Price for Lubricating Preparations Not for the Treatment of Materials in Azerbaijan - 2023

Contents:

1. Price for Lubricating Preparations Not for the Treatment of Materials in Azerbaijan (CIF) - 2022
2. Price for Lubricating Preparations Not for the Treatment of Materials in Azerbaijan (FOB) - 2022
3. Imports of Lubricating Preparations Not for the Treatment of Materials in Azerbaijan
4. Exports of Lubricating Preparations Not for the Treatment of Materials in Azerbaijan

Price for Lubricating Preparations Not for the Treatment of Materials in Azerbaijan (CIF) - 2022

In 2022, the average import price for lubricating preparations not for the treatment of materials amounted to $5,996 per ton, rising by 6.9% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the average import price increased by 35%. The import price peaked at $6,130 per ton in 2020; however, from 2021 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 France ($16,369 per ton), while the price for Iran ($1,692 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Lithuania (+26.1%), 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 Azerbaijan (FOB) - 2022

In 2022, the average export price for lubricating preparations not for the treatment of materials amounted to $6,569 per ton, growing by 142% against the previous year. Overall, the export price, however, showed a abrupt slump. The pace of growth was the most pronounced in 2020 an increase of 173% against the previous year. Over the period under review, the average export prices hit record highs at $21,514 per ton in 2012; however, from 2013 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 Russia ($27,305 per ton), while the average price for exports to Moldova ($1,970 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 Turkey (+20.5%), while the prices for the other major destinations experienced a decline.

Imports of Lubricating Preparations Not for the Treatment of Materials in Azerbaijan

In 2022, approx. 1.7K tons of lubricating preparations not for the treatment of materials were imported into Azerbaijan; with an increase of 1.8% against the previous year's figure. The total import volume increased at an average annual rate of +3.6% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 with an increase of 29%. As a result, imports reached the peak of 1.9K tons. From 2021 to 2022, the growth of imports of failed to regain momentum.

In value terms, imports of lubricating preparations not for the treatment of materials rose sharply to $10M in 2022. The total import value increased at an average annual rate of +6.6% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2020 with an increase of 44%. As a result, imports attained the peak of $12M. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

Top Suppliers of Lubricating Preparations Not for the Treatment of Materials to Azerbaijan in 2022:

1. Turkey (546.3 tons)
2. United States (291.8 tons)
3. Russia (251.0 tons)
4. Germany (124.4 tons)
5. United Kingdom (107.7 tons)
6. Iran (106.6 tons)
7. China (71.6 tons)
8. Belgium (46.6 tons)
9. France (15.1 tons)

Exports of Lubricating Preparations Not for the Treatment of Materials in Azerbaijan

In 2022, the amount of lubricating preparations not for the treatment of materials exported from Azerbaijan soared to 32 tons, surging by 98% on 2021. Overall, exports posted a resilient increase. The growth pace was the most rapid in 2021 when exports increased by 8,835%. Over the period under review, the exports of lubricating preparations not for treatment of materials attained the peak figure in 2022 and are expected to retain growth in years to come.

In value terms, exports of lubricating preparations not for the treatment of materials soared to $209K in 2022. Over the period under review, exports recorded a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 1,561%. The exports peaked in 2022 and are likely to see steady growth in the immediate term.

Top Export Markets for Lubricating Preparations Not for the Treatment of Materials from Azerbaijan in 2022:

1. Moldova (22.0 tons)
2. Turkey (5.0 tons)
3. Russia (4.7 tons)