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Petroleum Lubricating Oil and Grease Market

Petroleum lubricating oil and grease market: download the latest info provided by an Ai-driven BI platform. Info contain production, trade, market prices, exports, companies, consumption, imports, and market size. Here is a split by region, including the Middle East, Latin America, EU, the U.K., the U.S., China, Africa, and Russia. Market dynamics and outlook to 2030 are also featured in the reports.


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Petroleum Lubricating Oil and Grease - World's Largest Markets

RatingCountry
1Russia
2United States
3China
4Japan
5India

In value terms, the largest petroleum lubricating oil and grease markets worldwide were Russia, the United States and China, together accounting for 46% of the global market. Japan, India, Brazil and Indonesia lagged somewhat behind, together accounting for a further 11%.

Indonesia saw the highest growth rate of market size, in terms of the main consuming countries over the period under review, while petroleum lubricating oil and grease market for the other global leaders experienced more modest paces of growth.

Petroleum Lubricating Oil And Grease Prices

Lowest Prices - FOB - Top Exporters

COUNTRY201820192020CAGR,
2018-2020
USD per ton
Lithuania231221932172-3.1%
China292324722422-9.0%
Spain2526250026221.9%
Italy297028532896-1.3%
Netherlands328033153172-1.7%
France341832653210-3.1%
Japan3847392939371.2%
Belgium3414351839587.7%
United Kingdom3983411042353.1%
Singapore502144734312-7.3%
United States4454467544590.1%
Germany4324418745512.6%
Average3711357837610.7%

Prices varied noticeably by the country of origin; the country with the highest price was Germany ($4,551 per ton), while Lithuania ($2,172 per ton) was amongst the lowest.

From 2018 to 2020, the most notable rate of growth in terms of prices was attained by Belgium, while the other global leaders experienced more modest paces of growth.

Highest Prices - CIF - Top Importers

COUNTRY201820192020CAGR,
2018-2020
USD per ton
Canada5210534254692.5%
Netherlands3970404041802.6%
Poland3499347240127.1%
Belgium32853477398010.1%
Germany3801380239311.7%
China423538753920-3.8%
United Kingdom390536543865-0.5%
Mexico410340183762-4.2%
Spain3504352637483.4%
Russia3555355936421.2%
India374634473491-3.5%
France328728343009-4.3%
Italy332032852760-8.8%
Average378236963753-0.4%

There were significant differences in the average prices amongst the major importing countries. In 2020, the country with the highest price was Canada ($5,469 per ton), while Italy ($2,760 per ton) was amongst the lowest.

From 2018 to 2020, the most notable rate of growth in terms of prices was attained by Belgium, while the other global leaders experienced more modest paces of growth.

Petroleum Lubricating Oil and Grease - Top Importers

COUNTRY201820192020CAGR,
2018-2020
billion USD
China0.80.70.7-11.1%
Germany0.40.40.3-9.1%
Russia0.30.30.2-8.9%
France0.20.20.21.9%
Poland0.20.20.2-1.7%

In value terms, the largest petroleum lubricating oil and grease importing markets worldwide were China ($657M), Germany ($333M) and Russia ($236M), together comprising 29% of global imports. France, Poland, Canada, Mexico, the Netherlands, Belgium, Italy, the UK, Spain and India lagged somewhat behind, together comprising a further 28%.

In terms of the main importing countries, Spain saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Petroleum Lubricating Oil and Grease - Top Exporters

COUNTRY201820192020CAGR,
2018-2020
billion USD
Germany1.21.11.1-4.3%
France0.60.60.6-3.5%
United States0.70.60.5-12.0%
Belgium0.30.30.413.0%
Japan0.40.30.3-7.9%

In value terms, the largest petroleum lubricating oil and grease supplying countries worldwide were Germany ($1.1B), France ($553M) and the United States ($534M), with a combined 49% share of global exports. These countries were followed by Belgium, Japan, Singapore, the Netherlands, the UK, Italy, Spain, Lithuania and China, which together accounted for a further 36%.

Belgium saw the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Petroleum Lubricating Oil and Grease - Market Forecast

Driven by rising demand for petroleum lubricating oil and grease worldwide, the market is expected to start an upward consumption trend over the next decade. The performance of the market is forecast to increase slightly, with an anticipated CAGR of for the period from 2020 to 2030, which is projected to bring the market volume to by the end of 2030.

Petroleum Lubricating Oil and Grease - Product Coverage

  • HS 340311 - Lubricating preparations; for the treatment of textile and similar materials (leather, furskins etc), containing less than 70% (by weight) of petroleum oils or oils obtained from bituminous minerals
  • HS 340319 - Lubricating preparations; (other than for the treatment of textile and similar materials), containing less than 70% (by weight) of petroleum oils or oils obtained from bituminous minerals
Store
Blog
Event
World - Petroleum Lubricating Oil and Grease - Market Analysis, Forecast, Size, Trends and Insights
$499
Oct 3, 2022
369

This report provides an in-depth analysis of the global market for petroleum lubricating oil and grease.

South-Eastern Asia - Petroleum Lubricating Oil and Grease - Market Analysis, Forecast, Size, Trends and Insights
$499
Oct 3, 2022
207

This report provides an in-depth analysis of the market for petroleum lubricating oil and grease in South-Eastern Asia.

Northern America - Petroleum Lubricating Oil and Grease - Market Analysis, Forecast, Size, Trends and Insights
$499
Oct 3, 2022
206

This report provides an in-depth analysis of the market for petroleum lubricating oil and grease in Northern America.

Australia and Oceania - Petroleum Lubricating Oil and Grease - Market Analysis, Forecast, Size, Trends and Insights
$499
Oct 3, 2022
204

This report provides an in-depth analysis of the market for petroleum lubricating oil and grease in Australia and Oceania.

Southern Asia - Petroleum Lubricating Oil and Grease - Market Analysis, Forecast, Size, Trends and Insights
$499
Oct 3, 2022
201

This report provides an in-depth analysis of the market for petroleum lubricating oil and grease in Southern Asia.

Eastern Asia - Petroleum Lubricating Oil and Grease - Market Analysis, Forecast, Size, Trends and Insights
$499
Oct 3, 2022
191

This report provides an in-depth analysis of the market for petroleum lubricating oil and grease in Eastern Asia.

Latin America and the Caribbean - Petroleum Lubricating Oil and Grease - Market Analysis, Forecast, Size, Trends and Insights
$499
Oct 3, 2022
180

This report provides an in-depth analysis of the market for petroleum lubricating oil and grease in Latin America and the Caribbean.

Africa - Petroleum Lubricating Oil and Grease - Market Analysis, Forecast, Size, Trends and Insights
$499
Oct 3, 2022
157

This report provides an in-depth analysis of the market for petroleum lubricating oil and grease in Africa.

Central Asia - Petroleum Lubricating Oil and Grease - Market Analysis, Forecast, Size, Trends and Insights
$499
Oct 3, 2022
143

This report provides an in-depth analysis of the market for petroleum lubricating oil and grease in Central Asia.

Middle East - Petroleum Lubricating Oil and Grease - Market Analysis, Forecast, Size, Trends and Insights
$499
Oct 3, 2022
128

This report provides an in-depth analysis of the market for petroleum lubricating oil and grease in the Middle East.

Geography
Germany's Epoxide Resin Price Grows to $7,325 per Ton
Feb 1, 2023
52
In October 2022, the epoxide resin price stood at $7,325 per ton (FOB, Germany), increasing by 5.8% against the previous month.
Spain's Carbon Electrode Price Falls Notably to $6,124 per Ton
Jan 30, 2023
59
In October 2022, the carbon electrode price amounted to $6,124 per ton (FOB, Spain), dropping by -17.1% against the previous month.
India's Toluene Price Plummets 14%, Averaging $1,062 per Ton
Jan 13, 2023
65
In September 2022, the toluene price amounted to $1,062 per ton (CIF, India), declining by -13.8% against the previous month.
India's Photographic Film Price Increases 7%, Averaging $5.7 per Square Meter
Jan 12, 2023
63
In September 2022, the photographic film price amounted to $5.7 per square meter (CIF, India), rising by 7.4% against the previous month.
Amino Resin Export in China Skyrockets 53%, Averaging 89K Tons in September 2022
Jan 12, 2023
73
In September 2022, the amino resin price amounted to $2,108 per ton (FOB, China), dropping by -7.2% against the previous month.
Artificial Filament Tow Price in Turkey Increases Slightly to $4,677 per Ton
Jan 9, 2023
69
In September 2022, the artificial filament tow price stood at $4,677 per ton (CIF, Turkey), rising by 1.5% against the previous month.
Maize Market Outlook: Production, Trends, Prices and Forecast 2022
Jul 7, 2022
458
The global maize market is expected to reach a production volume of more than 1.2 billion metric tons by the end of 2025. 
US Crude Oil Imports Double in Jan-Apr 2022 to Top $60 Billion
Jun 20, 2022
381
In March-April 2022, the U.S. crude oil imports reached a record high of $17 billion per month. The U.S. paid twice as much for oil imports in January-April than it did last year
China Is Unlikely to Tap into Afghanistan’s Resources to Strengthen Its Position in the Global Lithium Market
Aug 30, 2021
615
Although China is the second-largest importer of lithium carbonate in the world, it dominates globally in exports for lithium oxide and lithium hydroxide.With moderate lithium deposits, the country will need to find ways to expand its resource reserves to support the rapid development of its electric car and electronics industries. It is widely viewed that China will construct lithium mining facilities in Afghanistan, but this is very unlikely in the near future due to the difficult military and political situation there.
When the World Overcomes the Pandemic-Driven Oxygen Shortages, Decarbonation May Emerge as a New Market Driver
Jul 21, 2021
917
New waves of the epidemic and the overwhelming demand for oxygen in the healthcare sector have led to a scarcity of the product worldwide. Countries with severe shortages are diverting oxygen from the sectors of metallurgy and chemistry to healthcare, which reduces the productivity of the manufacturing industries. As the pandemic slows, the demand for medical oxygen will return to pre-crisis levels. In the post-pandemic period, the growing demand from the metallurgical and chemical industries will continue to shape market expansion. Decarbonization may emerge as a new market driver, with oxygen being used to produce synthesis gas from carbon dioxide. 
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