Price for Lubricating Preparations Not for the Treatment of Materials in Estonia - 2023
Contents:
- Price for Lubricating Preparations Not for the Treatment of Materials in Estonia (CIF) - 2023
- Price for Lubricating Preparations Not for the Treatment of Materials in Estonia (FOB) - 2022
- Imports of Lubricating Preparations Not for the Treatment of Materials in Estonia
- Exports of Lubricating Preparations Not for the Treatment of Materials in Estonia
Price for Lubricating Preparations Not for the Treatment of Materials in Estonia (CIF) - 2023
The average import price for lubricating preparations not for the treatment of materials stood at $4,596 per ton in September 2023, waning by -23.6% against the previous month. In general, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in July 2023 when the average import price increased by 33% against the previous month. Over the period under review, average import prices reached the maximum at $6,016 per ton in August 2023, and then reduced sharply in the following month.
There were significant differences in the average prices amongst the major supplying countries. In September 2023, the country with the highest price was Belgium ($14,814 per ton), while the price for Finland ($2,739 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 Belgium (+24.8%), 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 Estonia (FOB) - 2022
The average export price for lubricating preparations not for the treatment of materials stood at $5,695 per ton in 2022, picking up by 14% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.2%. The pace of growth appeared the most rapid in 2017 when the average export price increased by 30% against the previous year. Over the period under review, the average export prices reached the maximum at $6,158 per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Kyrgyzstan ($9,090 per ton), while the average price for exports to Latvia ($4,084 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 Lebanon (+14.4%), 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 Estonia
For the fourth year in a row, Estonia recorded growth in purchases abroad of lubricating preparations not for the treatment of materials, which increased by 13% to 7.3K tons in 2022. In general, total imports indicated a buoyant increase from 2019 to 2022: its volume increased at an average annual rate of +13.4% 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 +45.7% against 2019 indices. The growth pace was the most rapid in 2021 with an increase of 23% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.
In value terms, imports of lubricating preparations not for the treatment of materials rose remarkably to $36M in 2022. Overall, total imports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +15.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +53.3% against 2019 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 28% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.
| Import of Lubricating Preparations Not for the Treatment of Materials in Estonia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Finland | 0.9 | 5.9 | 7.5 | 8.7 | 113.0% |
| Germany | 5.5 | 5.0 | 7.6 | 8.0 | 13.3% |
| Netherlands | 2.5 | 3.8 | 4.0 | 4.6 | 22.5% |
| Latvia | 0.5 | 2.4 | 2.9 | 2.7 | 75.4% |
| Lithuania | 1.2 | 2.4 | 2.5 | 2.5 | 27.7% |
| Sweden | 1.0 | 1.5 | 1.8 | 2.3 | 32.0% |
| Belgium | 0.6 | 0.8 | 1.1 | 0.9 | 14.5% |
| Others | 11.0 | 3.4 | 4.5 | 5.9 | -18.8% |
| Total | 23.2 | 25.2 | 32.1 | 35.6 | 15.3% |
Top Suppliers of Lubricating Preparations Not for the Treatment of Materials to Estonia in 2022:
- Finland (2242.5 tons)
- Germany (1549.8 tons)
- Netherlands (994.0 tons)
- Lithuania (484.0 tons)
- Belgium (440.5 tons)
- Latvia (424.4 tons)
- Sweden (353.2 tons)
Exports of Lubricating Preparations Not for the Treatment of Materials in Estonia
In 2022, approx. 3.2K tons of lubricating preparations not for the treatment of materials were exported from Estonia; with an increase of 39% compared with the previous year. Overall, total exports indicated buoyant growth from 2019 to 2022: its volume increased at an average annual rate of +14.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +50.8% against 2019 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of lubricating preparations not for the treatment of materials soared to $18M in 2022. Over the period under review, exports continue to indicate a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Lubricating Preparations Not for the Treatment of Materials in Estonia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 2.1 | 1.4 | 1.7 | 4.4 | 28.0% |
| Lithuania | 2.9 | 5.6 | 4.4 | 3.7 | 8.5% |
| Finland | 1.6 | 2.0 | 2.7 | 3.5 | 29.8% |
| Latvia | 1.5 | 1.7 | 1.8 | 2.3 | 15.3% |
| Kyrgyzstan | N/A | N/A | N/A | 1.3 | 0% |
| Kazakhstan | 0.1 | N/A | N/A | 0.6 | 81.7% |
| Germany | N/A | 0.1 | 0.1 | 0.4 | 100.0% |
| Others | 1.0 | 0.7 | 0.7 | 1.8 | 21.6% |
| Total | 9.3 | 11.4 | 11.4 | 18.2 | 25.1% |
Top Export Markets for Lubricating Preparations Not for the Treatment of Materials from Estonia in 2022:
- Finland (817.5 tons)
- Lithuania (764.8 tons)
- Russia (616.3 tons)
- Latvia (560.6 tons)
- Kyrgyzstan (146.6 tons)
- Kazakhstan (107.5 tons)
- Germany (52.9 tons)
128
This report provides an in-depth analysis of the market for petroleum lubricating oil and grease in Estonia.
641
This report provides an in-depth analysis of the global market for petroleum lubricating oil and grease.
128
This report provides an in-depth analysis of the market for petroleum lubricating oil and grease in Estonia.
641
This report provides an in-depth analysis of the global market for petroleum lubricating oil and grease.
Nothing found. Please try again.
