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
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World - Petroleum Lubricating Oil and Grease - Market Analysis, Forecast, Size, Trends and Insights
$499

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

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

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

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

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

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

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

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

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

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

Geography