Price for Lubricating Preparations Not for the Treatment of Materials in Bangladesh - 2022
Contents:
- Price for Lubricating Preparations Not for the Treatment of Materials in Bangladesh (CIF) - 2022
- Price for Lubricating Preparations Not for the Treatment of Materials in Bangladesh (FOB) - 2022
- Imports of Lubricating Preparations Not for the Treatment of Materials in Bangladesh
- Exports of Lubricating Preparations Not for the Treatment of Materials in Bangladesh
Price for Lubricating Preparations Not for the Treatment of Materials in Bangladesh (CIF) - 2022
In 2022, the average import price for lubricating preparations not for the treatment of materials amounted to $3,424 per ton, growing by 11% against the previous year. Overall, import price indicated a buoyant expansion from 2012 to 2022: its price increased at an average annual rate of +5.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for lubricating preparations not for the treatment of materials increased by +78.0% against 2013 indices. The growth pace was the most rapid in 2014 when the average import price increased by 27%. Over the period under review, average import prices attained the maximum in 2022 and is expected to retain growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Singapore ($10,586 per ton), while the price for Thailand ($1,480 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+11.3%), 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 Bangladesh (FOB) - 2022
The average export price for lubricating preparations not for the treatment of materials stood at $3,301 per ton in 2022, reducing by -58.4% against the previous year. Over the period under review, the export price, however, showed buoyant growth. The pace of growth was the most pronounced in 2017 when the average export price increased by 146% against the previous year. Over the period under review, the average export prices attained the peak figure at $12,337 per ton in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Austria ($32,661 per ton), while the average price for exports to Singapore ($1,762 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 Austria (+25.3%), 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 Bangladesh
In 2022, approx. 22K tons of lubricating preparations not for the treatment of materials were imported into Bangladesh; shrinking by -6.8% on 2021. Over the period under review, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 37%. As a result, imports reached the peak of 24K tons, and then contracted in the following year.
In value terms, imports of lubricating preparations not for the treatment of materials rose slightly to $75M in 2022. The total import value increased at an average annual rate of +6.7% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 when imports increased by 42% against the previous year. Over the period under review, imports of lubricating preparations not for treatment of materials attained the maximum in 2022 and are likely to see steady growth in years to come.
| Import of Lubricating Preparations Not for the Treatment of Materials in Bangladesh (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 9.8 | 9.4 | 13.7 | 15.7 | 17.0% |
| Germany | 10.5 | 7.6 | 11.8 | 12.4 | 5.7% |
| China | 10.6 | 8.1 | 11.4 | 11.8 | 3.6% |
| Singapore | 4.7 | 4.6 | 6.5 | 7.6 | 17.4% |
| Italy | 2.2 | 1.4 | 3.5 | 3.2 | 13.3% |
| Netherlands | 2.3 | 2.0 | 3.8 | 2.2 | -1.5% |
| Taiwan (Chinese) | 2.5 | 1.7 | 1.9 | 2.2 | -4.2% |
| Japan | 1.6 | 1.4 | 2.0 | 2.0 | 7.7% |
| Australia | 2.4 | 2.2 | 3.0 | 2.0 | -5.9% |
| South Korea | 2.0 | 2.1 | 3.2 | 2.0 | 0.0% |
| Turkey | 0.5 | 0.3 | 0.7 | 1.5 | 44.2% |
| Thailand | 2.0 | 1.3 | 1.2 | 1.3 | -13.4% |
| Spain | 1.9 | 1.5 | 1.4 | 1.1 | -16.7% |
| Others | 9.1 | 7.8 | 9.0 | 10.4 | 4.6% |
| Total | 62.1 | 51.6 | 73.2 | 75.4 | 6.7% |
Top Suppliers of Lubricating Preparations Not for the Treatment of Materials to Bangladesh in 2022:
- India (5.5K tons)
- China (4.1K tons)
- Germany (2.2K tons)
- Italy (1.3K tons)
- Australia (1.0K tons)
- Netherlands (0.9K tons)
- Thailand (0.9K tons)
- Taiwan (Chinese) (0.7K tons)
- Singapore (0.7K tons)
- South Korea (0.7K tons)
- Turkey (0.6K tons)
- Japan (0.5K tons)
- Spain (0.5K tons)
Exports of Lubricating Preparations Not for the Treatment of Materials in Bangladesh
In 2022, the amount of lubricating preparations not for the treatment of materials exported from Bangladesh skyrocketed to 19 tons, growing by 899% against 2021. Over the period under review, exports continue to indicate a significant increase. As a result, the exports attained 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 skyrocketed to $61K in 2022. Overall, exports recorded significant growth. 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 Bangladesh (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 16.2 | 13.7 | 3.2 | 34.4 | 28.5% |
| India | 2.4 | 1.9 | 0.4 | 4.5 | 23.3% |
| Vietnam | N/A | N/A | 10.3 | N/A | 0% |
| Others | 15.1 | 5.2 | 0.9 | 22.6 | 14.4% |
| Total | 33.7 | 20.8 | 14.8 | 61.5 | 22.2% |
Top Export Markets for Lubricating Preparations Not for the Treatment of Materials from Bangladesh in 2022:
- United States (17.4 tons)
- India (0.7 tons)
457
This report provides an in-depth analysis of the market for petroleum lubricating oil and grease in Bangladesh.
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This report provides an in-depth analysis of the global market for petroleum lubricating oil and grease.
457
This report provides an in-depth analysis of the market for petroleum lubricating oil and grease in Bangladesh.
638
This report provides an in-depth analysis of the global market for petroleum lubricating oil and grease.
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