| Product Code: ETC5668928 | Publication Date: Nov 2023 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
In 2024, the Republic of North Macedonia continued to heavily rely on oil imports, with top exporters being Greece, Bulgaria, Saudi Arabia, Egypt, and Kazakhstan. The high Herfindahl-Hirschman Index (HHI) indicates a concentrated market for oil imports. Despite a strong compound annual growth rate (CAGR) of 22.54% from 2020-2024, there was a notable decline in growth rate (-10.05%) from 2023-2024. This suggests potential challenges or shifts in the market dynamics that impacted oil import shipments to North Macedonia.

1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Republic of Macedonia Process Oil Market Overview |
3.1 Republic of Macedonia Country Macro Economic Indicators |
3.2 Republic of Macedonia Process Oil Market Revenues & Volume, 2021 & 2031F |
3.3 Republic of Macedonia Process Oil Market - Industry Life Cycle |
3.4 Republic of Macedonia Process Oil Market - Porter's Five Forces |
3.5 Republic of Macedonia Process Oil Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Republic of Macedonia Process Oil Market Revenues & Volume Share, By Function, 2021 & 2031F |
3.7 Republic of Macedonia Process Oil Market Revenues & Volume Share, By Production Technology, 2021 & 2031F |
3.8 Republic of Macedonia Process Oil Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Republic of Macedonia Process Oil Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for processed oil products in industries such as food processing, cosmetics, and pharmaceuticals. |
4.2.2 Growing awareness about the health benefits of using high-quality processed oils. |
4.2.3 Favorable government regulations supporting the growth of the processed oil market in the Republic of Macedonia. |
4.3 Market Restraints |
4.3.1 Fluctuating prices of raw materials impacting the production cost of processed oils. |
4.3.2 Intense competition from imported processed oil products. |
4.3.3 Volatility in global oil prices affecting the overall market stability in the Republic of Macedonia. |
5 Republic of Macedonia Process Oil Market Trends |
6 Republic of Macedonia Process Oil Market Segmentations |
6.1 Republic of Macedonia Process Oil Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Republic of Macedonia Process Oil Market Revenues & Volume, By Aromatic, 2021-2031F |
6.1.3 Republic of Macedonia Process Oil Market Revenues & Volume, By Paraffinic, 2021-2031F |
6.1.4 Republic of Macedonia Process Oil Market Revenues & Volume, By Naphthenic, 2021-2031F |
6.1.5 Republic of Macedonia Process Oil Market Revenues & Volume, By Non-carcinogenic, 2021-2031F |
6.2 Republic of Macedonia Process Oil Market, By Function |
6.2.1 Overview and Analysis |
6.2.2 Republic of Macedonia Process Oil Market Revenues & Volume, By Extender Oil, 2021-2031F |
6.2.3 Republic of Macedonia Process Oil Market Revenues & Volume, By Plasticizer, 2021-2031F |
6.2.4 Republic of Macedonia Process Oil Market Revenues & Volume, By Solvent, 2021-2031F |
6.2.5 Republic of Macedonia Process Oil Market Revenues & Volume, By Defoamer, 2021-2031F |
6.3 Republic of Macedonia Process Oil Market, By Production Technology |
6.3.1 Overview and Analysis |
6.3.2 Republic of Macedonia Process Oil Market Revenues & Volume, By Convention Route, 2021-2031F |
6.3.3 Republic of Macedonia Process Oil Market Revenues & Volume, By Gas to Liquid, 2021-2031F |
6.3.4 Republic of Macedonia Process Oil Market Revenues & Volume, By Bio-based, 2021-2031F |
6.4 Republic of Macedonia Process Oil Market, By Application |
6.4.1 Overview and Analysis |
6.4.2 Republic of Macedonia Process Oil Market Revenues & Volume, By Tire & Rubber, 2021-2031F |
6.4.3 Republic of Macedonia Process Oil Market Revenues & Volume, By Polymer, 2021-2031F |
6.4.4 Republic of Macedonia Process Oil Market Revenues & Volume, By Personal Care, 2021-2031F |
6.4.5 Republic of Macedonia Process Oil Market Revenues & Volume, By Textile, 2021-2031F |
6.4.6 Republic of Macedonia Process Oil Market Revenues & Volume, By Others, 2021-2031F |
7 Republic of Macedonia Process Oil Market Import-Export Trade Statistics |
7.1 Republic of Macedonia Process Oil Market Export to Major Countries |
7.2 Republic of Macedonia Process Oil Market Imports from Major Countries |
8 Republic of Macedonia Process Oil Market Key Performance Indicators |
8.1 Percentage of market penetration of locally produced processed oils. |
8.2 Consumer sentiment towards locally produced processed oils. |
8.3 Number of new product launches and innovations in the processed oil market in the Republic of Macedonia. |
9 Republic of Macedonia Process Oil Market - Opportunity Assessment |
9.1 Republic of Macedonia Process Oil Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Republic of Macedonia Process Oil Market Opportunity Assessment, By Function, 2021 & 2031F |
9.3 Republic of Macedonia Process Oil Market Opportunity Assessment, By Production Technology, 2021 & 2031F |
9.4 Republic of Macedonia Process Oil Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Republic of Macedonia Process Oil Market - Competitive Landscape |
10.1 Republic of Macedonia Process Oil Market Revenue Share, By Companies, 2024 |
10.2 Republic of Macedonia Process Oil Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |