Price for Lubricating Preparations Not for the Treatment of Materials in Canada - 2023
Contents:
- Price for Lubricating Preparations Not for the Treatment of Materials in Canada (CIF) - 2023
- Price for Lubricating Preparations Not for the Treatment of Materials in Canada (FOB) - 2023
- Imports of Lubricating Preparations Not for the Treatment of Materials in Canada
- Exports of Lubricating Preparations Not for the Treatment of Materials in Canada
Price for Lubricating Preparations Not for the Treatment of Materials in Canada (CIF) - 2023
In September 2023, the average import price for lubricating preparations not for the treatment of materials amounted to $7,613 per ton, surging by 33% against the previous month. Over the last twelve months, it increased at an average monthly rate of +1.8%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
Average prices varied somewhat amongst the major supplying countries. In September 2023, the country with the highest price was Germany ($10,038 per ton), while the price for the United States stood at $7,524 per ton.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by the United States (+2.0%).
Price for Lubricating Preparations Not for the Treatment of Materials in Canada (FOB) - 2023
The average export price for lubricating preparations not for the treatment of materials stood at $2,425 per ton in September 2023, remaining relatively unchanged against the previous month. Over the period under review, the export price recorded a relatively flat trend pattern. The growth pace was the most rapid in January 2023 an increase of 42% against the previous month. Over the period under review, the average export prices reached the peak figure at $2,965 per ton in February 2023; however, from March 2023 to September 2023, the export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was the United States ($4,598 per ton), while the average price for exports to Mexico ($1,102 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+0.2%), while the prices for the other major destinations experienced a decline.
Imports of Lubricating Preparations Not for the Treatment of Materials in Canada
In 2022, the amount of lubricating preparations not for the treatment of materials imported into Canada rose significantly to 136K tons, increasing by 5.3% against 2021 figures. The total import volume increased at an average annual rate of +2.3% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 12%. Over the period under review, imports of lubricating preparations not for treatment of materials hit record highs in 2022 and are likely to see steady growth in years to come.
In value terms, imports of lubricating preparations not for the treatment of materials soared to $773M in 2022. The total import value increased at an average annual rate of +7.6% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Lubricating Preparations Not for the Treatment of Materials in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 562 | 482 | 565 | 703 | 7.7% |
| Germany | 17.6 | 15.9 | 19.1 | 23.4 | 10.0% |
| France | 7.6 | 7.6 | 12.2 | 9.4 | 7.3% |
| Others | 32.8 | 26.3 | 38.6 | 37.5 | 4.6% |
| Total | 620 | 532 | 635 | 773 | 7.6% |
Top Suppliers of Lubricating Preparations Not for the Treatment of Materials to Canada in 2022:
- United States (124.6K tons)
- France (3.2K tons)
- Germany (2.7K tons)
Exports of Lubricating Preparations Not for the Treatment of Materials in Canada
In 2022, the amount of lubricating preparations not for the treatment of materials exported from Canada expanded rapidly to 104K tons, increasing by 13% compared with the previous year's figure. In general, total exports indicated a prominent expansion from 2019 to 2022: its volume increased at an average annual rate of +12.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +66.8% against 2020 indices. The pace of growth was the most pronounced in 2021 when exports increased by 48%. The exports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, exports of lubricating preparations not for the treatment of materials surged to $281M in 2022. Overall, exports showed a significant expansion. The growth pace was the most rapid in 2021 when exports increased by 61%. 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 Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 85.2 | 81.1 | 154 | 226 | 38.4% |
| Netherlands | 6.8 | 6.7 | 7.4 | 10.0 | 13.7% |
| China | 11.3 | 15.5 | 11.6 | 9.0 | -7.3% |
| Germany | 2.3 | 3.1 | 4.0 | 4.9 | 28.7% |
| Australia | 4.5 | 2.2 | 3.0 | 3.7 | -6.3% |
| Mexico | 4.5 | 3.4 | 3.3 | 3.6 | -7.2% |
| Brazil | 2.5 | 0.8 | 1.9 | 2.1 | -5.6% |
| Russia | 11.1 | 4.4 | 11.7 | 1.1 | -53.7% |
| Others | 27.2 | 19.0 | 21.6 | 21.0 | -8.3% |
| Total | 155 | 136 | 219 | 281 | 21.9% |
Top Export Markets for Lubricating Preparations Not for the Treatment of Materials from Canada in 2022:
- United States (56.4K tons)
- Netherlands (8.6K tons)
- China (7.8K tons)
- Germany (4.2K tons)
- Mexico (3.3K tons)
- Australia (3.2K tons)
- Brazil (1.8K tons)
- Russia (1.0K tons)
270
This report provides an in-depth analysis of the market for petroleum lubricating oil and grease in Canada.
638
This report provides an in-depth analysis of the global market for petroleum lubricating oil and grease.
270
This report provides an in-depth analysis of the market for petroleum lubricating oil and grease in Canada.
638
This report provides an in-depth analysis of the global market for petroleum lubricating oil and grease.
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