Price for Lubricating Preparations Not for the Treatment of Materials in Angola - 2022
Contents:
- Price for Lubricating Preparations Not for the Treatment of Materials in Angola (CIF) - 2022
- Price for Lubricating Preparations Not for the Treatment of Materials in Angola (FOB) - 2022
- Imports of Lubricating Preparations Not for the Treatment of Materials in Angola
- Exports of Lubricating Preparations Not for the Treatment of Materials in Angola
Price for Lubricating Preparations Not for the Treatment of Materials in Angola (CIF) - 2022
The average import price for lubricating preparations not for the treatment of materials stood at $3,307 per ton in 2022, dropping by -4.7% against the previous year. In general, the import price recorded a deep reduction. The most prominent rate of growth was recorded in 2017 an increase of 34% against the previous year. Over the period under review, average import prices hit record highs at $5,727 per ton in 2012; however, from 2013 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 the United States ($10,413 per ton), while the price for Portugal ($1,681 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (+0.4%), while the prices for the other major suppliers experienced a decline.
Price for Lubricating Preparations Not for the Treatment of Materials in Angola (FOB) - 2022
In 2022, the average export price for lubricating preparations not for the treatment of materials amounted to $3,641 per ton, rising by 8.8% against the previous year. In general, the export price showed prominent growth. The growth pace was the most rapid in 2016 when the average export price increased by 186% against the previous year. The export price peaked at $5,918 per ton in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Argentina ($12,495 per ton), while the average price for exports to the United Arab Emirates ($725 per ton) was amongst the lowest.
From 2015 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Congo (+2.7%), while the prices for the other major destinations experienced a decline.
Imports of Lubricating Preparations Not for the Treatment of Materials in Angola
Imports of lubricating preparations not for the treatment of materials into Angola rose sharply to 4.3K tons in 2022, growing by 14% compared with 2021. In general, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 30%. Imports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, imports of lubricating preparations not for the treatment of materials stood at $14M in 2022. Overall, imports, however, recorded a abrupt contraction. The pace of growth appeared the most rapid in 2021 when imports increased by 11%.
| Import of Lubricating Preparations Not for the Treatment of Materials in Angola (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 4.4 | 1.5 | 2.4 | 2.4 | -18.3% |
| France | 1.0 | 0.6 | 0.7 | 2.3 | 32.0% |
| South Africa | 3.5 | 0.9 | 2.2 | 2.1 | -15.7% |
| Portugal | 2.5 | 1.6 | 1.6 | 1.6 | -13.8% |
| United Kingdom | 0.6 | 0.9 | 1.1 | 1.3 | 29.4% |
| Belgium | 2.9 | 1.8 | 1.5 | 1.3 | -23.5% |
| Germany | 1.8 | 2.0 | 0.9 | 1.2 | -12.6% |
| Spain | 0.3 | 0.1 | 0.2 | 0.1 | -30.7% |
| Others | 2.1 | 2.4 | 2.4 | 1.8 | -5.0% |
| Total | 19.1 | 11.7 | 12.9 | 14.1 | -9.6% |
Top Suppliers of Lubricating Preparations Not for the Treatment of Materials to Angola in 2022:
- Portugal (978.5 tons)
- South Africa (750.1 tons)
- Germany (511.5 tons)
- France (482.4 tons)
- Belgium (428.3 tons)
- United Kingdom (253.6 tons)
- United States (227.7 tons)
- Spain (55.2 tons)
Exports of Lubricating Preparations Not for the Treatment of Materials in Angola
In 2022, overseas shipments of lubricating preparations not for the treatment of materials were finally on the rise to reach 18 tons for the first time since 2019, thus ending a two-year declining trend. Overall, exports, however, faced a deep downturn.
In value terms, exports of lubricating preparations not for the treatment of materials expanded sharply to $67K in 2022. In general, exports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 31%. As a result, the exports reached the peak of $89K. From 2021 to 2022, the growth of the exports of remained at a lower figure.
| Export of Lubricating Preparations Not for the Treatment of Materials in Angola (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 1.7 | N/A | N/A | 25.6 | 146.9% |
| Argentina | N/A | N/A | N/A | 18.7 | 0% |
| South Africa | 2.8 | 28.8 | 0.2 | 9.6 | 50.8% |
| United Kingdom | 0.2 | 0.8 | 0.4 | 4.2 | 175.9% |
| Congo | 57.8 | 1.1 | 5.7 | 4.0 | -58.9% |
| Namibia | 1.0 | 34.4 | 20.4 | 3.0 | 44.2% |
| United Arab Emirates | N/A | N/A | N/A | 1.4 | 0% |
| Cameroon | N/A | 20.4 | N/A | N/A | 0% |
| Others | 4.5 | 3.9 | 33.8 | 0.5 | -51.9% |
| Total | 68.1 | 89.4 | 60.5 | 67.1 | -0.5% |
Top Export Markets for Lubricating Preparations Not for the Treatment of Materials from Angola in 2022:
- Spain (8.7 tons)
- Congo (3.2 tons)
- United Arab Emirates (2.0 tons)
- South Africa (1.7 tons)
- Argentina (1.5 tons)
- United Kingdom (1.1 tons)
- Namibia (0.1 tons)
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This report provides an in-depth analysis of the market for petroleum lubricating oil and grease in Angola.
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This report provides an in-depth analysis of the global market for petroleum lubricating oil and grease.
264
This report provides an in-depth analysis of the market for petroleum lubricating oil and grease in Angola.
638
This report provides an in-depth analysis of the global market for petroleum lubricating oil and grease.
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