Price for Lubricating Oil Additives; Containing Petroleum Oils or Oils Obtained from Bituminous Minerals in Jordan - 2022
Contents:
- Price for Lubricating Oil Additives; Containing Petroleum Oils or Oils Obtained from Bituminous Minerals in Jordan (CIF) - 2022
- Price for Lubricating Oil Additives; Containing Petroleum Oils or Oils Obtained from Bituminous Minerals in Jordan (FOB) - 2022
- Imports of Lubricating Oil Additives; Containing Petroleum Oils or Oils Obtained from Bituminous Minerals in Jordan
- Exports of Lubricating Oil Additives; Containing Petroleum Oils or Oils Obtained from Bituminous Minerals in Jordan
Price for Lubricating Oil Additives; Containing Petroleum Oils or Oils Obtained from Bituminous Minerals in Jordan (CIF) - 2022
In 2022, the average import price for lubricating oil additives; containing petroleum oils or oils obtained from bituminous mineralses amounted to $4,441 per ton, picking up by 16% against the previous year. In general, import price indicated a prominent increase from 2012 to 2022: its price increased at an average annual rate of +7.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for lubricating oil additives; containing petroleum oils or oils obtained from bituminous mineralses increased by +108.0% against 2018 indices. The most prominent rate of growth was recorded in 2014 when the average import price increased by 56% against the previous year. Over the period under review, average import prices attained the peak figure in 2022 and is likely to see steady growth in years to come.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Saudi Arabia ($4,442 per ton) and Belgium ($4,442 per ton), while the price for Oman ($4,438 per ton) and the United Arab Emirates ($4,441 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+10.4%), 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 Jordan (FOB) - 2022
In 2022, the average export price for lubricating oil additives; containing petroleum oils or oils obtained from bituminous mineralses amounted to $4,317 per ton, surging by 31% against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the average export price increased by 63%. Over the period under review, the average export prices attained the maximum at $4,894 per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for Free Zones.
From 2012 to 2022, the rate of growth in terms of prices for Free Zones amounted to -0.2% per year.
Imports of Lubricating Oil Additives; Containing Petroleum Oils or Oils Obtained from Bituminous Minerals in Jordan
In 2022, purchases abroad of lubricating oil additives; containing petroleum oils or oils obtained from bituminous mineralses decreased by -17.2% to 702 tons, falling for the second year in a row after two years of growth. In general, imports recorded a abrupt decline. The growth pace was the most rapid in 2020 with an increase of 41% against the previous year. As a result, imports attained the peak of 1.4K 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 declined to $3.1M in 2022. Over the period under review, imports, however, showed a buoyant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 109% against the previous year. As a result, imports attained the peak of $5.2M. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
| Import of Lubricating Oil Additives; Containing Petroleum Oils or Oils Obtained from Bituminous Minerals in Jordan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 649 | 670 | 288 | 2,330 | 53.1% |
| United Arab Emirates | 48.4 | 111 | 132 | 557 | 125.8% |
| Germany | 22.2 | 4.3 | 28.4 | 60.7 | 39.8% |
| United States | 197 | 97.6 | 88.4 | 36.4 | -43.0% |
| Netherlands | 10.2 | 137 | 61.0 | 33.3 | 48.3% |
| China | 3.5 | 123 | 5.4 | 29.4 | 103.3% |
| Belgium | 25.6 | 1,178 | 756 | 1.7 | -59.5% |
| Oman | 65.5 | 80.3 | 118 | 1.3 | -72.9% |
| India | 58.8 | 170 | 52.5 | 1.0 | -74.3% |
| Singapore | 83.6 | 103 | 65.2 | N/A | -11.7% |
| Italy | 20.7 | 183 | 27.0 | N/A | 14.2% |
| Others | 1,326 | 2,387 | 1,628 | 66.0 | -63.2% |
| Total | 2,510 | 5,245 | 3,249 | 3,117 | 7.5% |
Top Suppliers of Lubricating Oil Additives; Containing Petroleum Oils or Oils Obtained from Bituminous Minerals to Jordan in 2022:
- France (524.7 tons)
- United Arab Emirates (125.4 tons)
- Germany (13.7 tons)
- United States (8.2 tons)
- Netherlands (7.5 tons)
- China (6.6 tons)
- Belgium (0.4 tons)
- Oman (0.3 tons)
- India (0.2 tons)
Exports of Lubricating Oil Additives; Containing Petroleum Oils or Oils Obtained from Bituminous Minerals in Jordan
For the third year in a row, Jordan recorded decline in shipments abroad of lubricating oil additives; containing petroleum oils or oils obtained from bituminous mineralses, which decreased by -99.7% to 82 kg in 2022. In general, exports recorded a dramatic curtailment. The smallest decline of -11.9% was in 2021.
In value terms, exports of lubricating oil additives; containing petroleum oils or oils obtained from bituminous mineralses fell sharply to $354 in 2022. Over the period under review, exports faced a sharp shrinkage. The smallest decline of -9% was in 2021.
| Export of Lubricating Oil Additives; Containing Petroleum Oils or Oils Obtained from Bituminous Minerals in Jordan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Free Zones | 649 | 91.9 | 81.9 | 0.4 | -91.5% |
| Belgium | 5.7 | N/A | N/A | N/A | 0% |
| Others | 6.9 | 1.0 | 2.7 | N/A | -37.4% |
| Total | 661 | 92.9 | 84.6 | 0.4 | -91.5% |
Top Export Markets for Lubricating Oil Additives; Containing Petroleum Oils or Oils Obtained from Bituminous Minerals from Jordan in 2022:
- Free Zones (82.0 kg)
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