As of 2023, India leads the global direct transfer on petroleum for residential purposes with a significant amount, followed by Indonesia and China. Among the analyzed countries, China and Argentina showed notable growth in 2023, registering year-on-year increases of 8.0% and 8.33%, respectively. In contrast, India and Belgium experienced declines. Over the past five years, varying year-on-year changes indicate modest compound growth rates, with some countries experiencing negative growth. Canada's significant drop reflects its continued reduction in petroleum use for residential needs.
Future trends to watch include the push towards renewable energy sources, which may continue to impact direct petroleum transfers. Countries progressing with energy transition, especially in Asia, could witness shifts in their residential petroleum dynamics. Moreover, geopolitical factors and economic recovery strategies in post-pandemic scenarios will play a crucial role in shaping consumption patterns and policy decisions.
Top countries in Direct Transfer on Petroleum for Residential by Country
| # | 9 Countries | Million US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 India | 4,810 | 2023 | +17.64% | -5.35% | View data |
| 2 | 2 Indonesia | 638.32 | 2023 | -20.07% | +2.91% | View data |
| 3 | 3 China | 79.01 | 2023 | +9.48% | +8% | View data |
| 4 | 4 Ireland | 66.78 | 2023 | -0.17% | -1.47% | View data |
| 5 | 5 Argentina | 43.08 | 2023 | +7.01% | +8.33% | View data |
| 6 | 6 Ukraine | 39.04 | 2023 | +25.55% | +4.17% | View data |
| 7 | 7 Belgium | 15.58 | 2023 | -2.49% | -4.82% | View data |
| 8 | 8 Canada | 2.05 | 2023 | -14.14% | -13.72% | View data |
| 9 | 9 Australia | 1.98 | 2023 | +0.15% | +0.46% | View data |
