Italy - Additives For Lubricating Oils - Market Analysis, Forecast, Size, Trends And Insights
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View PricingItaly's Lubricating Oil Additive Price Increases by 2%, Averaging $4,514 Per Ton
Italy Lubricating Oil Additive Export Price in January 2023
In January 2023, the lubricating oil additive price amounted to $4,514 per ton (FOB, Italy), with an increase of 2.3% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +1.5%. The growth pace was the most rapid in September 2022 when the average export price increased by 4.1% m-o-m. The export price peaked in January 2023.
There were significant differences in the average prices for the major foreign markets. In January 2023, the country with the highest price was the United States ($5,083 per ton), while the average price for exports to Singapore ($3,306 per ton) was amongst the lowest.
From January 2022 to January 2023, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+2.5%), while the prices for the other major destinations experienced more modest paces of growth.
| COUNTRY | Export Price of Lubricating Oil Additive in Italy (USD per ton) | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Jan 2022 | Feb 2022 | Mar 2022 | Apr 2022 | May 2022 | Jun 2022 | Jul 2022 | Aug 2022 | Sep 2022 | Oct 2022 | Nov 2022 | Dec 2022 | Jan 2023 | |
| United States | 4,185 | 4,262 | 4,369 | 4,198 | 4,540 | 4,447 | 3,964 | 4,400 | 4,538 | 4,495 | 5,071 | 5,125 | 5,083 |
| Turkey | 3,894 | 3,865 | 3,968 | 3,730 | 4,197 | 4,266 | 4,154 | 4,129 | 4,340 | 4,330 | 4,783 | 4,837 | 5,012 |
| France | 4,185 | 4,152 | 4,149 | 4,175 | 4,132 | 4,244 | 4,384 | 4,553 | 4,377 | 4,419 | 4,848 | 4,931 | 4,927 |
| United Arab Emirates | 3,409 | 4,030 | 3,652 | 3,577 | 3,457 | 4,535 | 4,035 | 4,795 | 4,819 | 5,070 | 4,500 | 4,690 | 4,573 |
| Belgium | 3,794 | 3,897 | 3,825 | 3,864 | 3,840 | 3,924 | 3,693 | 4,027 | 3,998 | 4,120 | 4,343 | 4,308 | 4,558 |
| Spain | 4,004 | 3,886 | 3,934 | 4,156 | 4,071 | 4,237 | 4,282 | 4,418 | 4,522 | 4,463 | 4,505 | 4,712 | 4,547 |
| Germany | 3,723 | 3,849 | 4,034 | 4,211 | 4,252 | 4,225 | 4,467 | 4,395 | 4,399 | 4,503 | 4,482 | 4,539 | 4,493 |
| Netherlands | 3,811 | 3,704 | 3,798 | 4,045 | 4,064 | 4,048 | 4,227 | 4,062 | 4,306 | 4,251 | 4,424 | 4,973 | 4,449 |
| China | 3,712 | 3,131 | 2,844 | 3,214 | 2,741 | 2,664 | 2,705 | 2,607 | 4,411 | 4,239 | 3,522 | 3,502 | 4,254 |
| Egypt | 4,162 | 3,913 | 2,912 | 2,961 | 4,196 | 4,349 | 3,271 | 3,204 | 3,846 | 3,438 | 3,702 | 3,785 | 3,740 |
| Saudi Arabia | N/A | 3,250 | 3,167 | 3,204 | 3,349 | 3,533 | 3,450 | 3,531 | 3,569 | 3,998 | 3,837 | 3,833 | 3,602 |
| Brazil | 3,177 | 3,310 | 3,079 | 2,881 | 2,809 | 3,295 | 3,362 | 3,329 | 3,977 | 4,205 | 4,155 | 3,935 | 3,595 |
| Singapore | 2,866 | 3,650 | 2,912 | 3,638 | 2,707 | 3,165 | 2,807 | 3,388 | 3,554 | 3,234 | 3,387 | 3,099 | 3,306 |
| Average | 3,793 | 3,784 | 3,719 | 3,869 | 3,914 | 3,947 | 3,955 | 4,113 | 4,280 | 4,303 | 4,410 | 4,413 | 4,514 |
Italy Lubricating Oil Additive Exports
In January 2023, overseas shipments of additives for lubricating oils increased by 26% to 25K tons for the first time since September 2022, thus ending a three-month declining trend. Over the period under review, exports showed a relatively flat trend pattern.
In value terms, lubricating oil additive exports skyrocketed to $114M (IndexBox estimates) in January 2023. The total export value increased at an average monthly rate of +1.6% over the period from January 2022 to January 2023; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain months. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
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Italy Lubricating Oil Additive Exports by Country
France (3.5K tons), Belgium (3.4K tons) and Germany (2.8K tons) were the main destinations of lubricating oil additive exports from Italy, together accounting for 39% of total exports. the United States, Turkey, Spain, Singapore, Egypt, the United Arab Emirates, the Netherlands, Brazil, Saudi Arabia and China lagged somewhat behind, together accounting for a further 44%.
From January 2022 to January 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Egypt (with a CAGR of +22.2%), while the other leaders experienced more modest paces of growth.
In value terms, the largest markets for lubricating oil additive exported from Italy were France ($17M), Belgium ($15M) and Germany ($13M), with a combined 40% share of total exports. These countries were followed by the United States, Turkey, Spain, Egypt, Singapore, the United Arab Emirates, the Netherlands, Brazil, China and Saudi Arabia, which together accounted for a further 42%.
Among the main countries of destination, Egypt, with a CAGR of +21.1%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.
This report provides an in-depth analysis of the lubricating oil additive market in Italy. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 20594270 - Additives for lubricating oils
Country coverage:
- Italy
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Italy
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
