Oil & Gas Equipment & Services · Indirect
Monitoring · monthlyProcurement Category Intelligence
Crude Oil Tankers - Suezmax
Overview
Market size
$12.5B
global, USD
CAGR
3.2%
base to forecast
Buyer power
-2.6
supplier-favoured
Suppliers
5
tracked players
Signals
12
4 high severity
Market outlook
2031$14.6B
What changed
Demand by region
Asia Pacific demand40%
Europe demand25%
North America demand20%
Middle East and Africa demand8%
Rest of world demand7%
share of global demandtotal 100%
Cost drivers
Bunker fuel and voyage costs45%
Capital financing and depreciation30%
Crew wages and manning12%
Maintenance repair and stores8%
Insurance and administration5%
share of delivered cost (analyst estimate)