Price for Lubricating Preparations Not for the Treatment of Materials in Egypt - 2023
Contents:
- Price for Lubricating Preparations Not for the Treatment of Materials in Egypt (CIF) - 2023
- Price for Lubricating Preparations Not for the Treatment of Materials in Egypt (FOB) - 2022
- Imports of Lubricating Preparations Not for the Treatment of Materials in Egypt
- Exports of Lubricating Preparations Not for the Treatment of Materials in Egypt
Price for Lubricating Preparations Not for the Treatment of Materials in Egypt (CIF) - 2023
In September 2023, the average import price for lubricating preparations not for the treatment of materials amounted to $5,898 per ton, falling by -6.6% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +1.2%. The most prominent rate of growth was recorded in June 2023 when the average import price increased by 14% against the previous month. Over the period under review, average import prices attained the peak figure at $6,318 per ton in August 2023, and then declined in the following month.
Prices varied noticeably by the country of origin: the country with the highest price was the UK ($8,160 per ton), while the price for Germany ($5,319 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 (+3.9%), 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 Egypt (FOB) - 2022
In 2022, the average export price for lubricating preparations not for the treatment of materials amounted to $3,831 per ton, shrinking by -8% against the previous year. Overall, the export price, however, continues to indicate a perceptible expansion. The pace of growth appeared the most rapid in 2016 an increase of 265% against the previous year. As a result, the export price attained the peak level of $6,920 per ton. From 2017 to 2022, the average export prices remained at a lower figure.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($5,310 per ton), while the average price for exports to Somalia ($1,560 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 the Netherlands (+125.3%), 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 Egypt
In 2022, overseas purchases of lubricating preparations not for the treatment of materials were finally on the rise to reach 14K tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports, however, faced a abrupt shrinkage.
In value terms, imports of lubricating preparations not for the treatment of materials soared to $71M in 2022. In general, imports, however, saw a noticeable curtailment.
| Import of Lubricating Preparations Not for the Treatment of Materials in Egypt (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 12.7 | 10.1 | 11.1 | 18.6 | 13.6% |
| France | 7.6 | 2.7 | 1.7 | 10.7 | 12.1% |
| United States | 16.5 | 9.6 | 5.2 | 7.6 | -22.8% |
| Italy | 7.2 | 3.3 | 2.8 | 4.9 | -12.0% |
| Belgium | 5.4 | 2.2 | 2.6 | 4.9 | -3.2% |
| United Arab Emirates | 2.6 | 0.8 | 1.7 | 3.5 | 10.4% |
| Spain | 6.2 | 4.6 | 5.4 | 3.5 | -17.4% |
| Israel | 0.2 | N/A | 0.6 | 2.3 | 125.7% |
| United Kingdom | 4.0 | 2.7 | 0.3 | 2.2 | -18.1% |
| China | 1.1 | 1.1 | 1.7 | 2.1 | 24.1% |
| Canada | 4.2 | 0.3 | 0.1 | 0.2 | -63.8% |
| Lithuania | 1.3 | 0.4 | 1.4 | 0.1 | -57.5% |
| Saudi Arabia | 3.0 | 1.0 | 0.3 | N/A | -68.4% |
| Others | 9.4 | 8.3 | 13.2 | 10.4 | 3.4% |
| Total | 81.3 | 47.2 | 48.1 | 71.2 | -4.3% |
Top Suppliers of Lubricating Preparations Not for the Treatment of Materials to Egypt in 2022:
- Germany (3626.9 tons)
- France (2017.7 tons)
- United States (1285.1 tons)
- Belgium (913.2 tons)
- Israel (810.3 tons)
- Italy (796.2 tons)
- United Arab Emirates (677.1 tons)
- Spain (617.5 tons)
- China (422.9 tons)
- United Kingdom (422.0 tons)
- Canada (27.4 tons)
- Lithuania (22.9 tons)
- Saudi Arabia (0.3 tons)
Exports of Lubricating Preparations Not for the Treatment of Materials in Egypt
In 2022, shipments abroad of lubricating preparations not for the treatment of materials decreased by -11.5% to 520 tons, falling for the second consecutive year after two years of growth. Overall, exports recorded a abrupt decline. The pace of growth appeared the most rapid in 2020 when exports increased by 155% against the previous year. As a result, the exports attained the peak of 1.7K tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.
In value terms, exports of lubricating preparations not for the treatment of materials declined notably to $2M in 2022. Over the period under review, exports, however, posted buoyant growth. The growth pace was the most rapid in 2020 with an increase of 288%. As a result, the exports reached the peak of $4.9M. From 2021 to 2022, the growth of the exports of remained at a lower figure.
| Export of Lubricating Preparations Not for the Treatment of Materials in Egypt (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 1,012 | 2,340 | 2,025 | 1,047 | 1.1% |
| Morocco | N/A | 28.6 | N/A | 211 | 171.6% |
| Palestine | N/A | N/A | 1.3 | 148 | 11284.6% |
| Kenya | 15.3 | 119 | 17.4 | 135 | 106.6% |
| Cote d'Ivoire | 14.1 | 41.5 | 30.4 | 124 | 106.4% |
| Iraq | N/A | 8.9 | 2.1 | 90.3 | 218.5% |
| Somalia | 5.4 | 61.1 | 25.4 | 67.0 | 131.5% |
| Libya | 69.3 | 404 | 17.5 | 51.2 | -9.6% |
| China | N/A | 267 | 49.5 | N/A | -81.5% |
| Japan | N/A | 905 | 58.0 | N/A | -93.6% |
| Ethiopia | 95.2 | 21.0 | N/A | N/A | -77.9% |
| Saudi Arabia | 21.6 | 317 | N/A | N/A | 1367.6% |
| Others | 20.1 | 353 | 218 | 116 | 79.4% |
| Total | 1,253 | 4,867 | 2,445 | 1,991 | 16.7% |
Top Export Markets for Lubricating Preparations Not for the Treatment of Materials from Egypt in 2022:
- United Arab Emirates (197.2 tons)
- Kenya (54.7 tons)
- Cote d'Ivoire (50.2 tons)
- Iraq (49.8 tons)
- Somalia (42.9 tons)
- Morocco (39.9 tons)
- Palestine (28.0 tons)
- Libya (20.7 tons)
384
This report provides an in-depth analysis of the market for petroleum lubricating oil and grease in Egypt.
638
This report provides an in-depth analysis of the global market for petroleum lubricating oil and grease.
384
This report provides an in-depth analysis of the market for petroleum lubricating oil and grease in Egypt.
638
This report provides an in-depth analysis of the global market for petroleum lubricating oil and grease.
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