Azerbaijan - Prepared Additives For Mineral Oils - Market Analysis, Forecast, Size, Trends and Insights
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View PricingLubricant Additives Price in Azerbaijan - 2023
Contents:
- Lubricant Additives Price in Azerbaijan (CIF) - 2022
- Lubricant Additives Price in Azerbaijan (FOB) - 2023
- Lubricant Additives Imports in Azerbaijan
- Lubricant Additives Exports in Azerbaijan
Lubricant Additives Price in Azerbaijan (CIF) - 2022
The average lubricant additives import price stood at $4,504 per ton in 2022, declining by -3.8% against the previous year. In general, the import price showed a mild slump. The pace of growth was the most pronounced in 2016 when the average import price increased by 34%. Over the period under review, average import prices reached the maximum at $5,365 per ton in 2018; however, from 2019 to 2022, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Denmark ($77,247 per ton), while the price for China ($3,198 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Switzerland (+22.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Lubricant Additives Price in Azerbaijan (FOB) - 2023
The average lubricant additives export price stood at $12,215 per ton in July 2023, increasing by 12% against the previous month. Over the period under review, the export price recorded a buoyant increase. The pace of growth was the most pronounced in March 2023 an increase of 43% month-to-month. The export price peaked in July 2023.
As there is only one major export destination, the average price level is determined by prices for Russia.
From July 2022 to July 2023, the rate of growth in terms of prices for Russia amounted to +16.3% per month.
Lubricant Additives Imports in Azerbaijan
In 2022, overseas purchases of prepared additives for mineral oils were finally on the rise to reach 2.1K tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports continue to indicate a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, lubricant additives imports skyrocketed to $9.4M in 2022. Overall, imports showed a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.
Import of Lubricant Additives in Azerbaijan (Thousand USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Italy | 158 | 162 | 232 | 1,823 | 126.0% |
Singapore | 55.6 | 1.9 | 42.6 | 1,452 | 196.7% |
Russia | 907 | 221 | 396 | 1,426 | 16.3% |
Belgium | 613 | 757 | 328 | 1,122 | 22.3% |
United Kingdom | 627 | 825 | 781 | 1,062 | 19.2% |
France | 271 | 525 | 217 | 987 | 53.9% |
Germany | 299 | 244 | 370 | 562 | 23.4% |
China | 65.7 | 60.5 | 82.8 | 248 | 55.7% |
United States | 521 | 388 | 174 | 133 | -36.6% |
India | 1,457 | 104 | 35.6 | 127 | -55.7% |
Belarus | 92.3 | 304 | 230 | N/A | 57.9% |
Others | 256 | 279 | 901 | 423 | 18.2% |
Total | 5,322 | 3,871 | 3,789 | 9,363 | 20.7% |
Top Suppliers of Lubricant Additives to Azerbaijan in 2022:
- Italy (541.7 tons)
- Singapore (433.7 tons)
- Russia (351.1 tons)
- France (209.8 tons)
- Belgium (159.9 tons)
- United Kingdom (135.2 tons)
- China (77.6 tons)
- Germany (61.6 tons)
- India (36.0 tons)
- United States (15.0 tons)
Lubricant Additives Exports in Azerbaijan
For the third consecutive year, Azerbaijan recorded decline in shipments abroad of prepared additives for mineral oils, which decreased by 0% to 155 tons in 2022. Over the period under review, exports saw significant growth. The smallest decline of -99.2% was in 2020. The exports peaked in 2022 and are likely to continue growth in the near future.
In value terms, lubricant additives exports totaled $1.1M in 2022. Overall, exports showed significant growth. The smallest decline of -99% was in 2020. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in the immediate term.
Export of Lubricant Additives in Azerbaijan (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Russia | N/A | N/A | N/A | 1.1 | 0% |
Others | N/A | N/A | N/A | N/A | 0% |
Total | N/A | N/A | N/A | 1.1 | 0% |
Top Export Markets for Lubricant Additives from Azerbaijan in 2022:
- Russia (153.8 tons)
This report provides an in-depth analysis of the lubricant additives market in Azerbaijan. 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 20594250 - Anti-knock preparations
- Prodcom 20594270 - Additives for lubricating oils
- Prodcom 20594290 - Additives for mineral oils or for other liquids used for the same purpose as mineral oils (including gasoline) (excluding anti-knock preparations, additives for lubricating oils)
Country coverage:
- Azerbaijan
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Azerbaijan
- 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
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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
This report provides an in-depth analysis of the lubricant additives market in Azerbaijan.
This report provides an in-depth analysis of the lubricating oil additive market in Azerbaijan.
This report provides an in-depth analysis of the anti-knock preparations market in Azerbaijan.
This report provides an in-depth analysis of the global lubricant additives market.
This report provides an in-depth analysis of the global lubricating oil additive market.
This report provides an in-depth analysis of the global anti-knock preparations market.
This report provides an in-depth analysis of the lubricant additives market in Azerbaijan.
This report provides an in-depth analysis of the lubricating oil additive market in Azerbaijan.
This report provides an in-depth analysis of the anti-knock preparations market in Azerbaijan.
This report provides an in-depth analysis of the global lubricant additives market.
Explore the top import markets for lubricant additives and their key statistics and figures. Find out the leading countries, import values, and potential growth opportunities.
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Explore the top import markets for lubricating oil additives, including China, Belgium, Germany, and more. Get key statistics and market insights from the IndexBox platform.
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