Price for Lubricating Oil Additives; Containing Petroleum Oils or Oils Obtained from Bituminous Minerals in Kenya - 2022
Contents:
- Price for Lubricating Oil Additives; Containing Petroleum Oils or Oils Obtained from Bituminous Minerals in Kenya (CIF) - 2022
- Price for Lubricating Oil Additives; Containing Petroleum Oils or Oils Obtained from Bituminous Minerals in Kenya (FOB) - 2022
- Imports of Lubricating Oil Additives; Containing Petroleum Oils or Oils Obtained from Bituminous Minerals in Kenya
- Exports of Lubricating Oil Additives; Containing Petroleum Oils or Oils Obtained from Bituminous Minerals in Kenya
Price for Lubricating Oil Additives; Containing Petroleum Oils or Oils Obtained from Bituminous Minerals in Kenya (CIF) - 2022
The average import price for lubricating oil additives; containing petroleum oils or oils obtained from bituminous mineralses stood at $3,333 per ton in December 2021, increasing by 6.9% against the previous month. Over the period from January 2021 to December 2021, it increased at an average monthly rate of +1.7%. The growth pace was the most rapid in September 2021 an increase of 27% against the previous month. The import price peaked in December 2021.
Prices varied noticeably by the country of origin: the country with the highest price was the United States ($5,060 per ton), while the price for Singapore ($2,767 per ton) was amongst the lowest.
From January 2021 to December 2021, the most notable rate of growth in terms of prices was attained by the United States (+5.7%), 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 Kenya (FOB) - 2022
In 2022, the average export price for lubricating oil additives; containing petroleum oils or oils obtained from bituminous mineralses amounted to $5,995 per ton, increasing by 17% against the previous year. In general, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average export price increased by 28%. Over the period under review, the average export prices reached the maximum in 2022 and is likely to continue growth in the near future.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Rwanda ($11,799 per ton), while the average price for exports to Zambia ($5,243 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Rwanda (+28.1%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Lubricating Oil Additives; Containing Petroleum Oils or Oils Obtained from Bituminous Minerals in Kenya
In 2022, approx. 10K tons of lubricating oil additives; containing petroleum oils or oils obtained from bituminous mineralses were imported into Kenya; picking up by 20% on 2021 figures. Over the period under review, total imports indicated a buoyant increase from 2019 to 2022: its volume increased at an average annual rate of +15.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -1.3% against 2020 indices. The most prominent rate of growth was recorded in 2020 with an increase of 55% against the previous year. As a result, imports attained the peak of 10K tons. From 2021 to 2022, the growth of imports of failed to regain momentum.
In value terms, imports of lubricating oil additives; containing petroleum oils or oils obtained from bituminous mineralses skyrocketed to $35M in 2022. Overall, total imports indicated significant growth from 2019 to 2022: its value increased at an average annual rate of +20.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +73.9% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 55%. Over the period under review, imports of attained the maximum in 2022 and are likely to see steady growth in the near future.
| Import of Lubricating Oil Additives; Containing Petroleum Oils or Oils Obtained from Bituminous Minerals in Kenya (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 12.8 | 16.8 | 13.3 | 15.1 | 5.7% |
| Belgium | 3.3 | 7.3 | 6.8 | 10.5 | 47.1% |
| Italy | 1.6 | 2.0 | 1.1 | 2.6 | 17.6% |
| United States | 0.8 | 3.4 | 1.5 | 2.6 | 48.1% |
| South Africa | 0.4 | 0.8 | 0.7 | 2.2 | 76.5% |
| Others | 1.2 | 0.9 | 1.2 | 1.8 | 14.5% |
| Total | 20.0 | 31.1 | 24.7 | 34.9 | 20.4% |
Top Suppliers of Lubricating Oil Additives; Containing Petroleum Oils or Oils Obtained from Bituminous Minerals to Kenya in 2022:
- France (4.9K tons)
- Belgium (3.0K tons)
- Italy (0.6K tons)
- South Africa (0.6K tons)
- United States (0.5K tons)
Exports of Lubricating Oil Additives; Containing Petroleum Oils or Oils Obtained from Bituminous Minerals in Kenya
In 2022, approx. 100 tons of lubricating oil additives; containing petroleum oils or oils obtained from bituminous mineralses were exported from Kenya; growing by 18% against the previous year. The total export volume increased at an average annual rate of +5.1% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of lubricating oil additives; containing petroleum oils or oils obtained from bituminous mineralses skyrocketed to $599K in 2022. Over the period under review, exports recorded significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 47%. Over the period under review, the exports of attained the maximum in 2022 and are expected to retain growth in the near future.
| Export of Lubricating Oil Additives; Containing Petroleum Oils or Oils Obtained from Bituminous Minerals in Kenya (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Tanzania | 64.8 | 112 | 231 | 494 | 96.8% |
| Zambia | 20.0 | 17.9 | 22.9 | 45.8 | 31.8% |
| Rwanda | 1.7 | 1.5 | 1.6 | 34.3 | 172.2% |
| Uganda | 105 | 70.6 | 104 | 25.1 | -37.9% |
| Cote d'Ivoire | 55.0 | 37.8 | N/A | N/A | -31.3% |
| South Africa | 58.2 | 54.5 | 73.4 | N/A | 12.3% |
| Others | 0.5 | 0.4 | 1.1 | N/A | 48.3% |
| Total | 306 | 295 | 434 | 599 | 25.1% |
Top Export Markets for Lubricating Oil Additives; Containing Petroleum Oils or Oils Obtained from Bituminous Minerals from Kenya in 2022:
- Tanzania (84.1 tons)
- Zambia (8.7 tons)
- Uganda (4.2 tons)
- Rwanda (2.9 tons)
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