Price for Lubricating Oil Additives; Containing Petroleum Oils or Oils Obtained from Bituminous Minerals in Germany - 2023
Contents:
- Price for Lubricating Oil Additives; Containing Petroleum Oils or Oils Obtained from Bituminous Minerals in Germany (CIF) - 2023
- Price for Lubricating Oil Additives; Containing Petroleum Oils or Oils Obtained from Bituminous Minerals in Germany (FOB) - 2023
- Imports of Lubricating Oil Additives; Containing Petroleum Oils or Oils Obtained from Bituminous Minerals in Germany
- Exports of Lubricating Oil Additives; Containing Petroleum Oils or Oils Obtained from Bituminous Minerals in Germany
Price for Lubricating Oil Additives; Containing Petroleum Oils or Oils Obtained from Bituminous Minerals in Germany (CIF) - 2023
In November 2023, the average import price for lubricating oil additives; containing petroleum oils or oils obtained from bituminous mineralses amounted to $5,271 per ton, therefore, remained relatively stable against the previous month. Over the period under review, the import price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in December 2022 an increase of 6.4% month-to-month. As a result, import price reached the peak level of $5,571 per ton. From January 2023 to November 2023, the average import prices remained at a lower figure.
Average prices varied somewhat amongst the major supplying countries. In November 2023, the countries with the highest prices were France ($6,122 per ton) and the Netherlands ($5,428 per ton), while the price for Italy ($4,543 per ton) and Belgium ($4,898 per ton) were amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by France (+0.3%), while the prices for the other major suppliers experienced a decline.
Price for Lubricating Oil Additives; Containing Petroleum Oils or Oils Obtained from Bituminous Minerals in Germany (FOB) - 2023
The average export price for lubricating oil additives; containing petroleum oils or oils obtained from bituminous mineralses stood at $6,369 per ton in November 2023, remaining stable against the previous month. Overall, the export price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in October 2023 an increase of 8.5% month-to-month. The export price peaked at $6,549 per ton in June 2023; however, from July 2023 to November 2023, the export prices remained at a lower figure.
There were significant differences in the average prices for the major overseas markets. In November 2023, the country with the highest price was Poland ($8,788 per ton), while the average price for exports to Sweden ($4,787 per ton) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to Poland (+2.9%), 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 Germany
In 2022, after three years of growth, there was significant decline in purchases abroad of lubricating oil additives; containing petroleum oils or oils obtained from bituminous mineralses, when their volume decreased by -7.1% to 158K tons. In general, imports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 with an increase of 4%.
In value terms, imports of lubricating oil additives; containing petroleum oils or oils obtained from bituminous mineralses rose remarkably to $764M in 2022. The total import value increased at an average annual rate of +6.5% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. As a result, imports reached 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 Germany (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 259 | 250 | 277 | 295 | 4.4% |
| Italy | 172 | 183 | 205 | 250 | 13.3% |
| Belgium | 79.2 | 56.2 | 99.8 | 123 | 15.8% |
| Netherlands | 23.3 | 41.6 | 51.0 | 59.3 | 36.5% |
| United States | 55.1 | 7.4 | 5.0 | 7.4 | -48.8% |
| United Kingdom | 16.8 | 92.3 | 14.7 | 4.3 | -36.5% |
| Others | 26.8 | 17.6 | 20.9 | 25.7 | -1.4% |
| Total | 632 | 648 | 674 | 764 | 6.5% |
Top Suppliers of Lubricating Oil Additives; Containing Petroleum Oils or Oils Obtained from Bituminous Minerals to Germany in 2022:
- Italy (56.8K tons)
- France (53.4K tons)
- Belgium (26.8K tons)
- Netherlands (12.5K tons)
- United Kingdom (1.3K tons)
- United States (1.2K tons)
Exports of Lubricating Oil Additives; Containing Petroleum Oils or Oils Obtained from Bituminous Minerals in Germany
Exports of lubricating oil additives; containing petroleum oils or oils obtained from bituminous mineralses from Germany fell remarkably to 58K tons in 2022, dropping by -25.6% compared with the year before. Over the period under review, exports recorded a drastic downturn. The pace of growth appeared the most rapid in 2021 with an increase of 13%. As a result, the exports attained the peak of 78K tons, and then declined remarkably in the following year.
In value terms, exports of lubricating oil additives; containing petroleum oils or oils obtained from bituminous mineralses contracted remarkably to $322M in 2022. The total export value increased at an average annual rate of +7.6% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when exports increased by 27% against the previous year. As a result, the exports attained the peak of $388M, and then declined significantly in the following year.
| Export of Lubricating Oil Additives; Containing Petroleum Oils or Oils Obtained from Bituminous Minerals in Germany (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 31.7 | 26.9 | 30.7 | 37.3 | 5.6% |
| Netherlands | 17.6 | 17.0 | 23.0 | 27.9 | 16.6% |
| Belgium | 21.7 | 16.3 | 23.2 | 23.4 | 2.5% |
| Italy | 20.7 | 15.9 | 18.0 | 19.6 | -1.8% |
| China | 12.1 | 22.7 | 32.0 | 18.7 | 15.6% |
| Turkey | 8.5 | 17.0 | 18.3 | 17.3 | 26.7% |
| United States | 8.0 | 12.6 | 17.7 | 14.2 | 21.1% |
| Spain | 10.3 | 9.1 | 11.8 | 13.0 | 8.1% |
| Poland | 6.7 | 8.4 | 11.8 | 12.3 | 22.4% |
| South Korea | 5.9 | 17.6 | 21.8 | 12.2 | 27.4% |
| Brazil | 5.6 | 6.7 | 10.0 | 11.1 | 25.6% |
| United Kingdom | 7.9 | 8.3 | 10.4 | 9.8 | 7.4% |
| Sweden | 9.1 | 5.9 | 8.5 | 8.6 | -1.9% |
| Others | 92.6 | 121 | 151 | 96.2 | 1.3% |
| Total | 259 | 306 | 388 | 322 | 7.5% |
Top Export Markets for Lubricating Oil Additives; Containing Petroleum Oils or Oils Obtained from Bituminous Minerals from Germany in 2022:
- France (7.9K tons)
- Netherlands (5.2K tons)
- Belgium (4.8K tons)
- Italy (4.1K tons)
- China (3.4K tons)
- Turkey (2.9K tons)
- Spain (2.4K tons)
- United States (2.2K tons)
- Poland (2.1K tons)
- Brazil (2.0K tons)
- South Korea (1.9K tons)
- United Kingdom (1.8K tons)
- Sweden (1.7K tons)
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