H1 2019 Global Capacity and Capital Expenditure Outlook for Liquids Storage - Asia Leads both Global Capacity and Capital Expenditure Outlook
Summary
Global Liquids Storage capacity is expected to grow 5.7% during 2019-2023, from 7,705 mmbbl (million barrels) in 2019 to 8,145 mmbbl by 2023. Asia, North America and the Middle East lead globally in terms of liquids storage capacity growth from planned and announced projects, with capacities of 272 mmbbl, 112 mmbbl, and 106 mmbbl, respectively, in 2023.
According to the latest report, "H1 2019 Global Capacity and Capital Expenditure Outlook for Liquids Storage - Asia Leads both Global Capacity and Capital Expenditure Outlook", Asia is forecast to be the major contributor to the growth of the global liquids storage industry by 2023, accounting for around 33% of the global liquids storage terminals’ capacity from new-build and expansion projects in 2023.
Asia is witnessing the highest liquids storage capacity growth due to increasing demand for crude oil and petroleum products in the fastest growing economies such as China and India. Among the five leading countries in liquids storage capacity growth globally, three - China, Indonesia and India - are from Asia. North America as the second highest in terms of liquids storage capacity growth, accounts for 31% of global liquids storage capacity in 2023. Among the countries in this region, the US will have the highest capex spending in planned and announced liquids storage projects during 2019-2023.
In terms of capacity, Zhanjiang IV in China, Fujairah XVIII in the UAE and Lawe-Lawe CCT in Indonesia will be the top three new-build liquids storage terminals with capacities of 44 mmbbl, 42 mmbbl and 25 mmbbl in 2023, respectively.
Scope
Reasons to Buy
Summary
Global Liquids Storage capacity is expected to grow 5.7% during 2019-2023, from 7,705 mmbbl (million barrels) in 2019 to 8,145 mmbbl by 2023. Asia, North America and the Middle East lead globally in terms of liquids storage capacity growth from planned and announced projects, with capacities of 272 mmbbl, 112 mmbbl, and 106 mmbbl, respectively, in 2023.
According to the latest report, "H1 2019 Global Capacity and Capital Expenditure Outlook for Liquids Storage - Asia Leads both Global Capacity and Capital Expenditure Outlook", Asia is forecast to be the major contributor to the growth of the global liquids storage industry by 2023, accounting for around 33% of the global liquids storage terminals’ capacity from new-build and expansion projects in 2023.
Asia is witnessing the highest liquids storage capacity growth due to increasing demand for crude oil and petroleum products in the fastest growing economies such as China and India. Among the five leading countries in liquids storage capacity growth globally, three - China, Indonesia and India - are from Asia. North America as the second highest in terms of liquids storage capacity growth, accounts for 31% of global liquids storage capacity in 2023. Among the countries in this region, the US will have the highest capex spending in planned and announced liquids storage projects during 2019-2023.
In terms of capacity, Zhanjiang IV in China, Fujairah XVIII in the UAE and Lawe-Lawe CCT in Indonesia will be the top three new-build liquids storage terminals with capacities of 44 mmbbl, 42 mmbbl and 25 mmbbl in 2023, respectively.
Scope
- Historical liquids storage capacities data from 2013 to 2018, outlook up to 2023
- Annual breakdown of capital expenditure on new-build liquids storage projects for the period 2019 to 2023
- Planned capital expenditure on new-build liquids storage projects by region, key countries and companies
- Details of the major planned, and announced liquids storage projects globally up to 2023.
Reasons to Buy
- Obtain the most up to date information available on the liquids storage projects globally
- Identify growth segments and opportunities in the global liquid storage industry
- Facilitate decision making on the basis of strong historical and outlook of key liquids storage projects data
- Develop business strategies with the help of specific insights about the planned liquids storage projects globally
- Assess your competitor’s planned liquids storage projects and capacities.
Table of Contents
1 Table of Contents
2. Global Liquids Storage Terminals Outlook to 2023
3. Appendix
List of Tables
List of Figures
