Price for Lubricating Oil Additives; Containing Petroleum Oils or Oils Obtained from Bituminous Minerals in Saudi Arabia - 2022
Contents:
- Price for Lubricating Oil Additives; Containing Petroleum Oils or Oils Obtained from Bituminous Minerals in Saudi Arabia (CIF) - 2022
- Price for Lubricating Oil Additives; Containing Petroleum Oils or Oils Obtained from Bituminous Minerals in Saudi Arabia (FOB) - 2022
- Imports of Lubricating Oil Additives; Containing Petroleum Oils or Oils Obtained from Bituminous Minerals in Saudi Arabia
- Exports of Lubricating Oil Additives; Containing Petroleum Oils or Oils Obtained from Bituminous Minerals in Saudi Arabia
Price for Lubricating Oil Additives; Containing Petroleum Oils or Oils Obtained from Bituminous Minerals in Saudi Arabia (CIF) - 2022
The average import price for lubricating oil additives; containing petroleum oils or oils obtained from bituminous mineralses stood at $3,001 per ton in 2022, flattening at the previous year. Overall, the import price, however, recorded a noticeable shrinkage. The pace of growth appeared the most rapid in 2018 an increase of 3.8%. Over the period under review, average import prices hit record highs at $3,948 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($4,294 per ton), while the price for the United Arab Emirates ($1,942 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+0.1%), 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 Saudi Arabia (FOB) - 2022
In 2021, the average export price for lubricating oil additives; containing petroleum oils or oils obtained from bituminous mineralses amounted to $3,285 per ton, picking up by 16% against the previous year. Overall, the export price, however, continues to indicate a perceptible slump. The most prominent rate of growth was recorded in 2019 an increase of 28%. The export price peaked at $4,252 per ton in 2016; however, from 2017 to 2021, the export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for India.
From 2012 to 2021, the rate of growth in terms of prices for Lebanon amounted to +9.7% per year.
Imports of Lubricating Oil Additives; Containing Petroleum Oils or Oils Obtained from Bituminous Minerals in Saudi Arabia
In 2022, imports of lubricating oil additives; containing petroleum oils or oils obtained from bituminous mineralses into Saudi Arabia declined to 35K tons, waning by -6.2% against 2021 figures. Over the period under review, imports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 14% against the previous year. As a result, imports reached the peak of 37K tons, and then reduced in the following year.
In value terms, imports of lubricating oil additives; containing petroleum oils or oils obtained from bituminous mineralses declined to $104M in 2022. The total import value increased at an average annual rate of +1.3% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 14% against the previous year. As a result, imports reached the peak of $111M, and then declined in the following year.
| Import of Lubricating Oil Additives; Containing Petroleum Oils or Oils Obtained from Bituminous Minerals in Saudi Arabia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 28.9 | 22.3 | 37.5 | 33.2 | 4.7% |
| United States | 26.3 | 26.6 | 17.8 | 20.6 | -7.8% |
| Italy | 14.9 | 20.0 | 20.2 | 17.9 | 6.3% |
| Singapore | 8.2 | 11.3 | 16.4 | 14.5 | 20.9% |
| Belgium | 10.7 | 10.2 | 12.3 | 10.9 | 0.6% |
| India | 3.9 | 2.5 | 3.1 | 2.8 | -10.5% |
| United Arab Emirates | 2.7 | 1.0 | 0.6 | 1.2 | -23.7% |
| Others | 4.9 | 3.7 | 3.3 | 3.3 | -12.3% |
| Total | 100 | 97.5 | 111 | 104 | 1.3% |
Top Suppliers of Lubricating Oil Additives; Containing Petroleum Oils or Oils Obtained from Bituminous Minerals to Saudi Arabia in 2022:
- France (11.2K tons)
- Italy (6.0K tons)
- United States (5.9K tons)
- Singapore (5.0K tons)
- Belgium (4.2K tons)
- India (1.1K tons)
- United Arab Emirates (0.6K tons)
Exports of Lubricating Oil Additives; Containing Petroleum Oils or Oils Obtained from Bituminous Minerals in Saudi Arabia
Exports of lubricating oil additives; containing petroleum oils or oils obtained from bituminous mineralses from Saudi Arabia surged to 216 tons in 2021, increasing by 305% on the previous year's figure. Over the period under review, exports posted significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of lubricating oil additives; containing petroleum oils or oils obtained from bituminous mineralses skyrocketed to $708K in 2021. Overall, exports posted significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Lubricating Oil Additives; Containing Petroleum Oils or Oils Obtained from Bituminous Minerals in Saudi Arabia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 | |
| India | N/A | N/A | 157 | 0% | |
| United Arab Emirates | N/A | 105 | N/A | 0% | |
| Singapore | N/A | 45.3 | N/A | 0% | |
| Pakistan | 62.9 | N/A | N/A | 0% | |
| Others | N/A | N/A | 551 | 0% | |
| Total | 62.9 | 150 | 708 | 235.5% | |
Top Export Markets for Lubricating Oil Additives; Containing Petroleum Oils or Oils Obtained from Bituminous Minerals from Saudi Arabia in 2022:
- India (33.4 tons)
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