Price for Lubricating Preparations Not for the Treatment of Materials in Bahrain - 2022
Contents:
- Price for Lubricating Preparations Not for the Treatment of Materials in Bahrain (CIF) - 2022
- Price for Lubricating Preparations Not for the Treatment of Materials in Bahrain (FOB) - 2022
- Imports of Lubricating Preparations Not for the Treatment of Materials in Bahrain
- Exports of Lubricating Preparations Not for the Treatment of Materials in Bahrain
Price for Lubricating Preparations Not for the Treatment of Materials in Bahrain (CIF) - 2022
The average import price for lubricating preparations not for the treatment of materials stood at $5,640 per ton in 2022, with an increase of 20% against the previous year. Over the last decade, it increased at an average annual rate of +3.7%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($9,521 per ton), while the price for Poland ($1,851 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+4.5%), 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 Bahrain (FOB) - 2022
The average export price for lubricating preparations not for the treatment of materials stood at $4,947 per ton in 2022, falling by -24.6% against the previous year. In general, the export price, however, enjoyed resilient growth. The pace of growth appeared the most rapid in 2021 when the average export price increased by 89%. As a result, the export price reached the peak level of $6,566 per ton, and then shrank notably in the following year.
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 the United Arab Emirates ($9,901 per ton), while the average price for exports to Iraq ($250 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 (+32.5%), 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 Bahrain
After three years of growth, purchases abroad of lubricating preparations not for the treatment of materials decreased by -9.1% to 3.5K tons in 2022. The total import volume increased at an average annual rate of +9.6% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 31% against the previous year. As a result, imports reached the peak of 3.8K tons, and then fell in the following year.
In value terms, imports of lubricating preparations not for the treatment of materials rose significantly to $20M in 2022. In general, total imports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +19.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +71.7% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 37%. Imports peaked in 2022 and are likely to continue growth in the near future.
| Import of Lubricating Preparations Not for the Treatment of Materials in Bahrain (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 3.1 | 3.1 | 2.9 | 4.6 | 14.1% |
| Japan | 0.1 | 0.6 | 5.3 | 2.6 | 196.2% |
| United Kingdom | 0.8 | 1.1 | 1.3 | 2.4 | 44.2% |
| Italy | 0.8 | 1.4 | 1.5 | 2.0 | 35.7% |
| Germany | 0.9 | 0.6 | 1.0 | 2.0 | 30.5% |
| Thailand | N/A | N/A | N/A | 1.4 | 0% |
| China | 0.2 | 0.6 | 0.7 | 0.9 | 65.1% |
| France | 0.6 | 0.6 | 0.5 | 0.8 | 10.1% |
| Spain | 1.1 | 0.8 | 0.5 | 0.4 | -28.6% |
| United Arab Emirates | 2.6 | 3.2 | 2.5 | 0.3 | -51.3% |
| Poland | N/A | 0.1 | 0.2 | 0.3 | 73.2% |
| India | 0.3 | 0.2 | 0.4 | 0.3 | 0.0% |
| Others | 0.8 | 0.8 | 1.2 | 1.4 | 20.5% |
| Total | 11.4 | 13.1 | 17.9 | 19.5 | 19.6% |
Top Suppliers of Lubricating Preparations Not for the Treatment of Materials to Bahrain in 2022:
- Italy (742.5 tons)
- United States (479.4 tons)
- Japan (424.0 tons)
- United Kingdom (330.2 tons)
- Thailand (252.1 tons)
- China (248.6 tons)
- Germany (234.7 tons)
- Poland (171.4 tons)
- India (125.8 tons)
- United Arab Emirates (114.5 tons)
- Spain (76.9 tons)
- France (70.7 tons)
Exports of Lubricating Preparations Not for the Treatment of Materials in Bahrain
In 2022, approx. 476 tons of lubricating preparations not for the treatment of materials were exported from Bahrain; increasing by 46% compared with 2021 figures. Over the period under review, exports, however, showed a deep contraction.
In value terms, exports of lubricating preparations not for the treatment of materials rose remarkably to $2.4M in 2022. Overall, exports posted a resilient expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 101% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the near future.
| Export of Lubricating Preparations Not for the Treatment of Materials in Bahrain (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Hong Kong SAR | N/A | 327 | 410 | 361 | 5.1% |
| Saudi Arabia | 1,568 | 523 | 455 | 325 | -40.8% |
| United Arab Emirates | N/A | 40.4 | 32.3 | 323 | 182.8% |
| Singapore | 4.6 | 23.8 | 448 | 319 | 310.8% |
| China | N/A | N/A | 16.5 | 282 | 1609.1% |
| Bangladesh | N/A | N/A | 282 | 167 | -40.8% |
| Australia | N/A | 1.4 | N/A | 59.3 | 550.8% |
| Iraq | 222 | N/A | N/A | N/A | 0% |
| Others | 23.2 | 151 | 500 | 520 | 181.9% |
| Total | 1,818 | 1,066 | 2,143 | 2,357 | 9.0% |
Top Export Markets for Lubricating Preparations Not for the Treatment of Materials from Bahrain in 2022:
- Saudi Arabia (135.5 tons)
- Hong Kong SAR (70.5 tons)
- Singapore (66.5 tons)
- China (49.2 tons)
- United Arab Emirates (32.6 tons)
- Bangladesh (30.1 tons)
- Australia (28.4 tons)
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This report provides an in-depth analysis of the market for petroleum lubricating oil and grease in Bahrain.
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This report provides an in-depth analysis of the global market for petroleum lubricating oil and grease.
104
This report provides an in-depth analysis of the market for petroleum lubricating oil and grease in Bahrain.
641
This report provides an in-depth analysis of the global market for petroleum lubricating oil and grease.
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