Price for Lubricating Oil Additives; Containing Petroleum Oils or Oils Obtained from Bituminous Minerals in Austria - 2023
Contents:
- Price for Lubricating Oil Additives; Containing Petroleum Oils or Oils Obtained from Bituminous Minerals in Austria (CIF) - 2023
- Price for Lubricating Oil Additives; Containing Petroleum Oils or Oils Obtained from Bituminous Minerals in Austria (FOB) - 2022
- Imports of Lubricating Oil Additives; Containing Petroleum Oils or Oils Obtained from Bituminous Minerals in Austria
- Exports of Lubricating Oil Additives; Containing Petroleum Oils or Oils Obtained from Bituminous Minerals in Austria
Price for Lubricating Oil Additives; Containing Petroleum Oils or Oils Obtained from Bituminous Minerals in Austria (CIF) - 2023
In November 2023, the average import price for lubricating oil additives; containing petroleum oils or oils obtained from bituminous mineralses amounted to $3,926 per ton, picking up by 8.7% against the previous month. In general, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in April 2023 when the average import price increased by 21% month-to-month. The import price peaked at $5,003 per ton in January 2023; however, from February 2023 to November 2023, import prices stood at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was the Netherlands ($5,909 per ton), while the price for France ($2,812 per ton) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Germany (+3.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Lubricating Oil Additives; Containing Petroleum Oils or Oils Obtained from Bituminous Minerals in Austria (FOB) - 2022
The average export price for lubricating oil additives; containing petroleum oils or oils obtained from bituminous mineralses stood at $2,493 per ton in 2022, falling by -19% against the previous year. Overall, the export price saw a drastic downturn. The pace of growth appeared the most rapid in 2013 when the average export price increased by 66%. Over the period under review, the average export prices attained the peak figure at $9,381 per ton in 2015; however, from 2016 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 Finland ($6,276 per ton), while the average price for exports to Germany ($1,336 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Finland (+7.2%), while the prices for the other major destinations experienced a decline.
Imports of Lubricating Oil Additives; Containing Petroleum Oils or Oils Obtained from Bituminous Minerals in Austria
In 2022, the amount of lubricating oil additives; containing petroleum oils or oils obtained from bituminous mineralses imported into Austria was estimated at 16K tons, growing by 5% against 2021 figures. Over the period under review, total imports indicated a buoyant increase from 2019 to 2022: its volume increased at an average annual rate of +14.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +51.4% against 2019 indices. The growth pace was the most rapid in 2021 when imports increased by 41%. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in the immediate term.
In value terms, imports of lubricating oil additives; containing petroleum oils or oils obtained from bituminous mineralses soared to $59M in 2022. In general, total imports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +12.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +52.9% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Lubricating Oil Additives; Containing Petroleum Oils or Oils Obtained from Bituminous Minerals in Austria (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 4.7 | 16.2 | 25.4 | 30.0 | 85.5% |
| Italy | 20.4 | 8.7 | 10.1 | 15.2 | -9.3% |
| France | 10.3 | 10.7 | 6.5 | 7.0 | -12.1% |
| Belgium | 2.7 | 1.5 | 1.6 | 3.1 | 4.7% |
| Netherlands | 0.3 | 0.7 | 1.3 | 2.9 | 113.0% |
| Others | 3.0 | 1.0 | 1.0 | 1.1 | -28.4% |
| Total | 41.5 | 38.8 | 45.9 | 59.4 | 12.7% |
Top Suppliers of Lubricating Oil Additives; Containing Petroleum Oils or Oils Obtained from Bituminous Minerals to Austria in 2022:
- Germany (10.0K tons)
- Italy (3.3K tons)
- France (0.9K tons)
- Belgium (0.8K tons)
- Netherlands (0.6K tons)
Exports of Lubricating Oil Additives; Containing Petroleum Oils or Oils Obtained from Bituminous Minerals in Austria
In 2022, exports of lubricating oil additives; containing petroleum oils or oils obtained from bituminous mineralses from Austria surged to 2.7K tons, growing by 168% compared with 2021. In general, exports saw a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 365%. The exports peaked in 2022 and are likely to continue growth in years to come.
In value terms, exports of lubricating oil additives; containing petroleum oils or oils obtained from bituminous mineralses soared to $6.8M in 2022. Overall, exports recorded a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 159% against the previous year. Over the period under review, the exports of reached the peak figure in 2022 and are expected to retain growth in the immediate term.
| Export of Lubricating Oil Additives; Containing Petroleum Oils or Oils Obtained from Bituminous Minerals in Austria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | 9.4 | 6.4 | 6.6 | 3,041 | 586.5% |
| Germany | 1,442 | 1,420 | 1,950 | 2,493 | 20.0% |
| Finland | 56.2 | 228 | 60.9 | 758 | 138.0% |
| Malta | 81.3 | 78.0 | N/A | N/A | -4.1% |
| Iran | N/A | 2,477 | 869 | N/A | -64.9% |
| Others | 119 | 215 | 239 | 507 | 62.1% |
| Total | 1,708 | 4,423 | 3,126 | 6,798 | 58.5% |
Top Export Markets for Lubricating Oil Additives; Containing Petroleum Oils or Oils Obtained from Bituminous Minerals from Austria in 2022:
- Germany (1865.7 tons)
- Turkey (667.5 tons)
- Finland (120.7 tons)
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