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

Contents:

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

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

The average import price for lubricating preparations not for the treatment of materials stood at $4,072 per ton in 2022, increasing by 18% against the previous year. Overall, import price indicated perceptible growth from 2012 to 2022: its price increased at an average annual rate of +4.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for lubricating preparations not for the treatment of materials increased by +93.8% against 2017 indices. The most prominent rate of growth was recorded in 2019 an increase of 29%. Over the period under review, average import prices reached the maximum in 2022 and is likely to see steady growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($14,987 per ton), while the price for Indonesia ($1,458 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+10.9%), 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 Ethiopia (FOB) - 2022

The average export price for lubricating preparations not for the treatment of materials stood at $3,131 per ton in 2022, shrinking by -44.5% against the previous year. In general, the export price showed a abrupt downturn. The pace of growth was the most pronounced in 2015 an increase of 166% against the previous year. As a result, the export price reached the peak level of $11,428 per ton. From 2016 to 2022, the average 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 Egypt ($4,819 per ton), while the average price for exports to Djibouti amounted to $1,988 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Cote d'Ivoire (0.0%), 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 Ethiopia

In 2022, purchases abroad of lubricating preparations not for the treatment of materials decreased by -23.3% to 2.5K tons for the first time since 2018, thus ending a three-year rising trend. Overall, imports showed a deep setback. The pace of growth appeared the most rapid in 2021 with an increase of 7% against the previous year. As a result, imports attained the peak of 3.3K tons, and then contracted remarkably in the following year.

In value terms, imports of lubricating preparations not for the treatment of materials contracted to $10M in 2022. The total import value increased at an average annual rate of +6.2% over the period from 2019 to 2022; 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 37% against the previous year. As a result, imports reached the peak of $11M, and then reduced in the following year.

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

1. Kenya (676.0 tons)
2. China (548.6 tons)
3. Indonesia (210.0 tons)
4. India (145.4 tons)
5. United States (141.9 tons)
6. United Arab Emirates (106.3 tons)
7. Turkey (103.4 tons)
8. Belgium (96.1 tons)
9. Netherlands (90.6 tons)
10. South Africa (77.5 tons)
11. Germany (62.9 tons)
12. Egypt (59.2 tons)
13. Italy (48.4 tons)

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

In 2022, the amount of lubricating preparations not for the treatment of materials exported from Ethiopia skyrocketed to 41 tons, jumping by 972% against the previous year's figure. Over the period under review, exports saw significant growth. As a result, the exports reached 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 $127K in 2022. Overall, exports enjoyed significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

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

1. Djibouti (24.0 tons)
2. Egypt (16.3 tons)