Price for Lubricating Oil Additives; Containing Petroleum Oils or Oils Obtained from Bituminous Minerals in New Zealand - 2024
Contents:
- Price for Lubricating Oil Additives; Containing Petroleum Oils or Oils Obtained from Bituminous Minerals in New Zealand (CIF) - 2022
- Price for Lubricating Oil Additives; Containing Petroleum Oils or Oils Obtained from Bituminous Minerals in New Zealand (FOB) - 2022
- Imports of Lubricating Oil Additives; Containing Petroleum Oils or Oils Obtained from Bituminous Minerals in New Zealand
- Exports of Lubricating Oil Additives; Containing Petroleum Oils or Oils Obtained from Bituminous Minerals in New Zealand
Price for Lubricating Oil Additives; Containing Petroleum Oils or Oils Obtained from Bituminous Minerals in New Zealand (CIF) - 2022
The average import price for lubricating oil additives; containing petroleum oils or oils obtained from bituminous mineralses stood at $4,441 per ton in 2022, picking up by 16% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the average import price increased by 31%. As a result, import price reached the peak level of $5,800 per ton. From 2014 to 2022, the average import prices remained at a lower figure.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from India ($4,441 per ton) and the United States ($4,441 per ton), while the price for Singapore ($4,441 per ton) and Canada ($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 India (+7.7%), 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 New Zealand (FOB) - 2022
In 2022, the average export price for lubricating oil additives; containing petroleum oils or oils obtained from bituminous mineralses amounted to $4,331 per ton, picking up by 20% against the previous year. Over the period under review, the export price, however, faced a abrupt slump. The most prominent rate of growth was recorded in 2016 when the average export price increased by 78%. Over the period under review, the average export prices attained the maximum at $27,186 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.
Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Malaysia ($4,332 per ton), while the average price for exports to Australia totaled $4,331 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (+11.1%), 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 New Zealand
In 2022, the amount of lubricating oil additives; containing petroleum oils or oils obtained from bituminous mineralses imported into New Zealand soared to 368 tons, growing by 15% on the previous year. Overall, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 57% against the previous year. As a result, imports reached the peak of 589 tons. From 2021 to 2022, the growth of imports of remained at a lower figure.
In value terms, imports of lubricating oil additives; containing petroleum oils or oils obtained from bituminous mineralses soared to $1.6M in 2022. Over the period under review, total imports indicated a measured expansion from 2019 to 2022: its value increased at an average annual rate of +4.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -26.5% against 2020 indices. The pace of growth appeared the most rapid in 2020 with an increase of 57%. As a result, imports attained the peak of $2.2M. 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 New Zealand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 765 | 1,033 | 649 | 1,076 | 12.0% |
| Germany | 130 | 26.8 | 32.0 | 130 | 0.0% |
| Belgium | 301 | 517 | 317 | 121 | -26.2% |
| Canada | 15.6 | 110 | 32.3 | 65.0 | 60.9% |
| Singapore | 9.1 | 13.9 | 32.8 | 64.4 | 92.0% |
| India | 38.0 | 3.7 | 19.0 | 63.8 | 18.9% |
| Japan | 73.8 | 62.9 | 58.7 | 39.6 | -18.7% |
| Australia | 29.9 | 22.3 | 46.3 | 37.9 | 8.2% |
| Malaysia | N/A | 394 | N/A | N/A | 0% |
| Others | 55.0 | 37.9 | 36.6 | 34.8 | -14.2% |
| Total | 1,417 | 2,221 | 1,224 | 1,634 | 4.9% |
Top Suppliers of Lubricating Oil Additives; Containing Petroleum Oils or Oils Obtained from Bituminous Minerals to New Zealand in 2022:
- United States (242.4 tons)
- Germany (29.3 tons)
- Belgium (27.3 tons)
- Canada (14.6 tons)
- Singapore (14.5 tons)
- India (14.4 tons)
- Japan (8.9 tons)
- Australia (8.5 tons)
Exports of Lubricating Oil Additives; Containing Petroleum Oils or Oils Obtained from Bituminous Minerals in New Zealand
After three years of growth, overseas shipments of lubricating oil additives; containing petroleum oils or oils obtained from bituminous mineralses decreased by -37.1% to 132 tons in 2022. Overall, exports, however, showed prominent growth. The growth pace was the most rapid in 2020 with an increase of 62% against the previous year.
In value terms, exports of lubricating oil additives; containing petroleum oils or oils obtained from bituminous mineralses reduced markedly to $572K in 2022. In general, exports, however, showed buoyant growth. The growth pace was the most rapid in 2020 with an increase of 58% against the previous year.
| Export of Lubricating Oil Additives; Containing Petroleum Oils or Oils Obtained from Bituminous Minerals in New Zealand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Australia | 315 | 546 | 743 | 555 | 20.8% |
| Malaysia | N/A | 7.4 | 5.7 | 14.7 | 40.9% |
| Others | 36.3 | 1.9 | 6.1 | 2.1 | -61.3% |
| Total | 351 | 555 | 755 | 572 | 17.7% |
Top Export Markets for Lubricating Oil Additives; Containing Petroleum Oils or Oils Obtained from Bituminous Minerals from New Zealand in 2022:
- Australia (128.2 tons)
- Malaysia (3.4 tons)
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