Price for Lubricating Oil Additives; Containing Petroleum Oils or Oils Obtained from Bituminous Minerals in the Netherlands - 2023
Contents:
- Price for Lubricating Oil Additives; Containing Petroleum Oils or Oils Obtained from Bituminous Minerals in the Netherlands (CIF) - 2023
- Price for Lubricating Oil Additives; Containing Petroleum Oils or Oils Obtained from Bituminous Minerals in the Netherlands (FOB) - 2023
- Imports of Lubricating Oil Additives; Containing Petroleum Oils or Oils Obtained from Bituminous Minerals in the Netherlands
- Exports of Lubricating Oil Additives; Containing Petroleum Oils or Oils Obtained from Bituminous Minerals in the Netherlands
Price for Lubricating Oil Additives; Containing Petroleum Oils or Oils Obtained from Bituminous Minerals in the Netherlands (CIF) - 2023
In November 2023, the average import price for lubricating oil additives; containing petroleum oils or oils obtained from bituminous mineralses amounted to $4,448 per ton, which is down by -4.5% against the previous month. Overall, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in April 2023 when the average import price increased by 6.1% against the previous month. The import price peaked at $4,724 per ton in June 2023; however, from July 2023 to November 2023, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In November 2023, the country with the highest price was the United States ($9,162 per ton), while the price for Belarus ($3,792 per ton) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Singapore (+1.2%), 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 the Netherlands (FOB) - 2023
In November 2023, the average export price for lubricating oil additives; containing petroleum oils or oils obtained from bituminous mineralses amounted to $5,300 per ton, remaining relatively unchanged against the previous month. In general, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in October 2023 when the average export price increased by 5.5% against the previous month. The export price peaked at $5,631 per ton in November 2022; however, from December 2022 to November 2023, the export prices failed to regain momentum.
There were significant differences in the average prices for the major external markets. In November 2023, the country with the highest price was France ($6,689 per ton), while the average price for exports to Serbia ($3,424 per ton) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+3.6%), 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 the Netherlands
In 2022, the amount of lubricating oil additives; containing petroleum oils or oils obtained from bituminous mineralses imported into the Netherlands rose to 88K tons, with an increase of 3.5% on 2021 figures. Overall, imports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 8.4%. Over the period under review, imports of hit record highs in 2022 and are likely to continue growth in the immediate term.
In value terms, imports of lubricating oil additives; containing petroleum oils or oils obtained from bituminous mineralses rose remarkably to $343M in 2022. The total import value increased at an average annual rate of +6.0% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed 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 the Netherlands (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 115 | 96.6 | 116 | 123 | 2.3% |
| Belgium | 57.9 | 46.6 | 57.5 | 77.7 | 10.3% |
| Italy | 25.6 | 31.8 | 33.9 | 43.7 | 19.5% |
| Germany | 22.5 | 23.7 | 25.4 | 34.8 | 15.6% |
| United States | 30.8 | 27.0 | 29.2 | 27.8 | -3.4% |
| Belarus | 11.8 | 9.9 | 13.4 | 9.3 | -7.6% |
| Singapore | 5.1 | 6.0 | 6.2 | 7.6 | 14.2% |
| United Kingdom | 13.7 | 14.6 | 5.4 | 5.2 | -27.6% |
| Others | 5.1 | 7.7 | 11.9 | 14.2 | 40.7% |
| Total | 288 | 264 | 299 | 343 | 6.0% |
Top Suppliers of Lubricating Oil Additives; Containing Petroleum Oils or Oils Obtained from Bituminous Minerals to the Netherlands in 2022:
- France (36.7K tons)
- Belgium (19.5K tons)
- Italy (11.6K tons)
- Germany (7.9K tons)
- United States (3.3K tons)
- Belarus (3.2K tons)
- Singapore (1.8K tons)
- United Kingdom (1.1K tons)
Exports of Lubricating Oil Additives; Containing Petroleum Oils or Oils Obtained from Bituminous Minerals in the Netherlands
Exports of lubricating oil additives; containing petroleum oils or oils obtained from bituminous mineralses from the Netherlands contracted to 40K tons in 2022, with a decrease of -9.1% on 2021 figures. In general, exports continue to indicate a slight shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of 10%. As a result, the exports reached the peak of 44K tons, and then declined in the following year.
In value terms, exports of lubricating oil additives; containing petroleum oils or oils obtained from bituminous mineralses rose remarkably to $186M in 2022. The total export value increased at an average annual rate of +6.9% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 20% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in years to come.
| Export of Lubricating Oil Additives; Containing Petroleum Oils or Oils Obtained from Bituminous Minerals in the Netherlands (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 33.3 | 40.3 | 46.5 | 45.9 | 11.3% |
| France | 16.2 | 17.1 | 18.3 | 19.1 | 5.6% |
| Belgium | 16.6 | 13.4 | 16.3 | 13.9 | -5.7% |
| Turkey | 9.6 | 5.1 | 4.6 | 8.6 | -3.6% |
| Spain | 6.2 | 5.7 | 7.7 | 8.2 | 9.8% |
| Brazil | 2.8 | 2.2 | 3.1 | 7.3 | 37.6% |
| Egypt | 2.5 | 1.4 | 2.2 | 7.1 | 41.6% |
| Italy | 7.3 | 6.3 | 8.3 | 6.5 | -3.8% |
| Singapore | 4.2 | 4.9 | 5.9 | 5.4 | 8.7% |
| United Kingdom | 5.0 | 5.5 | 4.1 | 5.2 | 1.3% |
| United States | 1.6 | 1.2 | 2.7 | 4.9 | 45.2% |
| South Africa | 3.7 | 3.1 | 3.1 | 4.4 | 5.9% |
| United Arab Emirates | 2.1 | 4.0 | 2.9 | 3.4 | 17.4% |
| Others | 41.0 | 33.1 | 45.6 | 45.8 | 3.8% |
| Total | 152 | 143 | 171 | 186 | 7.0% |
Top Export Markets for Lubricating Oil Additives; Containing Petroleum Oils or Oils Obtained from Bituminous Minerals from the Netherlands in 2022:
- Germany (8.7K tons)
- France (3.2K tons)
- Belgium (2.6K tons)
- Turkey (2.0K tons)
- Spain (2.0K tons)
- Brazil (1.9K tons)
- Italy (1.5K tons)
- Egypt (1.5K tons)
- South Africa (1.2K tons)
- United Kingdom (1.2K tons)
- Singapore (1.1K tons)
- United States (1.1K tons)
- United Arab Emirates (0.9K tons)
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