Price for Lubricating Preparations Not for the Treatment of Materials in Denmark - 2023
Contents:
- Price for Lubricating Preparations Not for the Treatment of Materials in Denmark (CIF) - 2023
- Price for Lubricating Preparations Not for the Treatment of Materials in Denmark (FOB) - 2023
- Imports of Lubricating Preparations Not for the Treatment of Materials in Denmark
- Exports of Lubricating Preparations Not for the Treatment of Materials in Denmark
Price for Lubricating Preparations Not for the Treatment of Materials in Denmark (CIF) - 2023
In September 2023, the average import price for lubricating preparations not for the treatment of materials amounted to $1,100 per ton, waning by -77% against the previous month. Over the period under review, the import price continues to indicate a deep downturn. The most prominent rate of growth was recorded in April 2023 an increase of 20% against the previous month. As a result, import price reached the peak level of $6,574 per ton. From May 2023 to September 2023, the average import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Germany ($10,463 per ton), while the price for the Netherlands ($69.0 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 Germany (+2.0%), 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 Denmark (FOB) - 2023
In September 2023, the average export price for lubricating preparations not for the treatment of materials amounted to $10,852 per ton, rising by 8.7% against the previous month. Over the period under review, the export price showed a relatively flat trend pattern. The growth pace was the most rapid in December 2022 an increase of 16% month-to-month. The export price peaked at $11,826 per ton in April 2023; however, from May 2023 to September 2023, the export prices remained at a lower figure.
There were significant differences in the average prices for the major export markets. In September 2023, the country with the highest price was the UK ($21,769 per ton), while the average price for exports to Finland ($5,865 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 Spain (+2.7%), 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 Denmark
In 2022, the amount of lubricating preparations not for the treatment of materials imported into Denmark was estimated at 31K tons, therefore, remained relatively stable against 2021. Over the period under review, imports, however, saw a slight shrinkage. The pace of growth was the most pronounced in 2021 with an increase of 5.8%.
In value terms, imports of lubricating preparations not for the treatment of materials stood at $186M in 2022. The total import value increased at an average annual rate of +4.7% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when imports increased by 14%. Over the period under review, imports of lubricating preparations not for treatment of materials reached the peak figure in 2022 and are likely to continue growth in years to come.
| Import of Lubricating Preparations Not for the Treatment of Materials in Denmark (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 59.4 | 70.5 | 74.4 | 74.2 | 7.7% |
| Sweden | 33.4 | 31.3 | 31.8 | 34.2 | 0.8% |
| France | 24.2 | 18.2 | 26.7 | 25.8 | 2.2% |
| Belgium | 10.3 | 8.8 | 10.3 | 14.3 | 11.6% |
| Netherlands | 9.3 | 7.3 | 8.3 | 10.2 | 3.1% |
| Spain | 4.3 | 4.0 | 5.0 | 3.2 | -9.4% |
| Norway | 3.5 | 3.4 | 3.0 | 3.0 | -5.0% |
| Others | 17.6 | 16.2 | 22.1 | 21.0 | 6.1% |
| Total | 162 | 160 | 181 | 186 | 4.7% |
Top Suppliers of Lubricating Preparations Not for the Treatment of Materials to Denmark in 2022:
- Germany (9.1K tons)
- France (6.6K tons)
- Sweden (5.7K tons)
- Belgium (3.3K tons)
- Netherlands (2.0K tons)
- Norway (1.0K tons)
- Spain (0.7K tons)
Exports of Lubricating Preparations Not for the Treatment of Materials in Denmark
In 2022, after two years of decline, there was growth in overseas shipments of lubricating preparations not for the treatment of materials, when their volume increased by 4.1% to 9.1K tons. In general, exports, however, continue to indicate a drastic downturn.
In value terms, exports of lubricating preparations not for the treatment of materials totaled $94M in 2022. The total export value increased at an average annual rate of +7.9% from 2019 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2021 when exports increased by 11%. Over the period under review, the exports of lubricating preparations not for treatment of materials reached the maximum in 2022 and are likely to see steady growth in the immediate term.
| Export of Lubricating Preparations Not for the Treatment of Materials in Denmark (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 26.4 | 21.0 | 15.3 | 19.4 | -9.8% |
| Sweden | 14.3 | 11.8 | 13.7 | 16.4 | 4.7% |
| Norway | 7.0 | 9.1 | 10.0 | 9.3 | 9.9% |
| United States | 2.8 | 6.1 | 7.1 | 6.5 | 32.4% |
| Finland | 2.8 | 2.1 | 2.6 | 3.8 | 10.7% |
| Netherlands | 1.2 | 1.1 | 3.0 | 3.4 | 41.5% |
| India | 1.4 | 1.1 | 1.9 | 3.0 | 28.9% |
| Australia | 0.3 | 1.5 | 1.2 | 2.7 | 108.0% |
| China | 1.1 | 1.7 | 3.7 | 2.6 | 33.2% |
| Brazil | 0.3 | 0.5 | 1.2 | 2.4 | 100.0% |
| Spain | 1.2 | 2.1 | 2.0 | 2.4 | 26.0% |
| France | 0.5 | 1.1 | 1.4 | 1.4 | 40.9% |
| Italy | 1.4 | 2.0 | 2.7 | 1.0 | -10.6% |
| Others | 14.0 | 16.6 | 20.3 | 19.6 | 11.9% |
| Total | 74.8 | 77.9 | 86.3 | 93.9 | 7.9% |
Top Export Markets for Lubricating Preparations Not for the Treatment of Materials from Denmark in 2022:
- Sweden (2364.4 tons)
- Norway (1066.9 tons)
- Germany (993.1 tons)
- Finland (603.5 tons)
- United States (429.2 tons)
- Spain (384.6 tons)
- Netherlands (337.1 tons)
- Australia (244.0 tons)
- Brazil (147.7 tons)
- France (147.0 tons)
- Italy (130.6 tons)
- India (127.7 tons)
- China (125.9 tons)
371
This report provides an in-depth analysis of the market for petroleum lubricating oil and grease in Denmark.
638
This report provides an in-depth analysis of the global market for petroleum lubricating oil and grease.
371
This report provides an in-depth analysis of the market for petroleum lubricating oil and grease in Denmark.
638
This report provides an in-depth analysis of the global market for petroleum lubricating oil and grease.
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