Price for Lubricating Preparations Not for the Treatment of Materials in Ecuador - 2022
Contents:
- Price for Lubricating Preparations Not for the Treatment of Materials in Ecuador (CIF) - 2022
- Price for Lubricating Preparations Not for the Treatment of Materials in Ecuador (FOB) - 2022
- Imports of Lubricating Preparations Not for the Treatment of Materials in Ecuador
- Exports of Lubricating Preparations Not for the Treatment of Materials in Ecuador
Price for Lubricating Preparations Not for the Treatment of Materials in Ecuador (CIF) - 2022
The average import price for lubricating preparations not for the treatment of materials stood at $3,015 per ton in 2022, rising by 5.2% against the previous year. In general, the import price, however, recorded a perceptible downturn. The pace of growth appeared the most rapid in 2019 an increase of 13%. Over the period under review, average import prices reached the maximum at $3,859 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Brazil ($5,760 per ton), while the price for Colombia ($2,196 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+4.1%), 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 Ecuador (FOB) - 2022
The average export price for lubricating preparations not for the treatment of materials stood at $6,997 per ton in 2022, surging by 64% against the previous year. Over the period under review, the export price showed resilient growth. The most prominent rate of growth was recorded in 2018 an increase of 144% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is likely to continue growth in the near future.
Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Peru ($7,227 per ton), while the average price for exports to Colombia amounted to $6,133 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Colombia (+7.3%), 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 Ecuador
In 2022, after three years of growth, there was significant decline in purchases abroad of lubricating preparations not for the treatment of materials, when their volume decreased by -8% to 21K tons. Over the period under review, imports, however, saw a resilient expansion. The pace of growth appeared the most rapid in 2021 with an increase of 71% against the previous year. As a result, imports reached the peak of 22K tons, and then shrank in the following year.
In value terms, imports of lubricating preparations not for the treatment of materials fell modestly to $62M in 2022. In general, total imports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +10.9% 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 +44.1% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 49% against the previous year. As a result, imports attained the peak of $64M, and then declined slightly in the following year.
| Import of Lubricating Preparations Not for the Treatment of Materials in Ecuador (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 29.6 | 27.7 | 32.3 | 23.2 | -7.8% |
| France | 2.3 | 2.6 | 6.0 | 11.9 | 73.0% |
| Italy | 0.7 | 0.8 | 3.1 | 9.4 | 137.7% |
| Brazil | 0.4 | 0.7 | 1.4 | 3.1 | 97.9% |
| Colombia | 1.1 | 0.9 | 1.5 | 2.1 | 24.1% |
| China | 1.2 | 0.6 | 1.4 | 1.8 | 14.5% |
| Spain | 0.8 | 0.8 | 0.9 | 1.5 | 23.3% |
| India | N/A | N/A | N/A | 0.7 | 0% |
| Others | 9.3 | 8.9 | 17.3 | 8.2 | -4.1% |
| Total | 45.4 | 43.0 | 64.0 | 61.9 | 10.9% |
Top Suppliers of Lubricating Preparations Not for the Treatment of Materials to Ecuador in 2022:
- United States (9.3K tons)
- Italy (4.1K tons)
- France (2.6K tons)
- Colombia (1.0K tons)
- Brazil (0.5K tons)
- China (0.5K tons)
- Spain (0.4K tons)
- India (0.3K tons)
Exports of Lubricating Preparations Not for the Treatment of Materials in Ecuador
In 2022, exports of lubricating preparations not for the treatment of materials from Ecuador soared to 122 tons, increasing by 190% against 2021. Overall, exports posted a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 240%. As a result, the exports attained the peak of 176 tons. From 2021 to 2022, the growth of the exports of remained at a lower figure.
In value terms, exports of lubricating preparations not for the treatment of materials surged to $853K in 2022. Over the period under review, exports posted a significant expansion. The pace of growth was the most pronounced in 2020 when exports increased by 444% against the previous year. As a result, the exports attained the peak of $991K. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
| Export of Lubricating Preparations Not for the Treatment of Materials in Ecuador (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Peru | 136 | 177 | 126 | 515 | 55.9% |
| Colombia | 33.9 | 115 | 49.7 | 304 | 107.8% |
| China | N/A | 577 | N/A | N/A | 0% |
| Others | 12.6 | 122 | 3.9 | 34.0 | 39.2% |
| Total | 182 | 991 | 179 | 853 | 67.4% |
Top Export Markets for Lubricating Preparations Not for the Treatment of Materials from Ecuador in 2022:
- Peru (71.2 tons)
- Colombia (49.6 tons)
299
This report provides an in-depth analysis of the market for petroleum lubricating oil and grease in Ecuador.
638
This report provides an in-depth analysis of the global market for petroleum lubricating oil and grease.
299
This report provides an in-depth analysis of the market for petroleum lubricating oil and grease in Ecuador.
638
This report provides an in-depth analysis of the global market for petroleum lubricating oil and grease.
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