Italy - Additives For Lubricating Oils - Market Analysis, Forecast, Size, Trends And Insights
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View PricingLubricating Oil Additive Price in Italy - 2023
Contents:
- Lubricating Oil Additive Price in Italy (FOB) - 2023
- Lubricating Oil Additive Price in Italy (CIF) - 2023
- Lubricating Oil Additive Exports in Italy
- Lubricating Oil Additive Imports in Italy
Lubricating Oil Additive Price in Italy (FOB) - 2023
The average lubricating oil additive export price stood at $4,456 per ton in June 2023, approximately reflecting the previous month. Over the last twelve-month period, it increased at an average monthly rate of +1.0%. The most prominent rate of growth was recorded in April 2023 an increase of 7.6% month-to-month. As a result, the export price reached the peak level of $4,660 per ton. From May 2023 to June 2023, the the average export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was the United States ($5,751 per ton), while the average price for exports to Singapore ($3,207 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to China (+2.5%), while the prices for the other major destinations experienced more modest paces of growth.
Lubricating Oil Additive Price in Italy (CIF) - 2023
The average lubricating oil additive import price stood at $4,108 per ton in June 2023, shrinking by -4.2% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +1.2%. The pace of growth appeared the most rapid in September 2022 when the average import price increased by 7.4% m-o-m. Over the period under review, average import prices hit record highs at $4,292 per ton in April 2023; however, from May 2023 to June 2023, import prices remained at a lower figure.
Average prices varied somewhat amongst the major supplying countries. In June 2023, the countries with the highest prices were the United States ($5,434 per ton) and Belgium ($5,345 per ton), while the price for South Korea ($3,779 per ton) and France ($3,898 per ton) were amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Belgium (+3.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Lubricating Oil Additive Exports in Italy
Lubricating oil additive exports from Italy totaled 303K tons in 2022, growing by 4.2% against the previous year's figure. Overall, exports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 when exports increased by 4.6% against the previous year.
In value terms, lubricating oil additive exports soared to $1.3B in 2022. The total export value increased at an average annual rate of +9.3% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Lubricating Oil Additive in Italy (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 119 | 122 | 138 | 182 | 15.2% |
| Belgium | 110 | 111 | 128 | 164 | 14.2% |
| Germany | 97.8 | 106 | 118 | 152 | 15.8% |
| United States | 92.2 | 88.7 | 88.1 | 134 | 13.3% |
| Spain | 59.0 | 52.9 | 58.0 | 67.8 | 4.7% |
| Turkey | 34.1 | 34.4 | 34.6 | 63.6 | 23.1% |
| Netherlands | 28.3 | 30.7 | 36.3 | 49.5 | 20.5% |
| China | 66.2 | 47.0 | 50.4 | 39.8 | -15.6% |
| Brazil | 27.2 | 26.4 | 27.5 | 36.7 | 10.5% |
| Singapore | 25.2 | 28.8 | 17.1 | 35.3 | 11.9% |
| United Arab Emirates | 56.1 | 26.0 | 25.5 | 32.6 | -16.6% |
| Saudi Arabia | 17.7 | 18.3 | 22.8 | 28.8 | 17.6% |
| Egypt | 9.9 | 8.7 | 10.3 | 28.6 | 42.4% |
| Others | 264 | 231 | 268 | 301 | 4.5% |
| Total | 1,007 | 932 | 1,022 | 1,316 | 9.3% |
Top Export Markets for Lubricating Oil Additive from Italy in 2022:
- France (38.7K tons)
- Belgium (38.2K tons)
- Germany (33.3K tons)
- United States (27.8K tons)
- Spain (14.9K tons)
- Turkey (14.0K tons)
- China (12.0K tons)
- Netherlands (11.1K tons)
- Singapore (10.5K tons)
- Brazil (9.9K tons)
- Saudi Arabia (7.6K tons)
- United Arab Emirates (7.3K tons)
- Egypt (7.1K tons)
Lubricating Oil Additive Imports in Italy
For the third year in a row, Italy recorded decline in overseas purchases of additives for lubricating oils, which decreased by -2.4% to 139K tons in 2022. In general, imports continue to indicate a deep contraction. The smallest decline of -1.2% was in 2021.
In value terms, lubricating oil additive imports surged to $546M in 2022. The total import value increased at an average annual rate of +5.8% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Lubricating Oil Additive in Italy (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 309 | 254 | 281 | 350 | 4.2% |
| South Korea | 28.1 | 22.0 | 26.2 | 45.3 | 17.3% |
| United States | 38.9 | 30.0 | 30.8 | 39.4 | 0.4% |
| Belgium | 21.5 | 25.2 | 26.4 | 35.4 | 18.1% |
| Germany | 30.6 | 20.2 | 22.6 | 30.3 | -0.3% |
| United Kingdom | 10.4 | 13.7 | 10.3 | 18.2 | 20.5% |
| Netherlands | 6.5 | 5.8 | 6.6 | 11.1 | 19.5% |
| Others | 15.1 | 14.5 | 18.1 | 15.6 | 1.1% |
| Total | 460 | 386 | 422 | 546 | 5.9% |
Top Suppliers of Lubricating Oil Additive to Italy in 2022:
- France (94.6K tons)
- South Korea (11.9K tons)
- United States (8.0K tons)
- Belgium (8.0K tons)
- Germany (6.4K tons)
- United Kingdom (3.8K tons)
- Netherlands (2.4K tons)
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
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In January 2023, the price of Lubricating Oil Additive per ton (FOB, Italy) was $4,514, an increase of 2.3% compared to the previous month.
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