Price for Lubricating Preparations Not for the Treatment of Materials in Finland - 2023
Contents:
- Price for Lubricating Preparations Not for the Treatment of Materials in Finland (CIF) - 2023
- Price for Lubricating Preparations Not for the Treatment of Materials in Finland (FOB) - 2022
- Imports of Lubricating Preparations Not for the Treatment of Materials in Finland
- Exports of Lubricating Preparations Not for the Treatment of Materials in Finland
Price for Lubricating Preparations Not for the Treatment of Materials in Finland (CIF) - 2023
In September 2023, the average import price for lubricating preparations not for the treatment of materials amounted to $5,211 per ton, surging by 2.1% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +1.5%. The most prominent rate of growth was recorded in December 2022 when the average import price increased by 18% m-o-m. Over the period under review, average import prices reached the maximum at $5,629 per ton in May 2023; however, from June 2023 to September 2023, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In September 2023, the country with the highest price was Germany ($6,742 per ton), while the price for Belgium ($3,937 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 France (+4.5%), 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 Finland (FOB) - 2022
The average export price for lubricating preparations not for the treatment of materials stood at $5,858 per ton in 2022, which is down by -16.6% against the previous year. Overall, the export price showed a pronounced downturn. The pace of growth appeared the most rapid in 2021 an increase of 25% against the previous year. Over the period under review, the average export prices hit record highs at $7,239 per ton in 2012; however, from 2013 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 Kazakhstan ($9,783 per ton), while the average price for exports to Sweden ($3,962 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 Ukraine (+2.2%), 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 Finland
For the third consecutive year, Finland recorded decline in overseas purchases of lubricating preparations not for the treatment of materials, which decreased by -4.2% to 32K tons in 2022. In general, imports continue to indicate a abrupt shrinkage.
In value terms, imports of lubricating preparations not for the treatment of materials fell modestly to $144M in 2022. Overall, imports continue to indicate a perceptible descent. The pace of growth appeared the most rapid in 2021 when imports increased by 8.7%.
| Import of Lubricating Preparations Not for the Treatment of Materials in Finland (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 39.4 | 32.9 | 37.9 | 30.8 | -7.9% |
| Sweden | 19.0 | 24.0 | 27.6 | 24.3 | 8.5% |
| Netherlands | 41.1 | 22.8 | 18.0 | 17.3 | -25.1% |
| United Kingdom | 12.5 | 13.5 | 14.2 | 15.0 | 6.3% |
| France | 21.1 | 20.7 | 22.2 | 14.6 | -11.6% |
| Belgium | 6.2 | 5.6 | 12.0 | 11.4 | 22.5% |
| Lithuania | 1.1 | 1.6 | 2.2 | 7.9 | 92.9% |
| Italy | 1.1 | 1.3 | 3.2 | 4.5 | 59.9% |
| United States | 7.0 | 5.9 | 2.0 | 2.8 | -26.3% |
| Others | 8.9 | 9.9 | 11.0 | 15.1 | 19.3% |
| Total | 157 | 138 | 150 | 144 | -2.8% |
Top Suppliers of Lubricating Preparations Not for the Treatment of Materials to Finland in 2022:
- Germany (5.4K tons)
- Sweden (4.6K tons)
- Netherlands (4.4K tons)
- France (4.4K tons)
- Belgium (3.5K tons)
- United Kingdom (3.3K tons)
- Lithuania (2.1K tons)
- Italy (1.5K tons)
- United States (0.3K tons)
Exports of Lubricating Preparations Not for the Treatment of Materials in Finland
For the third consecutive year, Finland recorded decline in shipments abroad of lubricating preparations not for the treatment of materials, which decreased by -35.6% to 14K tons in 2022. Over the period under review, exports showed a sharp reduction. The smallest decline of -17.7% was in 2021.
In value terms, exports of lubricating preparations not for the treatment of materials fell sharply to $81M in 2022. Overall, exports faced a sharp reduction. The pace of growth appeared the most rapid in 2021 with an increase of 2.6%.
| Export of Lubricating Preparations Not for the Treatment of Materials in Finland (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Sweden | 14.1 | 16.1 | 13.0 | 23.3 | 18.2% |
| Russia | 112 | 106 | 113 | 22.5 | -41.4% |
| Estonia | 4.9 | 6.8 | 6.4 | 8.3 | 19.2% |
| Kazakhstan | 2.2 | 0.6 | 0.3 | 4.9 | 30.6% |
| Ukraine | 8.5 | 7.5 | 8.1 | 3.8 | -23.5% |
| Lithuania | 6.4 | 3.2 | 2.0 | 3.4 | -19.0% |
| Germany | 3.2 | N/A | N/A | 2.9 | -3.2% |
| Latvia | 1.9 | 1.6 | 2.1 | 2.4 | 8.1% |
| Georgia | 0.1 | 0.3 | 0.6 | 2.1 | 175.9% |
| Poland | 2.6 | 0.9 | 0.3 | 0.9 | -29.8% |
| Others | 5.3 | 3.8 | 5.0 | 6.6 | 7.6% |
| Total | 162 | 147 | 151 | 81.1 | -20.6% |
Top Export Markets for Lubricating Preparations Not for the Treatment of Materials from Finland in 2022:
- Sweden (5.9K tons)
- Russia (3.1K tons)
- Estonia (1.3K tons)
- Germany (0.7K tons)
- Lithuania (0.6K tons)
- Ukraine (0.5K tons)
- Kazakhstan (0.5K tons)
- Latvia (0.3K tons)
- Georgia (0.2K tons)
- Poland (0.2K tons)
289
This report provides an in-depth analysis of the market for petroleum lubricating oil and grease in Finland.
638
This report provides an in-depth analysis of the global market for petroleum lubricating oil and grease.
289
This report provides an in-depth analysis of the market for petroleum lubricating oil and grease in Finland.
638
This report provides an in-depth analysis of the global market for petroleum lubricating oil and grease.
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