Price for Lubricating Oil Additives; Containing Petroleum Oils or Oils Obtained from Bituminous Minerals in Bahrain - 2022
Contents:
- Price for Lubricating Oil Additives; Containing Petroleum Oils or Oils Obtained from Bituminous Minerals in Bahrain (CIF) - 2022
- Price for Lubricating Oil Additives; Containing Petroleum Oils or Oils Obtained from Bituminous Minerals in Bahrain (FOB) - 2022
- Imports of Lubricating Oil Additives; Containing Petroleum Oils or Oils Obtained from Bituminous Minerals in Bahrain
- Exports of Lubricating Oil Additives; Containing Petroleum Oils or Oils Obtained from Bituminous Minerals in Bahrain
Price for Lubricating Oil Additives; Containing Petroleum Oils or Oils Obtained from Bituminous Minerals in Bahrain (CIF) - 2022
The average import price for lubricating oil additives; containing petroleum oils or oils obtained from bituminous mineralses stood at $7,107 per ton in 2022, picking up by 31% against the previous year. In general, the import price saw a prominent increase. The pace of growth appeared the most rapid in 2021 when the average import price increased by 79% against the previous year. The import price peaked in 2022 and is expected to retain growth in years to come.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($8,287 per ton), while the price for the United Arab Emirates ($470 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Oman (+5.7%), 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 Bahrain (FOB) - 2022
The average export price for lubricating oil additives; containing petroleum oils or oils obtained from bituminous mineralses stood at $11,558 per ton in 2022, picking up by 88% against the previous year. Over the period under review, the export price showed a prominent expansion. The pace of growth was the most pronounced in 2020 an increase of 682%. Over the period under review, the average export prices reached the peak figure in 2022 and is expected to retain growth in years to come.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($11,674 per ton), while the average price for exports to Pakistan amounted to $4,667 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Qatar (+16.1%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Lubricating Oil Additives; Containing Petroleum Oils or Oils Obtained from Bituminous Minerals in Bahrain
Imports of lubricating oil additives; containing petroleum oils or oils obtained from bituminous mineralses into Bahrain skyrocketed to 131 tons in 2022, surging by 169% compared with the previous year's figure. Overall, imports recorded a significant increase. The most prominent rate of growth was recorded in 2020 when imports increased by 687%. As a result, imports attained the peak of 132 tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
In value terms, imports of lubricating oil additives; containing petroleum oils or oils obtained from bituminous mineralses soared to $933K in 2022. Over the period under review, imports recorded significant growth. The growth pace was the most rapid in 2020 when imports increased by 334% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.
| Import of Lubricating Oil Additives; Containing Petroleum Oils or Oils Obtained from Bituminous Minerals in Bahrain (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 21.8 | 100 | 61.8 | 645 | 209.3% |
| Japan | N/A | 79.7 | 91.7 | 161 | 42.1% |
| China | 4.7 | 13.1 | 16.8 | 50.9 | 121.2% |
| Germany | 13.9 | 12.5 | 11.2 | 33.5 | 34.1% |
| Singapore | 5.0 | 12.1 | 10.8 | 19.4 | 57.1% |
| United Arab Emirates | 1.3 | 83.4 | 2.8 | 2.7 | 27.6% |
| Oman | 25.6 | 44.2 | 27.9 | N/A | 4.4% |
| Others | 19.1 | 52.5 | 40.8 | 21.1 | 3.4% |
| Total | 91.6 | 398 | 264 | 933 | 116.8% |
Top Suppliers of Lubricating Oil Additives; Containing Petroleum Oils or Oils Obtained from Bituminous Minerals to Bahrain in 2022:
- United States (77.8 tons)
- Japan (27.1 tons)
- China (10.9 tons)
- United Arab Emirates (5.8 tons)
- Germany (5.6 tons)
- Singapore (3.2 tons)
Exports of Lubricating Oil Additives; Containing Petroleum Oils or Oils Obtained from Bituminous Minerals in Bahrain
In 2022, overseas shipments of lubricating oil additives; containing petroleum oils or oils obtained from bituminous mineralses decreased by -84% to 181 kg, falling for the second year in a row after two years of growth. Over the period under review, exports saw a dramatic slump. The most prominent rate of growth was recorded in 2020 with an increase of 92% against the previous year. As a result, the exports reached the peak of 17 tons. From 2021 to 2022, the growth of the exports of remained at a lower figure.
In value terms, exports of lubricating oil additives; containing petroleum oils or oils obtained from bituminous mineralses fell rapidly to $2.1K in 2022. Overall, exports showed a dramatic downturn. The most prominent rate of growth was recorded in 2020 when exports increased by 1,398% against the previous year. As a result, the exports attained the peak of $184K. From 2021 to 2022, the growth of the exports of failed to regain momentum.
| Export of Lubricating Oil Additives; Containing Petroleum Oils or Oils Obtained from Bituminous Minerals in Bahrain (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 0.2 | 138 | 1.6 | 2.1 | 119.0% |
| Free Zones | 8.6 | N/A | N/A | N/A | 0% |
| Saudi Arabia | 1.1 | 12.0 | 0.2 | N/A | -57.4% |
| Oman | N/A | N/A | 3.1 | N/A | 0% |
| Qatar | 2.4 | 33.6 | 0.7 | N/A | -46.0% |
| Pakistan | N/A | N/A | 1.1 | N/A | 0% |
| Others | N/A | N/A | 0.2 | N/A | 0% |
| Total | 12.3 | 184 | 6.9 | 2.1 | -44.5% |
Top Export Markets for Lubricating Oil Additives; Containing Petroleum Oils or Oils Obtained from Bituminous Minerals from Bahrain in 2022:
- United Arab Emirates (178.0 kg)
- Pakistan (3.0 kg)
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