Price for Lubricating Oil Additives; Containing Petroleum Oils or Oils Obtained from Bituminous Minerals in Sudan - 2022
Contents:
- Price for Lubricating Oil Additives; Containing Petroleum Oils or Oils Obtained from Bituminous Minerals in Sudan (CIF) - 2022
- Imports of Lubricating Oil Additives; Containing Petroleum Oils or Oils Obtained from Bituminous Minerals in Sudan
Price for Lubricating Oil Additives; Containing Petroleum Oils or Oils Obtained from Bituminous Minerals in Sudan (CIF) - 2022
The average import price for lubricating oil additives; containing petroleum oils or oils obtained from bituminous mineralses stood at $3,173 per ton in 2022, falling by -4.5% against the previous year. In general, the import price showed a perceptible decline. The growth pace was the most rapid in 2020 when the average import price increased by 20%. Over the period under review, average import prices hit record highs at $4,478 per ton in 2015; however, from 2016 to 2022, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Belgium ($4,011 per ton), while the price for Aruba ($1,596 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+7.4%), while the prices for the other major suppliers experienced mixed trend patterns.
Imports of Lubricating Oil Additives; Containing Petroleum Oils or Oils Obtained from Bituminous Minerals in Sudan
In 2022, supplies from abroad of lubricating oil additives; containing petroleum oils or oils obtained from bituminous mineralses was finally on the rise to reach 4K tons for the first time since 2019, thus ending a two-year declining trend. In general, imports, however, faced a precipitous decline.
In value terms, imports of lubricating oil additives; containing petroleum oils or oils obtained from bituminous mineralses surged to $13M in 2022. Overall, imports, however, faced a abrupt setback.
| Import of Lubricating Oil Additives; Containing Petroleum Oils or Oils Obtained from Bituminous Minerals in Sudan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 6.9 | 7.6 | 4.5 | 5.5 | -7.3% |
| United Kingdom | 0.9 | 1.7 | 3.2 | 3.4 | 55.7% |
| United States | 0.1 | 0.4 | 0.7 | 0.7 | 91.3% |
| Belgium | 0.6 | 0.2 | 0.6 | 0.6 | 0.0% |
| India | 0.6 | 0.6 | 0.3 | 0.3 | -20.6% |
| France | 0.1 | 0.1 | 0.1 | 0.3 | 44.2% |
| Singapore | 0.2 | 0.6 | N/A | 0.2 | 0.0% |
| China | 0.2 | 0.2 | 0.1 | 0.1 | -20.6% |
| Others | 12.9 | 3.3 | 1.0 | 1.6 | -50.1% |
| Total | 22.5 | 14.6 | 10.6 | 12.6 | -17.6% |
Top Suppliers of Lubricating Oil Additives; Containing Petroleum Oils or Oils Obtained from Bituminous Minerals to Sudan in 2022:
- United Kingdom (1439.3 tons)
- United Arab Emirates (1424.1 tons)
- United States (197.4 tons)
- Belgium (155.7 tons)
- India (138.8 tons)
- France (92.1 tons)
- China (69.9 tons)
- Singapore (50.7 tons)
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