Middle East & Africa Oil Storage Market Size & Outlook
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MEA oil storage market highlights
- The MEA oil storage market generated a revenue of Million 799.1 cubic in 2025.
- The market is expected to grow at a CAGR of 4.2% from 2026 to 2033.
- In terms of segment, crude oil was the largest revenue generating application in 2025.
- Middle distillates is the most lucrative application segment registering the fastest growth during the forecast period.
- Country-wise, UAE is expected to register the highest CAGR from 2026 to 2033.
MEA data book summary
| Market revenue in 2025 | Million 799.1 cubic |
| Market revenue in 2033 | Million 1,120.3 cubic |
| Growth rate | 4.2% (CAGR from 2026 to 2033) |
| Largest segment | Crude oil |
| Fastest growing segment | Middle distillates |
| Historical data covered | 2021 - 2024 |
| Base year for estimation | 2025 |
| Forecast period covered | 2026 - 2033 |
| Quantitative units | Revenue in Million cubic |
| Market segmentation | Crude oil, Middle distillates, Gasoline, Aviation fuel |
| Key market players worldwide | Koninklijke Vopak NV, Belships ASA, Castile Resources Ltd Ordinary Shares, Delta Oil & Gas Inc, VTTI, Oiltanking, Buckeye Partners, Schott Pharma AG & CO KGaA, Shawcor, Superior Tank Co., Inc. |
Other key industry trends
- In terms of revenue, MEA region accounted for 34.5% of the global oil storage market in 2025.
- Globally, MEA is projected to lead the regional market in terms of revenue in 2033.
- Latin America is the fastest growing regional market and is projected to reach Million 269.1 cubic by 2033.
Key Regions: UAE , U.S. , Brazil , Saudi Arabia , Canada
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Oil Storage Market Scope
Oil Storage Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Superior Tank Co., Inc. | View profile | 51-100 | Rancho Cucamonga, California, United States, North America | https://www.superiortank.com |
| Shawcor | View profile | 1001-5000 | Toronto, Ontario, Canada, North America | https://www.shawcor.com |
| Buckeye Partners | View profile | 501-1000 | Houston, Texas, United States, North America | - |
| Oiltanking | View profile | 1001-5000 | Hamburg, Hamburg, Germany, Europe | http://www.oiltanking.com/Oiltanking/en/home/index.php |
| VTTI | View profile | 5001-10000 | Rotterdam, Zuid-Holland, The Netherlands, Europe | https://www.vtti.com/ |
| Delta Oil & Gas Inc | View profile | 3 | 700 West Pender Street, Suite 604, Vancouver, BC, Canada, V6C 1G8 | |
| Castile Resources Ltd Ordinary Shares | View profile | - | 17 Southport Street, Suite 1A, West Leederville, WA, Australia, 6007 | https://www.castile.com.au |
| Belships ASA | View profile | 145 | Lilleakerveien 6D, 7th floor, Oslo, Norway, N-0283 | https://www.belships.com |
| Koninklijke Vopak NV | View profile | 5505 | Westerlaan 10, Rotterdam, Netherlands, 3016 CK | https://www.vopak.com |
| Schott Pharma AG & CO KGaA | View profile | 4646 | Hattenbergstrasse 10, Mainz, RP, Germany, 55122 | https://www.schott-pharma.com |
Middle East & Africa oil storage market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to oil storage market will help companies and investors design strategic landscapes.
Crude oil was the largest segment with a revenue share of 57.31% in 2025. Horizon Databook has segmented the Middle East & Africa oil storage market based on crude oil, middle distillates, gasoline, aviation fuel covering the revenue growth of each sub-segment from 2021 to 2033.
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Our clientele includes a mix of oil storage market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa oil storage market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa oil storage market from 2021 to 2033, including revenue numbers, major trends, and company profiles.
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Middle East & Africa Oil Storage Market Outlook Share, 2025 & 2033 (Million cubic meters)
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