The global direct transfer on petroleum for consumers exhibits varied trends across countries. In 2023, China led significantly with $58.3 million, showing a modest growth of 0.17%. Argentina experienced a notable increase of 6.08%, while India saw a significant decline of 19.89%, marking the largest decrease. Brazil, Indonesia, and Colombia also faced reductions, with Brazil decreasing by 7.22% and Indonesia by 19.61%. Notably, Chile increased by 11.01%. The United States had a slight downturn of 4.05%, with other European countries showing minor fluctuations. Over the last five years, countries like Argentina and Greece displayed relatively consistent growth.
Future trends to watch include the potential for further growth in emerging economies like Argentina and Chile, driven by increased consumer demand and governmental policy adjustments. Conversely, established markets such as India and the United States might face challenges due to evolving energy policies and shifts towards renewable energy, potentially stabilizing or even reducing petroleum consumption support.
Top countries in Direct Transfer on Petroleum for Consumers Share by Country (Million US Dollars, Constant = 2020)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 58.3 | 2023 | -3.63% | +0.17% | View data |
| 2 | 2 Argentina | 13.13 | 2023 | +7.66% | +6.08% | View data |
| 3 | 3 India | 6.5 | 2023 | -11.87% | -19.89% | View data |
| 4 | 4 Brazil | 5.07 | 2023 | +4.53% | -7.22% | View data |
| 5 | 5 Chile | 4.54 | 2023 | +15.44% | +11.01% | View data |
| 6 | 6 Indonesia | 3.74 | 2023 | -48.12% | -19.61% | View data |
| 7 | 7 Greece | 2.5 | 2023 | +6.47% | +5.1% | View data |
| 8 | 8 Colombia | 2.28 | 2023 | +26.75% | -7.93% | View data |
| 9 | 9 United States | 1.5 | 2023 | -1.17% | -4.05% | View data |
| 10 | 10 Ireland | 0.28 | 2023 | +1.75% | +1.13% | View data |
