Price for Lubricating Preparations Not for the Treatment of Materials in Hong Kong SAR - 2023
Contents:
- Price for Lubricating Preparations Not for the Treatment of Materials in Hong Kong SAR (CIF) - 2022
- Price for Lubricating Preparations Not for the Treatment of Materials in Hong Kong SAR (FOB) - 2022
- Imports of Lubricating Preparations Not for the Treatment of Materials in Hong Kong SAR
- Exports of Lubricating Preparations Not for the Treatment of Materials in Hong Kong SAR
Price for Lubricating Preparations Not for the Treatment of Materials in Hong Kong SAR (CIF) - 2022
The average import price for lubricating preparations not for the treatment of materials stood at $5,513 per ton in 2022, growing by 14% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the average import price increased by 29% against the previous year. The import price peaked at $5,598 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.
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 Japan ($25,842 per ton), while the price for Taiwan (Chinese) ($1,930 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+8.6%), 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 Hong Kong SAR (FOB) - 2022
The average export price for lubricating preparations not for the treatment of materials stood at $6,675 per ton in 2022, picking up by 36% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.8%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Vietnam ($11,121 per ton), while the average price for exports to Thailand ($1,034 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 Macao SAR (+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 Hong Kong SAR
In 2022, imports of lubricating preparations not for the treatment of materials into Hong Kong SAR reduced notably to 30K tons, dropping by -24.6% compared with the year before. Over the period under review, imports showed a abrupt curtailment. The most prominent rate of growth was recorded in 2021 when imports increased by 12% against the previous year. As a result, imports reached the peak of 39K tons, and then shrank notably in the following year.
In value terms, imports of lubricating preparations not for the treatment of materials contracted to $163M in 2022. In general, imports recorded a pronounced decrease. The most prominent rate of growth was recorded in 2021 when imports increased by 45% against the previous year. As a result, imports attained the peak of $190M, and then contracted in the following year.
| Import of Lubricating Preparations Not for the Treatment of Materials in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 55.1 | 20.2 | 55.2 | 49.3 | -3.6% |
| Japan | 30.6 | 28.6 | 31.5 | 33.2 | 2.8% |
| China | 30.3 | 26.8 | 36.5 | 23.3 | -8.4% |
| Singapore | 17.7 | 15.7 | 10.8 | 14.8 | -5.8% |
| Germany | 14.1 | 12.0 | 15.0 | 14.5 | 0.9% |
| Taiwan (Chinese) | 8.7 | 8.0 | 8.2 | 6.6 | -8.8% |
| Thailand | 2.2 | 3.1 | 4.2 | 3.4 | 15.6% |
| Others | 20.3 | 16.9 | 28.9 | 18.3 | -3.4% |
| Total | 179 | 131 | 190 | 163 | -3.1% |
Top Suppliers of Lubricating Preparations Not for the Treatment of Materials to Hong Kong SAR in 2022:
- United States (6.1K tons)
- Singapore (6.0K tons)
- China (4.1K tons)
- Taiwan (Chinese) (3.4K tons)
- Germany (2.5K tons)
- Thailand (1.8K tons)
- Japan (1.3K tons)
Exports of Lubricating Preparations Not for the Treatment of Materials in Hong Kong SAR
In 2022, approx. 20K tons of lubricating preparations not for the treatment of materials were exported from Hong Kong SAR; waning by -49.7% against 2021. In general, exports saw a abrupt setback. The most prominent rate of growth was recorded in 2021 when exports increased by 32%. As a result, the exports attained the peak of 40K tons, and then reduced sharply in the following year.
In value terms, exports of lubricating preparations not for the treatment of materials contracted remarkably to $135M in 2022. Over the period under review, exports saw a deep setback. The most prominent rate of growth was recorded in 2021 with an increase of 44% against the previous year. As a result, the exports reached the peak of $197M, and then declined markedly in the following year.
| Export of Lubricating Preparations Not for the Treatment of Materials in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 142 | 106 | 159 | 99.1 | -11.3% |
| Singapore | 1.0 | 1.9 | 2.4 | 7.9 | 99.2% |
| Taiwan (Chinese) | 2.8 | 4.5 | 5.0 | 5.4 | 24.5% |
| Vietnam | 7.6 | 5.9 | 6.6 | 5.2 | -11.9% |
| Japan | 4.5 | 5.9 | 11.4 | 3.2 | -10.7% |
| South Korea | 3.5 | 3.3 | 2.2 | 3.1 | -4.0% |
| Macao SAR | 3.9 | 2.6 | 2.6 | 2.5 | -13.8% |
| Russia | 0.1 | 0.1 | 0.2 | 2.2 | 180.2% |
| Thailand | 0.5 | 0.8 | 1.1 | 0.9 | 21.6% |
| India | 0.1 | 0.5 | 1.3 | 0.7 | 91.3% |
| Others | 4.9 | 4.9 | 5.6 | 4.4 | -3.5% |
| Total | 171 | 137 | 197 | 135 | -7.6% |
Top Export Markets for Lubricating Preparations Not for the Treatment of Materials from Hong Kong SAR in 2022:
- China (10.7K tons)
- South Korea (2.3K tons)
- Taiwan (Chinese) (1.3K tons)
- Singapore (0.9K tons)
- Thailand (0.9K tons)
- Japan (0.8K tons)
- Russia (0.7K tons)
- India (0.6K tons)
- Vietnam (0.5K tons)
- Macao SAR (0.5K tons)
280
This report provides an in-depth analysis of the market for petroleum lubricating oil and grease in Hong Kong SAR, China.
638
This report provides an in-depth analysis of the global market for petroleum lubricating oil and grease.
280
This report provides an in-depth analysis of the market for petroleum lubricating oil and grease in Hong Kong SAR, China.
638
This report provides an in-depth analysis of the global market for petroleum lubricating oil and grease.
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