Commodity Market Report
Australia product markets 2021 Outlook to 2050
This report is currently unavailable
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
In 2021, Australia is expected to have a net deficit of 539,000 b/d in key products (compared to -407,000 b/d in 2020 and -481,000 b/d in 2019) . We expect the net total deficit to increase up to 2030 following the closure of the Kwinana and Altona refineries. Thereafter, declining transport fuel demand (the latter resulting from increased EV penetration and higher fuel efficiency) will start to reduce the net deficit to -372,000 by 2050. Utilisation rates for the remaining two refineries will remain above 90% until end of this decade, after a decline will set it in line with falling demand. As a result of above Australia will become increasingly reliant on imports of clean fuels, especially diesel / gasoil, up to 2030.
Table of contents
- Refinery infrastructure and investments
-
Refinery supply
- NGLs
- Biofuels
Tables and charts
This report includes the following images and tables:
-
Refinery Supply - Intake SummaryNon-refinery supply by productProduct balances – all supply versus demand
What's included
This report contains:
Other reports you may be interested in
Insight
Webinar: The long-term outlook for global refining in the wake of the pandemic
In this Webinar we explore the outlook for global and regional oil product markets through to 2050.
$900
Insight
Webinar: The long-term outlook for global refining in the face of the energy transition
On 2 September Wood Mackenzie explored the outlook for global and regional oil product markets through to 2050.
$900
Commodity Market Report
Global product markets short-term outlook May 2021
Monthly global commodity market reports and global product-by-product supply- demand balance with stock forecasts and a net trade forecasts
$1,900
