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Forecast of the oil and products storage and warehousing services market in India

Release date 25.04.2022

Number of pages 52

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The relevance of research

Purpose of the study

Analysis of the state of the market for storage and warehousing services for oil and products in India, assessment of the market size, analysis of competitors, as well as identification of factors affecting the market for storage and warehousing services for oil and products

Content

Chapter 1. Key components of the market for storage and warehousing services for oil and products of its processing

1.1. Market size
1.2. Growth rates of the market for storage and warehousing of oil and products of its processing
1.3. Trends in the market of services for storage and warehousing of oil and products of its processing
1.4. The main problems of the industry
1.5. Stage of the life cycle of the market for storage and warehousing services for oil and products of its processing
1.6. Estimation of the number of buyers and their financial capabilities
1.7. Estimated consumption per capita
1.8. Analysis of sectoral indicators of financial and economic activity
1.9. Price analysis

Chapter 2

2.1. Economic components
2.2. Social Components
2.3. Technological components
2.4. Political Components
2.5. STEP-analysis of the market for storage and warehousing of oil and products of its processing

Chapter 3. Assessment of the degree of competition

3.1. Scale of competition (local, regional, national, global)
3.2. Number of competitors and relative market shares of the largest competitors
3.3. Compact location of industry companies in certain regions

Chapter 4 Industry Forecasts

4.1. Analysis of the impact of recent crises on the industry (the global crisis of 2008 and the currency crisis in India in 2014)
4.2. Analysis of the impact on the state aid industry at the current date
4.3. Assessment of the extent of the impact of the crisis on the analyzed market. Barriers existing in the market of services for storage and warehousing of oil and products of its processing
4.4. Prospects and drivers for the growth of the market for storage and warehousing of oil and products of its processing
4.5. Forecast of the development of the market for storage and warehousing of oil and products of its processing in the context of the current economic crisis

Chapter 5 Forecasting Methodology

5.1. Methods for forecasting key industry indicators
5.2. Sources of information for forecasting
5.3. Timing of forecasting

Research excerpt

Chapter 1. Key components of the market for storage and warehousing services for oil and products of its processing

1.1. Market size

The need for oil storage facilities arose immediately from the beginning of oil production and during the analyzed period only increased both in the world and in India. India is the world's third largest oil producer, accounting for more than ...% of the world's crude oil production. Oil production is concentrated in the West Siberian and Volga-Ural oil and gas regions. The country's economy is highly dependent on the export of energy resources (India is in the TOP-5 oil exporting regions in the world).

Storage of oil and oil products - the maintenance of reserve stocks of oil and oil products in conditions that ensure their quantitative and qualitative safety for a specified time. Ensuring the storage of oil is necessary in the production, processing and distribution of oil and products of its processing. The storage of oil and oil products is due to the specifics of the work of companies in the oil sector and related industries and the need to:

ensuring energy security;
operational and national economic reservation;
transshipment of oil and products of its processing;
compensation for uneven consumption due to fluctuations in supply and demand.

There are storage facilities for storing oil and oil products and storage facilities used for pumping oil and oil products.
The storage of oil and oil products can also be combined with other technological operations (dehydration, oil desalination, mixing, heating, etc.).
Storage is carried out in tanks at oil fields, pumping stations and loading stations of main oil and product pipelines, raw materials and commodity parks of oil refineries, at oil and oil product terminals, in tanks and small containers at oil depots and gas stations.

According to the methods of storing storage / tank farms and the tanks themselves, they differ by:

ground;
underground;
marine storages.

There are also semi-underground storage facilities. Underground storages are intended mainly for large stocks of oil and oil products. Depending on the scheme of the device and the method of construction, reinforced concrete, ice-soil, mine storages, underwater oil storages, as well as storages created by the camouflage explosion method or built in the rock salt column by the leaching method are distinguished.

Ground tanks for shelter from external force influences are made of high-quality and durable steel. And according to the composite profile, they are either vertical or horizontal, with a fixed roof or in a floating version.

The oil storage market is divided into the following segments:

raw oil,
petrol,
jet fuel,
naphtha,
diesel fuel,
kerosene,
liquefied petroleum gas.

In value terms, the largest share falls on the crude oil segment.
According to Allied Market Research, modern oil storage facilities are made of steel, carbon steel, fiberglass reinforced plastic, reinforced concrete. The most popular tanks are made of carbon steel. Depending on the design, tanks can be open top, fixed roof, floating roof and others. The most popular segment of tanks with a floating roof.

According to the purpose of the storage (tank farms), there are three types of oil storage / tank farms:

Transshipment - these are the storage of petroleum products for further reloading from one mode of transport to another. These bases are usually located on the banks of navigable rivers, in seaports, and on major railway lines.
Distribution (loading stations) - directly supply oil products to consumers in the service region. The supply of fuel to such storage facilities can be carried out by various means of transport, including main oil pipelines.
Transshipment and distribution (line stations) - combine the functions of transshipment and distribution. As a rule, these are large stations. An example of a linear station is the Volodarskaya LPDS.
Tank farms for storage of oil and oil products are a complex of tanks of various types.

...
Warehouse enterprises for the storage of oil and oil products (among them: tank farms, oil storage facilities, tank farms, oil and oil product terminals, filling and line stations, line production and dispatch stations) are divided into independent and included in other companies - oil producing enterprises, oil refineries, filling stations, and other enterprises of the fuel and energy complex and related industries.

The development of oil production and oil refining in India is characterized by the creation of vertically integrated oil holdings, in the structure of which transport and logistics centers and facilities for storing and warehousing oil and refined products have been created. The sufficiency and reliability of oil and oil products storage systems is the most important factor in the economic stability of fuel and energy enterprises. Thus, the largest oil companies in India provide the bulk of the volume of storage and warehousing of oil and oil products at various stages of the production process on their own. The need for storage services arises at the final stages of the transport chain.

The volume of the Indian market for storage and warehousing services for oil and products of its processing is estimated based on data from the world oil storage market and India's share of oil production in the world.
...

1.2. Growth rates of the market for storage and warehousing of oil and products of its processing

Market growth rates in the period 2017-2021 allow us to state that the market for storage and warehousing of oil and oil products is actively developing. During the estimated period, there was an increase in the market volume in terms of money.
...

Diagram 2. Dynamics of the volume of the market for storage and warehousing services for oil and products of its processing, 2017–2021, million Rs.

The market is characterized by a steady upward trend. In the medium term, this trend will be maintained, provided that oil production in India remains at the level of 2021 or higher.

1.3. Trends in the market of services for storage and warehousing of oil and products of its processing

According to the study, the following main trends and tendencies were noted in the market for storage services for oil and products of its processing (some of them are discussed in more detail in other sections of the study):
...

1.4. The main problems of the industry

The main problems of the industry according to GidMarket assessment and expert opinions include (some of them are discussed in more detail in other sections of the study):
...

1.5. Stage of the life cycle of the market for storage and warehousing services for oil and products of its processing

The oil storage and warehousing services market in India is currently in its early stages of maturity, which is a stage of stability in terms of demand, technology and level of competition.
The maturity stage is the longest of all life cycle stages. It is characterized by a stable level of sales with a slowdown in growth rates. The product, in this case the service of storage and warehousing of oil and oil products, provides a stable income due to the formed consumer base with the preferences that have developed at that moment.

The level of competition in the market becomes maximum and stabilizes, which, in the face of slower growth, creates a more aggressive struggle for existing consumers. A high value at the stage of maturity gets the speed of the company's reaction to the actions of competitors.

The level of profit at the stage of maturity is slightly reduced. To maintain and increase profits, it is necessary to: increase investment to maintain sales levels, reduce prices for regular customers, conduct research and development to stimulate a new stage of market growth. A new stage of growth in relation to the assessed market may be an increase in the trend of accumulation of higher reserves of oil and oil products by oil structures and traders.
...

Further development of the market will be largely determined by:

the dynamics of the economic development of India as a whole;
political situation in the country and in the world;
demand for oil at the global and national levels;
the dynamics of Indian oil production;
oil reserves in fields operated and developed in India;
the presence of new projects for the development of deposits;
the required level of reserves of produced oil and oil products;
the policy of oil producing, oil refining companies and oil traders regarding the availability of their own oil storage tanks;
dynamics of decarbonization of the economy in the country and in the world.

1.6. Estimation of the number of buyers and their financial capabilities

The direct customers in the oil and oil products storage and warehousing services market are oil holding companies, oil traders, oil exporters and importers. At the same time, the largest oil structures have their own oil storage facilities, which maximally cover the need for storing oil and oil products.
Major oil holdings in India:
...

Demand for storage and warehousing of oil and oil products to a certain extent depends on the general demand of the population for goods and services. The population size and its real incomes are the main indicators characterizing the demand of the population.
Population. During 2010-2018, there was an increase in the population.
...

The real incomes of the population determine the level of solvent demand. The diagram below shows the dynamics of the growth rate of this indicator.
...

1.7. Estimated consumption per capita

Estimation of consumption volume per capita was made by GidMarket on the basis of the ratio of market volume to the population of India. As can be seen from the diagram, the consumption of storage services for oil and oil products has been growing annually throughout the entire period under evaluation.

The volume of consumption of oil and petroleum products storage services per capita in India as a whole correlates with the dynamics of the market volume, since the dynamics of the population over the study period, although it has a negative trend, is declining slightly compared to the growth dynamics of the estimated market.

Diagram 7. Volume of consumption in the market of storage and warehousing services for oil and products of its processing per capita, 2017–2021

1.8. Analysis of sectoral indicators of financial and economic activity

Important data for analyzing the state of the industry is the dynamics of such indicators as profitability, liquidity. The indicators were calculated by GidMarket on the basis of data on OKVED2 52.10.21 ""Storage and storage of oil and products of its processing.""

Gross profitability of the oil and oil products storage and storage industry, which serves as an assessment of economic efficiency, is significantly higher than the level of the same indicator for the economy of all industries as a whole.

Table 1. Gross profitability of the industry of storage and warehousing of oil and products of its processing in comparison with all sectors of the Indian economy, 2017–2021, %

Profitability before tax in the field of oil and petroleum products storage services in 2017-2021 was higher than that of all industries in India.
...

The annual value of current liquidity in the evaluated industry for the period under review is more than two, which indicates sufficient solvency of the enterprises of the industry (the normative value of current liquidity equal to 2 is most often found in domestic regulations; in world practice, a coefficient in the range from 1,5 to 2,5 is considered optimal, .). Industry enterprises have a high ability to pay off their obligations (debts) in the short term.

A more stringent liquidity criterion is the absolute liquidity ratio. It shows what part of short-term liabilities can be repaid immediately, if necessary, at the expense of available cash and marketable securities.
...

1.9. Price analysis

According to GidMarket estimates, consumer price indices in the market for storage and warehousing services for oil and petroleum products are similar to price indices for freight rail transportation in India. If for the period 2017-2019. the average annual consumer price index for storage was higher than the consumer price index for all goods and services, then in 2020-2021. storage price dynamics decreased and became lower than the general consumer index.

The dynamics of prices in the market for storage and warehousing services for oil and oil products is due to the general level of prices in the market for transportation and transshipment of goods, in the market for oil and oil products, consumer inflation, rising labor costs, and the level of competition in the market.

Table 3. Consumer price indices in the market for storage and warehousing services for oil and refined products in India in 2017–2022 (available period) % of the corresponding previous period

...
The pricing policy for storage services for oil and petroleum products differs depending on the type of operator providing storage services:
...

According to the tariffs of seaports, discounts are provided for port services, including storage. Thus, in the seaport, according to the tariff policy of discounts to the tariff for port services, the criteria for rate adjustment are provided (see the table below), the total amount of discounts cannot exceed 40% of the base tariff.

Table 5. Discounts for port services in the port of St. Petersburg

Chapter 2

Macroeconomic factors influence the dynamics of all sectors of the Indian economy, including the market for storage and warehousing of oil and oil products. The main groups of factors are: economic, political, social and technological.

2.1. Economic components

Gross domestic product

GDP (gross domestic product) is used to determine the rate of economic development of any state. GDP is a macroeconomic indicator that reflects the total value of goods, works and services that were produced and provided in the country in a year. Gross domestic product is the main indicator on the basis of which the level and pace of the country's economic development are determined.
...

The global outlook remains highly uncertain, with high risks to the spread of the pandemic and the possibility of financial stress amid high unpredictability of developments with the special operation in Ukraine and a large debt load.
...

Forecasts for the recovery of the Indian economy depend on the possible dynamics of the global economy and the development of the epidemiological situation.
...

The dynamics of the US dollar
Also, one of the factors of pressure on GDP can be called the deterioration of the price environment in the commodity markets. The chart below shows the dynamics of the US dollar against the rupee.
...

Rising inflation
...

According to the Central Bank, the Indian economy is entering a phase of large-scale structural adjustment, which will be accompanied by a temporary but inevitable period of high inflation.
...

Dynamics of oil production
Storage and warehousing of oil and oil products, one of the integral components of the production process of production, processing and supply of oil industry products. The assessed market significantly depends on the volumes and growth rates of oil production.

Diagram 13. Volume of oil production in India for 2008-2021, million tons

...
The positive dynamics of production volumes (with the exception of 2020) has a positive effect on the market for storage and storage of oil and oil products. Moreover, surges associated with oil demand also stimulate the storage market for oil and oil products.

Oil export dynamics
Oil exports, after the decline associated with the crisis of 2014-2015, until 2020 had a positive trend, due to the coronavirus pandemic in 2020, the volume of oil exports dropped sharply.
...

Development of the transport industry
Since the transport industry is one of the most significant consumers of oil and petroleum products, its development has a significant impact on the analyzed market, both in terms of consumption and the use of vehicles for transporting products.
...

High volatility in oil prices
There is high volatility in oil prices on the world market and in India, which forces sellers to hold oil in oil storage facilities during periods of low prices. This trend is driving the Indian-valued market.
The most volatile oil prices were observed in 2020, during a period of decline in global energy demand due to a decrease in business activity due to the coronavirus.
...

High demand volatility is not oil
In 2020, due to forced lockdowns and a downturn in business activity against the backdrop of the coronavirus pandemic, there was a high volatility in demand for oil and refined products, and at certain points the consumption of oil and oil products decreased significantly. At the same time, the oil production process is characterized by the lack of the possibility of stopping the production process. Conservation of deposits can be used only with extremely extreme measures. The drop in demand forced the market players to pack their existing oil storage facilities to the maximum, and there was a temporary shortage of storage capacities.

The situation with the overcrowding of oil storage facilities and the likelihood of repeats of high volatility in demand for Indian oil under sanctions stimulates the market for storage services for oil and petroleum products, having a positive impact on the market under study.

Dynamics of oil products production volumes
The expansion of refining capacity and the positive dynamics of production volumes of the main refined products in India have a positive impact on the market.

2.2. Social Components

As mentioned earlier (Section 1.6 of this study), the decline in the population of India, as well as the dynamics of real incomes of the population, are currently negatively affecting the market for storage and warehousing services for oil and oil products. In addition, the following social factors are noted:
Increasing attention to the environment

Due to environmental threats, the world's energy consumption is increasingly shifting away from fossil fuels. Global energy demand will continue to grow until 2050, but as countries transition to a low-carbon economy, the share of fossil fuels for energy production will decrease, which will significantly affect the global demand for oil and gas products.
However, most experts believe that the peak of world oil and gas consumption in the world has not yet arrived. Expert opinions on the dynamics of oil consumption:
...

However, given that India is one of the largest suppliers of oil and gas to the world market and the export of the oil and gas sector is the backbone of the Indian economy, the prospect of reducing the use of high-carbon energy sources for the foreseeable future will have a significant impact on the Indian oil and gas industry and the Indian economy as a whole. . India's oil and gas sector is estimated to be the most decarbonized in the world.

Given that the volume of oil consumption with an active policy of decarbonization of the world economy will be significantly reduced in the future, the environmental factor in the long term will have a negative impact on the industry being assessed.

2.3. Technological components

Seasonality
The seasonality of oil and oil products consumption has a positive effect on the storage and warehousing market for these products.

Deterioration of production assets
In the sector of storage and warehousing of oil and oil products, the depreciation of the tank farm is observed. It is necessary to overhaul and reconstruct the country's tank farm, created since the 40s.

Application of innovative technologies
One of the factors contributing to the solution of technological problems in any industry is the use of innovative technologies and methods. The crisis associated with the pandemic has pushed many industries to a global technological upgrade, including in the field of storage and warehousing.

2.4. Political Components

State control and supervision

Tank farms for the storage of oil and oil products must meet various requirements, including:

production requirements for the operation of the project;
international ASME quality standards;
SNiPa 2.11.03–93 “Construction norms and rules. Warehouses of oil and oil products”;
SP 123.13330.2012 ""SNiP 34-02-99 Underground storage facilities for gas, oil and products of their processing"";
GOST 31385-2016 ""Vertical cylindrical steel tanks for oil and oil products. General specifications"";
GOST 1510–84 “International standard “Oil and oil products. Marking, packaging, transportation and storage”;
GOST 30852.9–2002 International standard ""Explosion-proof electrical equipment"".

In addition, tank farms and oil terminals should be included in the register of hazardous industrial facilities in India.
...

Limitation of world oil production
Indirect factors slowing down the development of the industry being assessed include OPEC decisions to limit oil production.

Tense political environment
The tense political situation in interstate relations has a negative impact on all spheres of the Indian economy. Anti-India sanctions and the generally sharp deterioration in relations between Western countries and India largely determine India's foreign policy. This political factor determines the vector of export development, the geography of raw material supplies, as well as the economic situation in the country as a whole.
...

The market for oil and oil products is very dependent on export supplies, and, as a result, the volume of services for storing and warehousing oil significantly depends on the volume of exports.

Credit policy
The Government of India is actively working towards the availability of credit funds. The weighted average interest rate in 2015-2020 tended to decrease. Low stable interest rates made it possible to plan business more confidently and plan consumer spending.
...

Creation of Strategic Oil Reserves
There is a wide interest in the world in the creation of strategic reserves of SZN oil by government organizations to maintain oil reserves in large volumes and ensure a constant energy supply. This trend is also observed in India. At the state level, the issue of the need to create Strategic Oil Reserves (except for the existing State Reserve) was raised.
...

2.5. STEP-analysis of the market for storage and warehousing of oil and products of its processing

The results of the analysis of factors influencing the market are presented in the form of a STEP analysis table.

Table 8. STEP-analysis of factors affecting the market for storage and warehousing services for oil and products of its processing

Macro-environment factors have a negative impact on the development of the oil and oil products storage services market to a greater extent. Exchange rate fluctuations, GRP dynamics, falling incomes and population, rising inflation, oil export dynamics, state control and supervision, oil production restrictions, tense political environment, credit policy, depreciation of production assets, increased global attention to the environment negatively affect the market under study . But given the high level of oil production in India and the stable demand for storage of products, in total these factors have only a deterrent effect.

Chapter 3. Assessment of the degree of competition

3.1. Scale of competition (local, regional, national, global)

Global competition in the market under consideration is currently weak. But it should be noted that the largest holding company Transneft, which includes all the TOP-5 companies in the market being assessed, has oil storage facilities outside of India. Also, a number of foreign companies own tank complexes in certain ports of India, which generates various cash flows at the international (global) level.

The main competition is concentrated at the national level, since the market is dominated by enterprises that are part of the largest holding structures in the oil sector and have production facilities for storing oil and oil products in various regions of India.

At the regional and local levels, competition in the field of storage and warehousing of oil and oil products is represented by small companies.

3.2. Number of competitors and relative market shares of the largest competitors

As of March 2022, 2 operating organizations and individual entrepreneurs (including 52.10.21 legal entities and 538 individual entrepreneurs) were registered under the OKVED493 code 45 ""Storage and warehousing of oil and products of its processing"" as the main activity. But the largest market players providing oil and oil products storage services have other OKVED codes as their main activity (49.50.1 Transportation of oil and oil products through pipelines, 52.22.1 Support activities related to maritime transport, 52.24.2 Transport processing of other cargo, other OKVED codes).

The criteria adopted in determining the share of key market players are: the total capacity of tank farms operated by companies for storing oil and oil products, as well as the specialization and main functionality of these tanks (storages used for pumping oil and oil products / storage facilities for storing oil reserves).
...

Chart 18. Dynamics of the total revenue of the largest operators in the market for storage and warehousing services for oil and refined products (TOP-5) in India, 2017–2021, billion Rs.

The revenue of the leading companies in the market (Top-5 leaders) tends to increase. But with the onset of the pandemic in 2020, a sharp decline in revenue was recorded.
3.3. Compact location of industry companies in certain regions
...

According to the estimates of revenues according to OKVED 52.10.21 ""Storage and warehousing of oil and products of its processing"", almost ...% of revenue falls on the North-Western, Southern and Siberian federal districts. Most tank farms for storing oil and oil products are located on the main oil transportation routes and near transshipment points.

Chapter 4 Industry Forecasts

4.1. Analysis of the impact of recent crises on the industry (the global crisis of 2008 and the currency crisis in India in 2014)

The oil industry is one of the key fund-creating industries, on which the formation of the Indian economy largely depends. The oil sector is cyclical, so it will always be sensitive to trends in the national economy. Since its inception, the oil industry has experienced boom and bust cycles, with some cycles lasting as long as five years.
The market for oil storage and warehousing services depends directly on the development of the oil industry.
...

4.2. Analysis of the impact on the state aid industry at the current date

Forecasting the development of the market for storage and warehousing services for oil and its products in India is impossible without understanding the economic situation in the country.
...

4.3. Assessment of the extent of the impact of the crisis on the analyzed market. Barriers existing in the market of services for storage and warehousing of oil and products of its processing

2020 has dealt a significant blow to the global economy for a long time. Experts compare the global coronavirus crisis with the Great Depression of the 1930s, its consequences will be felt for years. One way or another, all industries and countries were affected. The introduction of non-working days, as well as additional restrictions on the activities of certain industries, led to a significant decrease in economic activity. There followed an increase in inflation, a weakening of the national currency, a deterioration in the socio-economic situation, and a decrease in the purchasing power of the population.
...

Against the backdrop of ongoing events, the market for storage and warehousing of oil and oil products can develop in different scenarios in the short term:
...

Factors affecting the assessed market:
...

The main barriers of the assessed market:
...

4.4. Prospects and drivers for the growth of the market for storage and warehousing of oil and products of its processing

Further development of the oil and oil products storage services market in India will largely depend on the general economic condition of the state. India's Socio-Economic Development Forecast prepared by the Ministry of Economic Development until 2024 is presented in the table below.
...

Under the current conditions, the growth drivers of the estimated Indian market will be:

Crude oil price volatility.
An increase in the state oil reserve and the creation of strategic oil reserves.
Increasing the frequency of periods of shortage of capacities for storing oil and oil products.
The reservoir infrastructure of refineries is the bottleneck of oil refineries, so the issue of storing petroleum products is relevant for all major players in the oil market.
The policy of increasing commercial stocks of oil and petroleum products in a highly volatile environment.
High oil reserves in developed and operated fields.
Oil storage facilities, both for commercial and strategic government purposes, are a necessary part of the oil infrastructure, creating a stable energy supply, mitigating the effects of shock situations in the oil market and increasing the flexibility of supplies of oil and refined products.

...

4.5. Forecast of the development of the market for storage and warehousing of oil and products of its processing in the context of the current economic crisis

Continuous growth in energy consumption, coupled with growing concerns about fulfilling emergency crude oil deliveries, will drive the global oil and petroleum products storage industry over the forecast period. Growing concerns about protection from short-term fluctuations in the supply of crude oil and other related commodities will further stimulate demand in the industry. Oil price volatility will further stimulate the growth of the industry. At the same time, the decarbonization trend of the global economy will be a deterrent to market development.

In the current conditions and taking into account the emerging global energy transition to renewable energy, the forecast for the development of the Indian market until 2026 is considered by GidMarket specialists in three scenarios:

Scenario 1.
...
Scenario 2.
...
Scenario 3.
...

Chapter 5 Forecasting Methodology

5.1. Methods for forecasting key industry indicators

Modern statistical forecasting methods are used, taking into account the actual dynamics of the industry and the impact of the current and forecasted general economic situation…
In addition, when compiling the forecast, changes in real incomes of the population, trends in consumer preferences in a crisis, development forecasts and the degree of impact of other factors affecting the industry are taken into account.

5.2. Sources of information for forecasting

Industry volume over the past 5 years
Industry dynamics in 2008-2009, in 2014-2015, in 2017-2021*
Dynamics of macroeconomic indicators over the past 9-10 years
Current public assistance plans
Databases of the State Statistics Committee of India
Indian Revenue Service databases
Open sources (websites, portals)
Issuer reporting
Company websites
Media Archives
Regional and federal media
Insider sources
Specialized analytical portals

Until October 2022 financial indicators for the main market operators and industry coefficients for 2021 - GidMarket forecast based on the dynamics for 2017-2020, except for cases when the operator discloses data on the results of financial 2021 publicly.

5.3. Timing of forecasting

The forecast belongs to the medium-term category - 5 years (2022-2026)

Diagrams

Figure 1. Types of oil storage
Diagram 2. Dynamics of the volume of the market for storage and warehousing services for oil and products of its processing, 2017–2021, million Rs.
Figure 3. Stage of the life cycle of the market for storage and warehousing services for oil and products of its processing
Diagram 4. Population dynamics in India, as of 01 Jan. 2010–2022, million people, %
Diagram 5. Population forecast in India for 2023, million people
Chart 6. Dynamics of real incomes of the population of India, 2013–2021, %
Diagram 7. Volume of consumption in the market of storage and warehousing services for oil and products of its processing per capita, 2017–2021
Diagram 8. Profitability of profit before tax (profit of the reporting period) in the industry of storage services and warehousing of oil and products of its processing in comparison with all sectors of the Indian economy, 2017–2021, %
Diagram 9. Current liquidity (total coverage) for the industry of storage and warehousing services for oil and its products for 2017–2021, times
Diagram 10. Dynamics of India's GDP, 2013–2021, billion Rs. and in %
Chart 11. Monthly dynamics of the US dollar against the rupee, 2017 - available period 2022, Rs. for 1 US dollar
Diagram 12. Consumer price index for all goods and services for 2013 - 2021 and for the available period of 2021 (Jan. 2022 to Dec. 2021), %
Diagram 13. Volume of oil production in India for 2008-2021, million tons
Diagram 14. The volume of oil exports from India for 2000-2021, million tons
Diagram 15. Dynamics of prices in India for motor gasoline, %
Chart 16. Dynamics of Urals oil prices in 2017-2021, USD/bbl
Diagram 17. Shares of the largest competitors in the market for storage and warehousing services for oil and refined products in 2021, %
Chart 18. Dynamics of the total revenue of the largest operators in the market for storage and warehousing services for oil and refined products (TOP-5) in India, 2017–2021, billion Rs.
Diagram 19. Compactness of location of companies in the industry in certain regions
Chart 20. TOP-15 countries by crude oil storage capacity, mln m3 capacity
Diagram 21. Forecast of the volume of the market for storage and warehousing services for oil and products of its processing in 2022–2026 under Scenarios 1 and 2, billion Rs.
Diagram 22. Forecast of the volume of the market for storage and warehousing services for oil and products of its processing in 2022–2026 Scenario 3, billion Rs.

Tables

Table 1. Gross profitability of the industry of storage and warehousing of oil and products of its processing in comparison with all sectors of the Indian economy, 2017–2021, %
Table 2. Absolute liquidity of the industry of storage and warehousing services for oil and products of its processing in comparison with all sectors of the Indian economy, 2017–2021, times
Table 3. Consumer price indices in the market for storage and warehousing services for oil and refined products in India in 2017–2022 (available period), % to the corresponding previous period
Table 4. Average prices in the market for storage and warehousing services for oil and products of its processing in the Union Territories
Table 5. Discounts for port services in the port of St. Petersburg
Table 6. Projections from various sources of real GDP in India in 2022-2024 (baseline scenario) after the start of the special operation in Ukraine, %
Table 7. Dynamics of the volume of production of diesel fuel and gasoline, thousand tons
Table 8. STEP-analysis of factors affecting the market for storage and warehousing services for oil and products of its processing
Table 9. Main companies participating in the market of storage and warehousing services for oil and refined products in 2021
Table 10. Assessment of the impact of recent crises on the industry
Table 11. Analysis of the impact on the industry of the state aid proposed to date
Table 12. Forecast indicators of the development of the Indian economy (MED forecast)
Table 13. Forecast indicators of the development of the Indian economy (CMASF forecast March 2022)

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