Price for Lubricating Preparations Not for the Treatment of Materials in Guatemala - 2023
Contents:
- Price for Lubricating Preparations Not for the Treatment of Materials in Guatemala (CIF) - 2023
- Price for Lubricating Preparations Not for the Treatment of Materials in Guatemala (FOB) - 2022
- Imports of Lubricating Preparations Not for the Treatment of Materials in Guatemala
- Exports of Lubricating Preparations Not for the Treatment of Materials in Guatemala
Price for Lubricating Preparations Not for the Treatment of Materials in Guatemala (CIF) - 2023
The average import price for lubricating preparations not for the treatment of materials stood at $6,546 per ton in October 2023, surging by 43% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +1.7%. The pace of growth was the most pronounced in January 2023 an increase of 45% m-o-m. As a result, import price reached the peak level of $6,664 per ton. From February 2023 to October 2023, the average import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In October 2023, the country with the highest price was Germany ($14,434 per ton), while the price for Italy ($2,149 per ton) was amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by Germany (+9.9%), 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 Guatemala (FOB) - 2022
The average export price for lubricating preparations not for the treatment of materials stood at $4,105 per ton in 2022, shrinking by -17.6% against the previous year. In general, export price indicated a tangible expansion from 2012 to 2022: its price increased at an average annual rate of +2.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2017 when the average export price increased by 47%. Over the period under review, the average export prices reached the peak figure at $4,981 per ton in 2021, and then declined significantly in the following year.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Belize ($4,738 per ton), while the average price for exports to Panama ($2,023 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 Nicaragua (+5.4%), 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 Guatemala
Imports of lubricating preparations not for the treatment of materials into Guatemala amounted to 8.5K tons in 2022, picking up by 5.7% against the previous year's figure. The total import volume increased at an average annual rate of +5.4% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 21%. Imports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, imports of lubricating preparations not for the treatment of materials surged to $39M in 2022. Over the period under review, total imports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +14.8% 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 +59.3% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 30%. Over the period under review, imports of lubricating preparations not for treatment of materials reached the maximum in 2022 and are likely to see steady growth in years to come.
| Import of Lubricating Preparations Not for the Treatment of Materials in Guatemala (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 6.9 | 8.0 | 10.0 | 12.4 | 21.6% |
| France | 4.0 | 3.2 | 3.8 | 6.8 | 19.3% |
| Mexico | 5.4 | 4.2 | 6.1 | 6.0 | 3.6% |
| Germany | 1.9 | 1.3 | 2.3 | 3.2 | 19.0% |
| China | 0.2 | 0.3 | 0.6 | 1.7 | 104.1% |
| Costa Rica | 2.2 | 2.1 | 2.2 | 1.5 | -12.0% |
| Spain | 0.7 | 0.6 | 0.7 | 1.1 | 16.3% |
| Italy | 0.6 | 0.3 | 0.5 | 1.0 | 18.6% |
| Others | 3.6 | 4.3 | 5.4 | 4.9 | 10.8% |
| Total | 25.5 | 24.3 | 31.5 | 38.7 | 14.9% |
Top Suppliers of Lubricating Preparations Not for the Treatment of Materials to Guatemala in 2022:
- France (1918.8 tons)
- Mexico (1831.0 tons)
- United States (1647.0 tons)
- Germany (495.6 tons)
- Costa Rica (480.5 tons)
- China (424.3 tons)
- Italy (308.2 tons)
- Spain (266.9 tons)
Exports of Lubricating Preparations Not for the Treatment of Materials in Guatemala
In 2022, exports of lubricating preparations not for the treatment of materials from Guatemala expanded notably to 444 tons, growing by 11% against 2021 figures. The total export volume increased at an average annual rate of +2.0% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. 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 dropped to $1.8M in 2022. The total export value increased at an average annual rate of +1.9% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The growth pace was the most rapid in 2020 with an increase of 14%.
| Export of Lubricating Preparations Not for the Treatment of Materials in Guatemala (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| El Salvador | 646 | 544 | 602 | 587 | -3.1% |
| Belize | 674 | 764 | 913 | 513 | -8.7% |
| Honduras | 187 | 469 | 276 | 358 | 24.2% |
| Panama | 63.0 | 58.7 | 79.6 | 191 | 44.7% |
| Nicaragua | 37.1 | 37.5 | 63.2 | 142 | 56.4% |
| Others | 116 | 83.0 | 65.7 | 30.4 | -36.0% |
| Total | 1,723 | 1,957 | 1,999 | 1,822 | 1.9% |
Top Export Markets for Lubricating Preparations Not for the Treatment of Materials from Guatemala in 2022:
- El Salvador (127.4 tons)
- Belize (108.3 tons)
- Panama (94.2 tons)
- Honduras (76.6 tons)
- Nicaragua (33.1 tons)
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This report provides an in-depth analysis of the market for petroleum lubricating oil and grease in Guatemala.
638
This report provides an in-depth analysis of the global market for petroleum lubricating oil and grease.
82
This report provides an in-depth analysis of the market for petroleum lubricating oil and grease in Guatemala.
638
This report provides an in-depth analysis of the global market for petroleum lubricating oil and grease.
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