Price for Lubricating Preparations Not for the Treatment of Materials in Bulgaria - 2023
Contents:
- Price for Lubricating Preparations Not for the Treatment of Materials in Bulgaria (CIF) - 2023
- Price for Lubricating Preparations Not for the Treatment of Materials in Bulgaria (FOB) - 2022
- Imports of Lubricating Preparations Not for the Treatment of Materials in Bulgaria
- Exports of Lubricating Preparations Not for the Treatment of Materials in Bulgaria
Price for Lubricating Preparations Not for the Treatment of Materials in Bulgaria (CIF) - 2023
The average import price for lubricating preparations not for the treatment of materials stood at $3,736 per ton in September 2023, waning by -36.8% against the previous month. Over the period under review, the import price showed a perceptible curtailment. The growth pace was the most rapid in December 2022 an increase of 55% month-to-month. The import price peaked at $7,178 per ton in July 2023; however, from August 2023 to September 2023, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was the UK ($8,061 per ton), while the price for Austria ($962 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by the UK (+7.4%), 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 Bulgaria (FOB) - 2022
The average export price for lubricating preparations not for the treatment of materials stood at $5,011 per ton in 2022, picking up by 11% against the previous year. Overall, the export price showed a resilient expansion. The most prominent rate of growth was recorded in 2020 when the average export price increased by 71%. Over the period under review, the average export prices attained the maximum in 2022 and is likely to continue growth in years to come.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Iran ($11,631 per ton), while the average price for exports to Italy ($2,234 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 Slovakia (+11.3%), 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 Bulgaria
In 2022, approx. 12K tons of lubricating preparations not for the treatment of materials were imported into Bulgaria; shrinking by -8.6% compared with the previous year's figure. Over the period under review, total imports indicated a strong increase from 2019 to 2022: its volume increased at an average annual rate of +7.1% 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 +37.5% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 51% against the previous year. As a result, imports attained the peak of 13K tons, and then declined in the following year.
In value terms, imports of lubricating preparations not for the treatment of materials expanded modestly to $54M in 2022. In general, total imports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +10.3% 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 +41.1% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 37% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the near future.
| Import of Lubricating Preparations Not for the Treatment of Materials in Bulgaria (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 13.7 | 14.9 | 22.4 | 19.2 | 11.9% |
| Italy | 3.0 | 2.7 | 4.6 | 5.4 | 21.6% |
| United Kingdom | 3.2 | 2.5 | 4.0 | 4.1 | 8.6% |
| Belgium | 4.3 | 2.5 | 2.8 | 3.3 | -8.4% |
| Austria | 1.0 | 1.3 | 2.2 | 3.0 | 44.2% |
| Netherlands | 2.8 | 2.3 | 2.5 | 2.8 | 0.0% |
| France | 1.8 | 1.7 | 1.7 | 2.2 | 6.9% |
| Romania | 1.7 | 2.1 | 2.4 | 2.1 | 7.3% |
| Poland | 0.7 | 1.0 | 1.4 | 1.8 | 37.0% |
| Slovenia | 1.1 | 1.2 | 2.0 | 1.7 | 15.6% |
| Greece | 0.4 | 0.2 | 1.1 | 1.6 | 58.7% |
| Spain | 0.8 | 0.8 | 1.0 | 1.5 | 23.3% |
| Czech Republic | 1.1 | 0.3 | 0.4 | 0.8 | -10.1% |
| Others | 4.2 | 4.4 | 3.8 | 3.9 | -2.4% |
| Total | 39.9 | 37.9 | 52.1 | 53.5 | 10.3% |
Top Suppliers of Lubricating Preparations Not for the Treatment of Materials to Bulgaria in 2022:
- Germany (2989.9 tons)
- Italy (1652.2 tons)
- United Kingdom (962.2 tons)
- Austria (846.1 tons)
- Netherlands (837.1 tons)
- Poland (736.0 tons)
- Greece (624.0 tons)
- Belgium (562.4 tons)
- Romania (522.5 tons)
- France (459.7 tons)
- Spain (430.8 tons)
- Slovenia (306.4 tons)
- Czech Republic (280.3 tons)
Exports of Lubricating Preparations Not for the Treatment of Materials in Bulgaria
After two years of decline, shipments abroad of lubricating preparations not for the treatment of materials increased by 55% to 1.5K tons in 2022. In general, exports, however, recorded a deep slump.
In value terms, exports of lubricating preparations not for the treatment of materials surged to $7.7M in 2022. Over the period under review, exports posted strong growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Lubricating Preparations Not for the Treatment of Materials in Bulgaria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Greece | 680 | 603 | 849 | 1,224 | 21.6% |
| Iran | 167 | 592 | 781 | 907 | 75.8% |
| Italy | 101 | 3.1 | 5.5 | 800 | 99.3% |
| Austria | 281 | 263 | 293 | 678 | 34.1% |
| Serbia | 89.6 | 66.5 | 151 | 601 | 88.6% |
| Turkey | 125 | 34.3 | 79.0 | 419 | 49.7% |
| Romania | 1,450 | 510 | 239 | 411 | -34.3% |
| Georgia | 148 | 166 | 208 | 301 | 26.7% |
| Germany | 152 | 264 | 222 | 269 | 21.0% |
| Hungary | 101 | 176 | 258 | 257 | 36.5% |
| Czech Republic | 134 | 380 | 243 | 223 | 18.5% |
| Others | 1,249 | 1,200 | 1,148 | 1,632 | 9.3% |
| Total | 4,676 | 4,257 | 4,478 | 7,720 | 18.2% |
Top Export Markets for Lubricating Preparations Not for the Treatment of Materials from Bulgaria in 2022:
- Italy (357.9 tons)
- Greece (305.0 tons)
- Serbia (130.2 tons)
- Austria (110.0 tons)
- Turkey (95.6 tons)
- Iran (78.0 tons)
- Romania (75.8 tons)
- Germany (62.8 tons)
- Hungary (57.7 tons)
- Czech Republic (48.7 tons)
- Georgia (40.0 tons)
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This report provides an in-depth analysis of the market for petroleum lubricating oil and grease in Bulgaria.
641
This report provides an in-depth analysis of the global market for petroleum lubricating oil and grease.
315
This report provides an in-depth analysis of the market for petroleum lubricating oil and grease in Bulgaria.
641
This report provides an in-depth analysis of the global market for petroleum lubricating oil and grease.
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