Market Size of East Africa Oil and Gas Downstream Industry
| Study Period | 2021 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2021 - 2022 |
| CAGR | > 2.32 % |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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East Africa Oil and Gas Downstream Market Analysis
The market for oil and gas downstream in East Africa is expected to register a CAGR of about 2.32% during the forecast period of 2022 - 2027.
The market was negatively impacted by COVID-19 in 2020. Currently. The market has reached pre-pandemic levels.
- Over the long term, the increasing demand for oil and natural gas is expected to boost the demand for the East Africa oil and gas downstream market during the forecast period.
- On the other hand, political instability, due to civil war, in countries of East Africa, like South Sudan and Somalia, are restraints in the growth of the oil and gas downstream sector.
- Nevertheless, an increase in oil and gas production in the region is expected to increase the refining throughput capacity, which will enable the downstream market to grow.
- South Sudan is expected to dominate the market due to increased investment in the oil and gas downstream market.
