Price for Lubricating Oil Additives; Containing Petroleum Oils or Oils Obtained from Bituminous Minerals in Thailand - 2024
Contents:
- Price for Lubricating Oil Additives; Containing Petroleum Oils or Oils Obtained from Bituminous Minerals in Thailand (CIF) - 2024
- Price for Lubricating Oil Additives; Containing Petroleum Oils or Oils Obtained from Bituminous Minerals in Thailand (FOB) - 2024
- Imports of Lubricating Oil Additives; Containing Petroleum Oils or Oils Obtained from Bituminous Minerals in Thailand
- Exports of Lubricating Oil Additives; Containing Petroleum Oils or Oils Obtained from Bituminous Minerals in Thailand
Price for Lubricating Oil Additives; Containing Petroleum Oils or Oils Obtained from Bituminous Minerals in Thailand (CIF) - 2024
The average import price for lubricating oil additives; containing petroleum oils or oils obtained from bituminous mineralses stood at $4,243 per ton in January 2024, waning by -2.2% against the previous month. Overall, the import price saw a mild reduction. The pace of growth appeared the most rapid in July 2023 when the average import price increased by 5.7% against the previous month. Over the period under review, average import prices attained the maximum at $5,024 per ton in January 2023; however, from February 2023 to January 2024, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was the United States ($6,178 per ton), while the price for Belgium ($3,679 per ton) was amongst the lowest.
From January 2023 to January 2024, the most notable rate of growth in terms of prices was attained by Japan (-0.4%), 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 Thailand (FOB) - 2024
In January 2024, the average export price for lubricating oil additives; containing petroleum oils or oils obtained from bituminous mineralses amounted to $2,642 per ton, picking up by 25% against the previous month. Over the period under review, the export price, however, showed a abrupt descent. The growth pace was the most rapid in October 2023 when the average export price increased by 70% month-to-month. As a result, the export price reached the peak level of $8,830 per ton. From November 2023 to January 2024, the the average export prices remained at a somewhat lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was India ($9,469 per ton), while the average price for exports to Myanmar ($1,460 per ton) was amongst the lowest.
From January 2023 to January 2024, the most notable rate of growth in terms of prices was recorded for supplies to Indonesia (+24.7%), 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 Thailand
In 2022, the amount of lubricating oil additives; containing petroleum oils or oils obtained from bituminous mineralses imported into Thailand totaled 60K tons, approximately reflecting the previous year's figure. The total import volume increased at an average annual rate of +8.0% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 16%. Imports peaked in 2022 and are expected to retain growth in years to come.
In value terms, imports of lubricating oil additives; containing petroleum oils or oils obtained from bituminous mineralses skyrocketed to $248M in 2022. The total import value increased at an average annual rate of +12.5% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained 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 Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Singapore | 105 | 109 | 135 | 162 | 15.6% |
| United States | 24.0 | 24.4 | 27.7 | 33.7 | 12.0% |
| China | 10.4 | 13.6 | 13.1 | 15.4 | 14.0% |
| Japan | 17.0 | 16.5 | 14.9 | 14.8 | -4.5% |
| Belgium | 4.6 | 5.0 | 5.8 | 7.4 | 17.2% |
| Others | 13.2 | 10.1 | 10.4 | 14.8 | 3.9% |
| Total | 175 | 178 | 207 | 248 | 12.3% |
Top Suppliers of Lubricating Oil Additives; Containing Petroleum Oils or Oils Obtained from Bituminous Minerals to Thailand in 2022:
- Singapore (42.7K tons)
- United States (5.4K tons)
- China (3.5K tons)
- Japan (2.9K tons)
- Belgium (2.1K tons)
Exports of Lubricating Oil Additives; Containing Petroleum Oils or Oils Obtained from Bituminous Minerals in Thailand
In 2022, approx. 311 tons of lubricating oil additives; containing petroleum oils or oils obtained from bituminous mineralses were exported from Thailand; with an increase of 25% on the year before. Over the period under review, exports enjoyed significant growth. The pace of growth was the most pronounced in 2021 when exports increased by 77%. Over the period under review, the exports of attained the maximum in 2022 and are expected to retain growth in the immediate term.
In value terms, exports of lubricating oil additives; containing petroleum oils or oils obtained from bituminous mineralses surged to $1.7M in 2022. In general, exports posted a significant increase. The growth pace was the most rapid in 2021 with an increase of 101%. Over the period under review, the exports of reached the maximum in 2022 and are likely to see steady growth in the immediate term.
| Export of Lubricating Oil Additives; Containing Petroleum Oils or Oils Obtained from Bituminous Minerals in Thailand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | 40.6 | 75.5 | 296 | 446 | 122.3% |
| Vietnam | 146 | 189 | 125 | 319 | 29.8% |
| Singapore | 172 | 72.4 | 338 | 289 | 18.9% |
| India | 113 | 8.8 | 184 | 163 | 13.0% |
| Malaysia | N/A | 48.9 | 32.6 | 141 | 69.8% |
| Myanmar | 6.1 | 0.3 | 1.2 | 112 | 163.8% |
| Taiwan (Chinese) | N/A | N/A | N/A | 50.0 | 0% |
| Japan | 12.3 | 0.8 | 32.2 | 38.0 | 45.6% |
| Tanzania | 2.7 | 18.1 | 17.7 | 18.8 | 91.0% |
| China | 12.5 | 211 | N/A | N/A | 1588.0% |
| United Arab Emirates | 121 | 2.9 | 172 | N/A | 19.2% |
| Others | 65.2 | 33.6 | 133 | 151 | 32.3% |
| Total | 691 | 662 | 1,332 | 1,727 | 35.7% |
Top Export Markets for Lubricating Oil Additives; Containing Petroleum Oils or Oils Obtained from Bituminous Minerals from Thailand in 2022:
- Indonesia (67.5 tons)
- Singapore (53.3 tons)
- Myanmar (51.3 tons)
- Malaysia (29.7 tons)
- Vietnam (29.1 tons)
- India (21.8 tons)
- Taiwan (Chinese) (16.2 tons)
- Tanzania (15.1 tons)
- Japan (7.5 tons)
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