Price for Lubricating Preparations Not for the Treatment of Materials in Australia - 2023
Contents:
- Price for Lubricating Preparations Not for the Treatment of Materials in Australia (CIF) - 2023
- Price for Lubricating Preparations Not for the Treatment of Materials in Australia (FOB) - 2022
- Imports of Lubricating Preparations Not for the Treatment of Materials in Australia
- Exports of Lubricating Preparations Not for the Treatment of Materials in Australia
Price for Lubricating Preparations Not for the Treatment of Materials in Australia (CIF) - 2023
The average import price for lubricating preparations not for the treatment of materials stood at $5,996 per ton in October 2023, dropping by -6.8% against the previous month. Overall, the import price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in February 2023 when the average import price increased by 41% against the previous month. Over the period under review, average import prices hit record highs at $7,434 per ton in June 2023; however, from July 2023 to October 2023, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In October 2023, the country with the highest price was France ($21,008 per ton), while the price for India ($2,496 per ton) was amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by France (+19.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Lubricating Preparations Not for the Treatment of Materials in Australia (FOB) - 2022
The average export price for lubricating preparations not for the treatment of materials stood at $3,585 per ton in 2022, standing approx. at the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the average export price increased by 33% against the previous year. Over the period under review, the average export prices attained the peak figure at $3,672 per ton in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Papua New Guinea ($5,987 per ton), while the average price for exports to Bangladesh ($1,837 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (+5.9%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Lubricating Preparations Not for the Treatment of Materials in Australia
In 2022, approx. 33K tons of lubricating preparations not for the treatment of materials were imported into Australia; increasing by 8.7% compared with the year before. The total import volume increased at an average annual rate of +2.9% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of lubricating preparations not for the treatment of materials surged to $191M in 2022. The total import value increased at an average annual rate of +8.4% 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 Preparations Not for the Treatment of Materials in Australia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 59.4 | 53.0 | 52.3 | 69.8 | 5.5% |
| Germany | 25.5 | 25.4 | 28.2 | 36.6 | 12.8% |
| Singapore | 17.6 | 17.5 | 16.5 | 13.0 | -9.6% |
| China | 4.5 | 5.4 | 7.7 | 9.3 | 27.4% |
| France | 5.6 | 6.2 | 8.0 | 8.9 | 16.7% |
| United Kingdom | 6.8 | 5.5 | 7.4 | 7.7 | 4.2% |
| Switzerland | 2.8 | 3.3 | 4.5 | 5.5 | 25.2% |
| Canada | 4.3 | 3.3 | 3.4 | 4.6 | 2.3% |
| Belgium | 3.3 | 4.6 | 3.2 | 4.6 | 11.7% |
| Netherlands | 1.9 | 1.3 | 3.6 | 4.3 | 31.3% |
| India | 1.7 | 1.7 | 2.5 | 3.5 | 27.2% |
| Vietnam | 3.5 | 2.9 | 3.7 | 3.2 | -2.9% |
| Japan | 2.1 | 2.4 | 3.3 | 2.8 | 10.1% |
| Others | 11.3 | 12.5 | 14.4 | 17.3 | 15.3% |
| Total | 150 | 145 | 159 | 191 | 8.4% |
Top Suppliers of Lubricating Preparations Not for the Treatment of Materials to Australia in 2022:
- United States (8.2K tons)
- Germany (5.8K tons)
- Singapore (4.9K tons)
- China (2.2K tons)
- Canada (1.4K tons)
- France (1.3K tons)
- India (1.2K tons)
- Netherlands (0.9K tons)
- United Kingdom (0.9K tons)
- Switzerland (0.8K tons)
- Vietnam (0.7K tons)
- Belgium (0.7K tons)
- Japan (0.6K tons)
Exports of Lubricating Preparations Not for the Treatment of Materials in Australia
In 2022, exports of lubricating preparations not for the treatment of materials from Australia skyrocketed to 19K tons, rising by 32% on the previous year. The total export volume increased at an average annual rate of +8.4% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of lubricating preparations not for the treatment of materials surged to $67M in 2022. The total export value increased at an average annual rate of +10.4% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Lubricating Preparations Not for the Treatment of Materials in Australia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| New Zealand | 23.1 | 24.6 | 24.7 | 38.8 | 18.9% |
| China | 2.7 | 5.7 | 5.7 | 5.7 | 28.3% |
| Papua New Guinea | 3.5 | 2.8 | 1.7 | 2.6 | -9.4% |
| Malaysia | 1.1 | 1.3 | 1.3 | 2.5 | 31.5% |
| India | 1.4 | 1.0 | 2.2 | 2.4 | 19.7% |
| South Korea | 0.6 | 0.7 | 1.4 | 1.8 | 44.2% |
| Bangladesh | 1.8 | 1.7 | 2.0 | 1.4 | -8.0% |
| Indonesia | 1.9 | 1.7 | 2.1 | 1.2 | -14.2% |
| Thailand | 1.8 | 1.5 | 2.3 | 0.9 | -20.6% |
| Others | 12.2 | 12.8 | 7.6 | 9.9 | -6.7% |
| Total | 50.0 | 53.6 | 50.9 | 67.3 | 10.4% |
Top Export Markets for Lubricating Preparations Not for the Treatment of Materials from Australia in 2022:
- New Zealand (11.7K tons)
- China (1.2K tons)
- Bangladesh (0.8K tons)
- Malaysia (0.8K tons)
- India (0.5K tons)
- Papua New Guinea (0.4K tons)
- South Korea (0.4K tons)
- Indonesia (0.2K tons)
- Thailand (0.2K tons)
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This report provides an in-depth analysis of the market for petroleum lubricating oil and grease in Australia.
638
This report provides an in-depth analysis of the global market for petroleum lubricating oil and grease.
242
This report provides an in-depth analysis of the market for petroleum lubricating oil and grease in Australia.
638
This report provides an in-depth analysis of the global market for petroleum lubricating oil and grease.
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