Market Overview
| Study Period | 2020 - 2030 |
|---|---|
| Base Year For Estimation | 2024 |
| Forecast Data Period | 2025 - 2030 |
| Historical Data Period | 2020 - 2023 |
| Growth Rate | 3.50% CAGR |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order Image © Mordor Intelligence. Reuse requires attribution under CC BY 4.0. |
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East Africa Refined Petroleum Products Market Analysis by Mordor Intelligence
The East Africa Refined Petroleum Products Market is expected to register a CAGR of greater than 3.5% during the forecast period.
Middle distillate oil products are expected to dominate the market in the forecast period, owing to demand in different sectors, like power generation, transportation, and others.
With more than 140 million people not having access to electricity in 2019 and growing consumption of refined petroleum products from end-user industries, East Africa can create ample opportunities for electricity generation using oil and gas products.
Kenya is expected to dominate the market during the forecast period due to the country's growing demand for gas and oil.
East Africa Refined Petroleum Products Market Trends and Insights
Middle Distillates to Dominate the Market
Middle distillate refers to refined oil products between lighter fuel like gasoline and heavier fuels like fuel oil. It mainly comprises jet fuel, kerosene, diesel, and others.
Kenya witnessed an increase in the consumption of refined products in 2020. Light diesel oil and gasoline led the market with daily consumption at 2,157.6 thousand metric ton and 1395.3 thousand metric ton, respectively.
Additionally, front-end engineering and design (FEED) work on the Ugandan refinery has been completed, with a final investment decision (FID) to be made in August 2022. The refinery is expected to be operational by 2023, significantly driving the refined products market.
With growing demand in the transportation and power generation sectors, among others, the demand for middle distillates is expected to grow further and dominate the market in the forecast period.
Kenya to Dominate the Market
According to the International Energy Agency, the demand for gas consumption is expected to grow significantly in Kenya in the future, owing to both overall African and Kenyan ongoing policy scenarios.
The construction of new oil terminals and refineries in the country will also support the growth of refined petroleum products. For instance, the new Kipevu Oil Terminal in Mombasa, Kenya, is due to start operations in January 2022 and will see Kenya double its handling capacity to transport petroleum products to Uganda, Burundi, and Rwanda from the current 35,000 ton. The terminal is expected to drive the growth in the market significantly.
The primary energy consumption by Kenya of oil is expected to reach more than 13 megaton of oil equivalent (Mtoe) by 2040, creating significant demand for refined petroleum products as well.
In December 2021, Kenya Pipeline Company KPC and Kenya's Ministry of Energy announced plans to set up a dedicated LPG storage facility with a capacity of around 25,000 ton, which is expected to have a positive impact on the market studied.
With increases in population and demand for refined petroleum products from end-user industries like automotive and petrochemical industries, the refined petroleum products market in Kenya is expected to dominate the market over the forecast period.
Competitive Landscape
The East African refined petroleum products market is moderately fragmented. Some of the major companies include TotalEnergies SE, Shell PLC, KenolKobil Ltd, National Oil Ethiopia PLC, and Vivo Energy PLC.
East Africa Refined Petroleum Products Industry Leaders
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National Oil Ethiopia Plc
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TotalEnergies SE
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Shell Plc
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Vivo Energy Plc
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KenolKobil Ltd
- *Disclaimer: Major Players sorted in no particular order
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Recent Industry Developments
- September 2021: Tullow Oil and its partners in the Turkana oil project in Kenya announced that they have significantly increased their resource and production estimates following a reassessment of the delayed Kenyan oil development project. The oil project, located in the South Lokichar basin in northern Kenya, will now have a production plateau of 120,000 barrels/day (b/d).
- December 2020: Ethiopia's Ministry of Mines and Petroleum announced that it has opened 22 mining and 5 petroleum sites as well as 3 service areas for investors in the country. Identified petroleum potential sites are in Ogaden, Gambella, South Omo, and Rift Valley.
East Africa Refined Petroleum Products Market Report Scope
The East African refined petroleum products market report includes:
Type
| Light Distillates |
| Middle Distillates |
| Heavy Distillates |
Geography
| Uganda |
| Kenya |
| Tanzania |
| Mozambique |
| Rest of East Africa |
| Type | Light Distillates |
| Middle Distillates | |
| Heavy Distillates | |
| Geography | Uganda |
| Kenya | |
| Tanzania | |
| Mozambique | |
| Rest of East Africa |
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Key Questions Answered in the Report
What is the current East Africa Refined Petroleum Products Market size?
The East Africa Refined Petroleum Products Market is projected to register a CAGR of greater than 3.5% during the forecast period (2025-2030)
Who are the key players in East Africa Refined Petroleum Products Market?
National Oil Ethiopia Plc, TotalEnergies SE, Shell Plc, Vivo Energy Plc and KenolKobil Ltd are the major companies operating in the East Africa Refined Petroleum Products Market.
What years does this East Africa Refined Petroleum Products Market cover?
The report covers the East Africa Refined Petroleum Products Market historical market size for years: 2020, 2021, 2022, 2023 and 2024. The report also forecasts the East Africa Refined Petroleum Products Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.
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