possible including the name of report or link so our staff will be able to work on you request.
Telephone us directly on 0048 603 394 346 and an experienced member of team will be on hand to answer.
-
- Sample Pages
-
With the vast majority of our partners we can obtain Sample Pages to support your decision. This is something we can arrange without revealing your personal details.
It is important to note that we will not be able to provide you the exact data or statistics such as Market Size and Forecasts. Sample pages usually confirm the layout or the Categories included in Charts and Graphs, excluding specific data.
To ask for Sample Pages by contact us through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Check for Alternatives
-
Whilst we try to make our online platform as easy to use as possible there is always the possibility that a better alternative has not been found in your search.
To avoid this possibility Contact us through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346 and a Senior Team Member can review your requirements and send a list of possibilities with opinions and recommendations.
-
- Confirm Content
- Prices / Formats / Delivery
- Prices
-
All prices are set by our partners and should be exactly the same as those listed on their own websites. We work on a Revenue share basis ensuring that you never pay more than what is offered elsewhere.
Should you find the price cheaper on another platform we recommend you to Contact us as we should be able to match this price. You can Contact us though through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Discounts
-
As we work in close partnership with our Partners from time to time we can secure discounts and assist with negotiations, this is part of our personalised service to you.
Discounts can sometimes be arranged for speedily placed orders; multiple report purchases or Higher License purchases.
To check if a Discount is possible please Contact our experienced team through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Available Currencies
-
Most Market Reports on our platform are listed in USD or EURO based on the wishes of our Partners. To avoid currency fluctuations and potential price differentiations we do not offer the possibility to change the currency online.
Should you wish to pay in a different currency to that advertised online we do accept payments in USD, EURO, GBP and PLN. The price will be calculated based on the relevant exchange rate taken from our National Bank.
To pay in a different above currency to that advertised online please Contact our team and a quotation will be sent within a couple of hours with payment details.
-
- Licenses
-
License options vary from Partner to Partner as is usually based on the number of Users that will benefitting from the report. It is very important that License ordered is not breached as this could have potential negative consequences for you individually or your employer.
If you have questions or need confirmation about the specific license we recommend you to Contact us and a detailed explanation will be provided.
-
- Global Site License
-
The Global Site License is the most comprehensive license available. By selecting this license, the Market Report can be shared with other ‘Allowed Users’ and any other member of staff from the same organisation regardless of geographic location.
It is important to note that this may exclude Parent Companies or Subsidiaries.
If you have questions or need confirmation about the specific license we recommend you to Contact us and a detailed explanation will be provided.
-
- Formats
-
The most common format is PDF, however in certain circumstances data may be present in Excel format or Online, especially in the case of Database or Directories. In addition, for certain higher license options a CD may also be provided.
If you have questions or need clarification about the specific formats we recommend you to Contact us and a detailed explanation will be provided.
-
- Delivery
-
Delivery is fulfilled by our partners directly. Once an order has been placed we inform the partner by sharing the delivery email details given in the order process.
Delivery is usually made within 24 hours of an order being placed, however it may take longer should your order be placed prior to the weekend or if otherwise specified on the Market Report details page. Additionally, if details have been not fully completed in the Order process a delay in delivery is possible.
If a delay in delivery is expected you will be informed about it immediately.
-
- Shipping Charges
-
As most Market Reports are delivered in PDF format we almost never have to add additional Shipping Charges. If, however you are ordering a Higher License service or a specific delivery format (e.g. CD version) charges may apply.
If you are concerned about additional Shipping Charges we recommend you to Contact us to double check.
-
- Prices
- Ordering
- By Credit Card
-
We work in Partnership with PayU to ensure payments are made securely in a fast and effortless way. PayU is the e-payments division of Naspers.
Naspers operates in over 133 International Markets and ranks 3rd Globally in terms of the number of e-commerce customers served.
For more information on PayU please visit: https://www.payu.pl/en/about-us
-
- By Money Transfer
-
If you require an invoice prior to payment, this is possible. To ensure a speedy delivery of the Market Report we require all relevant company details and you agree to maximum payment terms of 30 days from receipt of order.
With our regular clients deliver of the Market Report can be made prior to receiving payment, however in some circumstances we may ask for payment to be received before arranging for the Market Report to be delivered.
-
- By Credit Card
- Security
- Website security
-
We have specifically partnered with leading International companies to protect your privacy by using different technologies and processes to ensure security.
Everything submitted to Scotts International is encrypted via SSL (Secure Socket Layer) and all personal information provided to Scotts International is stored on computer systems with limited access in controlled environments.
-
- Credit Card Security
-
We partner with PayU (https://www.payu.pl/en/about-us) to ensure all credit card payments are made securely in a fast and effortless way.
PayU offers 250+ various payment channels and eWallet services across 4 continents allowing buyers to pay electronically, whether on a computer or a mobile device.
-
- Website security