Hong Kong SAR, China - Additives For Lubricating Oils - Market Analysis, Forecast, Size, Trends And Insights
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View PricingLubricating Oil Additive Price in Hong Kong SAR - 2023
Contents:
- Lubricating Oil Additive Price in Hong Kong SAR (CIF) - 2022
- Lubricating Oil Additive Price in Hong Kong SAR (FOB) - 2022
- Lubricating Oil Additive Imports in Hong Kong SAR
- Lubricating Oil Additive Exports in Hong Kong SAR
Lubricating Oil Additive Price in Hong Kong SAR (CIF) - 2022
In 2022, the average lubricating oil additive import price amounted to $3,626 per ton, with an increase of 17% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The import price peaked at $3,753 per ton in 2014; however, from 2015 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 the United States ($6,375 per ton), while the price for South Korea ($3,135 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+3.4%), while the prices for the other major suppliers experienced mixed trend patterns.
Lubricating Oil Additive Price in Hong Kong SAR (FOB) - 2022
In 2022, the average lubricating oil additive export price amounted to $7,730 per ton, growing by 12% against the previous year. In general, the export price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 when the average export price increased by 28%. The export price peaked at $12,841 per ton in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($8,593 per ton), while the average price for exports to Singapore amounted to $3,178 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (+1.5%).
Lubricating Oil Additive Imports in Hong Kong SAR
In 2022, lubricating oil additive imports into Hong Kong SAR dropped to 15K tons, with a decrease of -6% compared with the previous year's figure. In general, imports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when imports increased by 23%. As a result, imports reached the peak of 16K tons, and then shrank in the following year.
In value terms, lubricating oil additive imports amounted to $53M in 2022. The total import value increased at an average annual rate of +4.9% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 when imports increased by 27% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.
| Import of Lubricating Oil Additive in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Singapore | 21.3 | 23.8 | 31.0 | 33.7 | 16.5% |
| Italy | 18.0 | 6.7 | 6.5 | 9.2 | -20.0% |
| China | 0.3 | 1.4 | 3.1 | 5.0 | 155.4% |
| United States | 2.0 | 2.0 | 3.1 | 2.3 | 4.8% |
| South Korea | 0.3 | 0.4 | 0.8 | 1.1 | 54.2% |
| Netherlands | 1.8 | 1.4 | 1.2 | 0.8 | -23.7% |
| Others | 2.4 | 2.6 | 2.8 | 1.4 | -16.4% |
| Total | 46.2 | 38.3 | 48.6 | 53.4 | 4.9% |
Top Suppliers of Lubricating Oil Additive to Hong Kong SAR in 2022:
- Singapore (10.0K tons)
- Italy (2.1K tons)
- China (1.5K tons)
- United States (0.4K tons)
- South Korea (0.4K tons)
- Netherlands (0.1K tons)
Lubricating Oil Additive Exports in Hong Kong SAR
After three years of growth, overseas shipments of additives for lubricating oils decreased by -63.8% to 568 tons in 2022. Overall, exports showed a deep reduction. The growth pace was the most rapid in 2020 with an increase of 33%.
In value terms, lubricating oil additive exports declined dramatically to $4.4M in 2022. Over the period under review, exports showed a deep slump. The most prominent rate of growth was recorded in 2021 with an increase of 39%. As a result, the exports reached the peak of $11M, and then shrank remarkably in the following year.
| Export of Lubricating Oil Additive in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 8.2 | 7.4 | 10.6 | 4.1 | -20.6% |
| Singapore | N/A | 0.3 | 0.1 | 0.3 | 0.0% |
| Others | 0.1 | 0.1 | 0.2 | N/A | 41.4% |
| Total | 8.4 | 7.8 | 10.8 | 4.4 | -19.4% |
Top Export Markets for Lubricating Oil Additive from Hong Kong SAR in 2022:
- China (474.9 tons)
- Singapore (84.5 tons)
This report provides an in-depth analysis of the lubricating oil additive market in Hong Kong SAR, China. 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:
- Hong Kong SAR
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Hong Kong SAR, China
- 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
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