Price for Lubricating Preparations Not for the Treatment of Materials in Greece - 2023
Contents:
- Price for Lubricating Preparations Not for the Treatment of Materials in Greece (CIF) - 2023
- Price for Lubricating Preparations Not for the Treatment of Materials in Greece (FOB) - 2023
- Imports of Lubricating Preparations Not for the Treatment of Materials in Greece
- Exports of Lubricating Preparations Not for the Treatment of Materials in Greece
Price for Lubricating Preparations Not for the Treatment of Materials in Greece (CIF) - 2023
In September 2023, the average import price for lubricating preparations not for the treatment of materials amounted to $5,264 per ton, increasing by 2.6% against the previous month. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in January 2023 when the average import price increased by 17% month-to-month. Over the period under review, average import prices attained the maximum at $5,768 per ton in April 2023; however, from May 2023 to September 2023, import prices stood at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Belgium ($9,267 per ton), while the price for Cyprus ($2,204 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 (+3.5%), 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 Greece (FOB) - 2023
The average export price for lubricating preparations not for the treatment of materials stood at $5,150 per ton in September 2023, surging by 58% against the previous month. Overall, export price indicated a temperate expansion from September 2022 to September 2023: its price increased at an average monthly rate of +2.0% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on September 2023 figures, export price for lubricating preparations not for the treatment of materials increased by +58.4% against July 2023 indices. Over the period under review, the average export prices reached the peak figure at $5,625 per ton in January 2023; however, from February 2023 to September 2023, the export prices failed to regain momentum.
There were significant differences in the average prices for the major foreign markets. In September 2023, the country with the highest price was Spain ($12,773 per ton), while the average price for exports to Tunisia ($2,288 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Spain (+11.6%), 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 Greece
In 2022, imports of lubricating preparations not for the treatment of materials into Greece fell to 14K tons, waning by -8.4% compared with 2021 figures. Over the period under review, imports continue to indicate a pronounced contraction. The most prominent rate of growth was recorded in 2021 when imports increased by 14%. As a result, imports attained the peak of 15K tons, and then contracted in the following year.
In value terms, imports of lubricating preparations not for the treatment of materials shrank to $55M in 2022. The total import value increased at an average annual rate of +5.0% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 19% against the previous year. As a result, imports attained the peak of $56M, and then shrank slightly in the following year.
| Import of Lubricating Preparations Not for the Treatment of Materials in Greece (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 16.7 | 15.3 | 22.6 | 21.3 | 8.4% |
| Italy | 4.6 | 6.3 | 8.2 | 8.0 | 20.3% |
| United Kingdom | 8.8 | 9.2 | 6.1 | 6.0 | -12.0% |
| Belgium | 4.3 | 4.5 | 5.4 | 5.9 | 11.1% |
| France | 4.1 | 2.9 | 4.0 | 2.5 | -15.2% |
| Netherlands | 1.4 | 1.1 | 1.8 | 2.3 | 18.0% |
| United States | 1.5 | 1.8 | 2.4 | 2.0 | 10.1% |
| Bulgaria | 0.8 | 0.6 | 0.4 | 1.4 | 20.5% |
| Lithuania | 0.6 | 0.8 | 0.9 | 1.0 | 18.6% |
| Switzerland | 1.2 | 1.2 | 1.3 | 0.3 | -37.0% |
| Others | 3.4 | 3.8 | 3.3 | 3.9 | 4.7% |
| Total | 47.2 | 47.3 | 56.4 | 54.6 | 5.0% |
Top Suppliers of Lubricating Preparations Not for the Treatment of Materials to Greece in 2022:
- Germany (6.1K tons)
- Italy (2.4K tons)
- United Kingdom (1.1K tons)
- Belgium (1.1K tons)
- France (0.6K tons)
- Netherlands (0.5K tons)
- United States (0.3K tons)
- Lithuania (0.3K tons)
- Bulgaria (0.3K tons)
- Switzerland (0.1K tons)
Exports of Lubricating Preparations Not for the Treatment of Materials in Greece
In 2022, approx. 5.4K tons of lubricating preparations not for the treatment of materials were exported from Greece; rising by 69% compared with the previous year's figure. Overall, exports saw significant growth. The pace of growth appeared the most rapid in 2020 when exports increased by 952% against the previous year. As a result, the exports attained the peak of 13K 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 skyrocketed to $18M in 2022. Over the period under review, exports continue to indicate significant growth. The pace of growth appeared the most rapid in 2020 with an increase of 246% against the previous year. As a result, the exports reached the peak of $25M. 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 Greece (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Algeria | N/A | 16.0 | 1.5 | 7.7 | -30.6% |
| Cyprus | 1.2 | 1.5 | 2.2 | 2.1 | 20.5% |
| Singapore | N/A | 0.2 | 0.8 | 1.0 | 123.6% |
| Spain | N/A | N/A | N/A | 0.6 | 0% |
| Bulgaria | 0.7 | 0.4 | 0.4 | 0.6 | -5.0% |
| Romania | 0.1 | 0.4 | 0.8 | 0.4 | 58.7% |
| United Arab Emirates | N/A | N/A | 0.3 | 0.4 | 33.3% |
| Austria | 0.3 | 0.1 | N/A | 0.4 | 10.1% |
| Tunisia | N/A | N/A | 0.1 | 0.3 | 200.0% |
| Albania | 0.1 | 0.1 | 0.1 | 0.1 | 0.0% |
| Others | 4.6 | 5.9 | 5.8 | 3.8 | -6.2% |
| Total | 7.1 | 24.5 | 12.0 | 17.5 | 35.1% |
Top Export Markets for Lubricating Preparations Not for the Treatment of Materials from Greece in 2022:
- Algeria (3444.8 tons)
- Cyprus (406.0 tons)
- Singapore (205.0 tons)
- Tunisia (168.8 tons)
- Romania (131.8 tons)
- United Arab Emirates (92.5 tons)
- Spain (89.0 tons)
- Bulgaria (87.9 tons)
- Albania (83.5 tons)
- Austria (81.2 tons)
340
This report provides an in-depth analysis of the market for petroleum lubricating oil and grease in Greece.
628
This report provides an in-depth analysis of the global market for petroleum lubricating oil and grease.
340
This report provides an in-depth analysis of the market for petroleum lubricating oil and grease in Greece.
628
This report provides an in-depth analysis of the global market for petroleum lubricating oil and grease.
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