Price for Lubricating Preparations Not for the Treatment of Materials in Colombia - 2022

Contents:

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

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

The average import price for lubricating preparations not for the treatment of materials stood at $5,749 per ton in February 2022, dropping by -2.8% against the previous month. In general, the import price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in March 2021 an increase of 56% month-to-month. As a result, import price attained the peak level of $8,709 per ton. From April 2021 to February 2022, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In February 2022, the country with the highest price was the Netherlands ($10,788 per ton), while the price for Brazil ($2,513 per ton) was amongst the lowest.

From February 2021 to February 2022, the most notable rate of growth in terms of prices was attained by China (+7.2%), 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 Colombia (FOB) - 2022

The average export price for lubricating preparations not for the treatment of materials stood at $2,131 per ton in February 2022, reducing by -31.5% against the previous month. Overall, export price indicated a mild increase from February 2021 to February 2022: its price increased at an average monthly rate of +1.5% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on February 2022 figures, export price for lubricating preparations not for the treatment of materials decreased by -31.5% against January 2022 indices. The growth pace was the most rapid in September 2021 an increase of 51% m-o-m. The export price peaked at $3,113 per ton in January 2022, and then dropped dramatically in the following month.

Average prices varied noticeably for the major export markets. In February 2022, the country with the highest price was Ecuador ($2,153 per ton), while the average price for exports to Peru amounted to $1,977 per ton.

From February 2021 to February 2022, the most notable rate of growth in terms of prices was recorded for supplies to Peru (+2.6%), 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 Colombia

In 2022, the amount of lubricating preparations not for the treatment of materials imported into Colombia reduced markedly to 21K tons, declining by -17.5% compared with the previous year's figure. Over the period under review, imports faced a abrupt downturn. The most prominent rate of growth was recorded in 2021 when imports increased by 23%.

In value terms, imports of lubricating preparations not for the treatment of materials skyrocketed to $129M in 2022. The total import value increased at an average annual rate of +6.6% 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 when imports increased by 24%. Over the period under review, imports of lubricating preparations not for treatment of materials reached the maximum in 2022 and are expected to retain growth in the near future.

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

1. United States (9.1K tons)
2. France (3.3K tons)
3. Mexico (1.3K tons)
4. Brazil (1.2K tons)
5. Germany (1.2K tons)
6. Belgium (0.9K tons)
7. Italy (0.7K tons)
8. Spain (0.7K tons)
9. China (0.6K tons)
10. Netherlands (0.5K tons)

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

For the fourth year in a row, Colombia recorded growth in shipments abroad of lubricating preparations not for the treatment of materials, which increased by 4.9% to 2.2K tons in 2022. In general, exports saw a significant increase. The growth pace was the most rapid in 2021 with an increase of 68%. Over the period under review, the exports of lubricating preparations not for treatment of materials reached 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 surged to $5.9M in 2022. Overall, exports enjoyed significant growth. The growth pace was the most rapid in 2021 with an increase of 84% against the previous year. Over the period under review, the exports of lubricating preparations not for treatment of materials attained the maximum in 2022 and are likely to see gradual growth in years to come.

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

1. Ecuador (1085.5 tons)
2. Peru (875.2 tons)
3. Panama (71.0 tons)
4. Venezuela (62.1 tons)
5. Mexico (57.7 tons)
6. Chile (34.5 tons)