Price for Lubricating Oil Additives; Containing Petroleum Oils or Oils Obtained from Bituminous Minerals in Israel - 2024
Contents:
- Price for Lubricating Oil Additives; Containing Petroleum Oils or Oils Obtained from Bituminous Minerals in Israel (CIF) - 2022
- Price for Lubricating Oil Additives; Containing Petroleum Oils or Oils Obtained from Bituminous Minerals in Israel (FOB) - 2022
- Imports of Lubricating Oil Additives; Containing Petroleum Oils or Oils Obtained from Bituminous Minerals in Israel
- Exports of Lubricating Oil Additives; Containing Petroleum Oils or Oils Obtained from Bituminous Minerals in Israel
Price for Lubricating Oil Additives; Containing Petroleum Oils or Oils Obtained from Bituminous Minerals in Israel (CIF) - 2022
In 2022, the average import price for lubricating oil additives; containing petroleum oils or oils obtained from bituminous mineralses amounted to $4,608 per ton, rising by 19% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. Over the period under review, average import prices reached the maximum at $5,237 per ton in 2015; however, from 2016 to 2022, import prices remained at a lower figure.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were the United States ($4,608 per ton) and Greece ($4,608 per ton), while the price for France ($4,608 per ton) and Italy ($4,608 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+6.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Lubricating Oil Additives; Containing Petroleum Oils or Oils Obtained from Bituminous Minerals in Israel (FOB) - 2022
The average export price for lubricating oil additives; containing petroleum oils or oils obtained from bituminous mineralses stood at $4,149 per ton in 2022, surging by 13% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Slovenia ($4,149 per ton), while the average price for exports to the United States ($4,148 per ton) was amongst the lowest.
From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+1.0%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Lubricating Oil Additives; Containing Petroleum Oils or Oils Obtained from Bituminous Minerals in Israel
In 2022, imports of lubricating oil additives; containing petroleum oils or oils obtained from bituminous mineralses into Israel rose significantly to 3.9K tons, with an increase of 6% against the year before. The total import volume increased at an average annual rate of +5.0% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 18% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the near future.
In value terms, imports of lubricating oil additives; containing petroleum oils or oils obtained from bituminous mineralses soared to $18M in 2022. Overall, total imports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +11.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +55.8% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Lubricating Oil Additives; Containing Petroleum Oils or Oils Obtained from Bituminous Minerals in Israel (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Greece | 2.0 | 3.2 | 3.1 | 8.6 | 62.6% |
| United Kingdom | 0.4 | 1.0 | 0.2 | 2.2 | 76.5% |
| France | 2.2 | 1.2 | 1.9 | 2.0 | -3.1% |
| Belgium | 1.3 | 1.5 | 1.4 | 1.3 | 0.0% |
| United States | 1.8 | 0.4 | 1.6 | 1.0 | -17.8% |
| Germany | 1.4 | 0.5 | 1.4 | 0.9 | -13.7% |
| Turkey | N/A | 0.4 | 0.1 | 0.7 | 32.3% |
| Italy | 3.1 | 2.6 | 3.7 | 0.1 | -68.2% |
| Others | 0.7 | 0.6 | 0.9 | 1.1 | 16.3% |
| Total | 12.9 | 11.5 | 14.2 | 17.9 | 11.5% |
Top Suppliers of Lubricating Oil Additives; Containing Petroleum Oils or Oils Obtained from Bituminous Minerals to Israel in 2022:
- Greece (1873.9 tons)
- United Kingdom (476.6 tons)
- France (427.7 tons)
- Belgium (278.4 tons)
- United States (219.0 tons)
- Germany (204.6 tons)
- Turkey (153.6 tons)
- Italy (27.1 tons)
Exports of Lubricating Oil Additives; Containing Petroleum Oils or Oils Obtained from Bituminous Minerals in Israel
Exports of lubricating oil additives; containing petroleum oils or oils obtained from bituminous mineralses from Israel declined significantly to 38 tons in 2022, with a decrease of -24.4% on 2021. Overall, exports showed a deep slump. The most prominent rate of growth was recorded in 2021 with an increase of 261%. As a result, the exports attained the peak of 50 tons, and then dropped markedly in the following year.
In value terms, exports of lubricating oil additives; containing petroleum oils or oils obtained from bituminous mineralses contracted to $157K in 2022. Over the period under review, exports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 266%. As a result, the exports attained the peak of $183K, and then declined in the following year.
| Export of Lubricating Oil Additives; Containing Petroleum Oils or Oils Obtained from Bituminous Minerals in Israel (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 156 | 50.0 | 167 | 87.0 | -17.7% |
| Slovenia | N/A | N/A | N/A | 57.0 | 0% |
| United States | N/A | N/A | 15.0 | 13.0 | -13.3% |
| Others | N/A | N/A | 1.0 | N/A | 0% |
| Total | 156 | 50.0 | 183 | 157 | 0.2% |
Top Export Markets for Lubricating Oil Additives; Containing Petroleum Oils or Oils Obtained from Bituminous Minerals from Israel in 2022:
- India (21.0 tons)
- Slovenia (13.7 tons)
- United States (3.1 tons)
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