Road transportation is the greatest oil demanding sector in OECD (Organisation for Economic Co-operation and Development) member states. In 2022, 49.24 percent of all oil consumed in the OECD was related to motor vehicle usage. By comparison, the petrochemical sector which manufactures plastics, resins, and other petroleum-based products, only made up about an eighth of total demand.
U.S. and China by far largest consumers
The United States and China are the greatest oil consumers worldwide by a wide margin. In 2022, daily oil consumption in these countries amounted to 19.1 million barrels and 14.3 million barrels, respectively. Daily global crude oil demand, including biofuels, reached 99.57 million barrels in 2022, up from a low of 91.19 million barrels recorded during the coronavirus pandemic in 2020.
The future road sector
Oil is used in numerous manufacturing processes and still accounts for a large chunk of primary energy supply worldwide. It is largely used to produce transportation fuels such as gasoline, diesel, and kerosene. As such, demand is also shaped by a growth or decline in internal-combustion engine vehicle usage and overall economic performance. During the 2020 pandemic, oil demand within the road sector decreased as lockdowns were enforced across the world. With many countries pushing for a wider adoption of electric vehicles, oil demand in the road sector is likely to be further affected going forward.
Distribution of oil demand in the OECD in 2022, by sector
The OECD stands for the Organisation for Economic Co-operation and Development, which is an intergovernmental economic organization with 37 member states.
Figures added manually from individual tables and calculated by Statista using hard figures for demand volume provided by the source. Figures due to not sum 100 percent due to rounding.
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OPEC. (December 13, 2023). Distribution of oil demand in the OECD in 2022, by sector [Graph]. In Statista. Retrieved November 02, 2024, from https://www.statista.com/statistics/307194/top-oil-consuming-sectors-worldwide/
OPEC. "Distribution of oil demand in the OECD in 2022, by sector." Chart. December 13, 2023. Statista. Accessed November 02, 2024. https://www.statista.com/statistics/307194/top-oil-consuming-sectors-worldwide/
OPEC. (2023). Distribution of oil demand in the OECD in 2022, by sector. Statista. Statista Inc.. Accessed: November 02, 2024. https://www.statista.com/statistics/307194/top-oil-consuming-sectors-worldwide/
OPEC. "Distribution of Oil Demand in The Oecd in 2022, by Sector." Statista, Statista Inc., 13 Dec 2023, https://www.statista.com/statistics/307194/top-oil-consuming-sectors-worldwide/
OPEC, Distribution of oil demand in the OECD in 2022, by sector Statista, https://www.statista.com/statistics/307194/top-oil-consuming-sectors-worldwide/ (last visited November 02, 2024)
Distribution of oil demand in the OECD in 2022, by sector [Graph], OPEC, December 13, 2023. [Online]. Available: https://www.statista.com/statistics/307194/top-oil-consuming-sectors-worldwide/