The 2016 Import and Export Market for Petroleum Bitumen, Residues of Petroleum or Bituminous Mineral Oils, and Bituminous Mixtures in India

On the demand side, exporters and strategic planners focusing on petroleum bitumen, residues of petroleum or bituminous mineral oils, and bituminous mixtures in India face a number of questions. Which countries are supplying petroleum bitumen, residues of petroleum or bituminous mineral oils, and bituminous mixtures to India? How important is India compared to others in terms of the entire global and regional market? How much do the imports of petroleum bitumen, residues of petroleum or bituminous mineral oils, and bituminous mixtures vary from one country of origin to another in India? On the supply side, India also exports petroleum bitumen, residues of petroleum or bituminous mineral oils, and bituminous mixtures. Which countries receive the most exports from India? How are these exports concentrated across buyers? What is the value of these exports and which countries are the largest buyers? This report was created for strategic planners, international marketing executives and import/export managers who are concerned with the market for petroleum bitumen, residues of petroleum or bituminous mineral oils, and bituminous mixtures in India. With the globalization of this market, managers can no longer be contented with a local view. Nor can managers be contented with out-of-date statistics which appear several years after the fact. I have developed a methodology, based on macroeconomic and trade models, to estimate the market for petroleum bitumen, residues of petroleum or bituminous mineral oils, and bituminous mixtures for those countries serving India via exports, or supplying from India via imports. It does so for the current year based on a variety of key historical indicators and econometric models. In what follows, Chapter 2 begins by summarizing where India fits into the world market for imported and exported petroleum bitumen, residues of petroleum or bituminous mineral oils, and bituminous mixtures. The total