Price for Lubricating Preparations Not for the Treatment of Materials in Indonesia - 2022
Contents:
- Price for Lubricating Preparations Not for the Treatment of Materials in Indonesia (CIF) - 2022
- Price for Lubricating Preparations Not for the Treatment of Materials in Indonesia (FOB) - 2022
- Imports of Lubricating Preparations Not for the Treatment of Materials in Indonesia
- Exports of Lubricating Preparations Not for the Treatment of Materials in Indonesia
Price for Lubricating Preparations Not for the Treatment of Materials in Indonesia (CIF) - 2022
The average import price for lubricating preparations not for the treatment of materials stood at $4,380 per ton in March 2022, declining by -8.2% against the previous month. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in October 2021 when the average import price increased by 56% m-o-m. As a result, import price attained the peak level of $7,406 per ton. From November 2021 to March 2022, the average import prices remained at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In March 2022, the country with the highest price was the United States ($6,839 per ton), while the price for Malaysia ($1,390 per ton) was amongst the lowest.
From March 2021 to March 2022, the most notable rate of growth in terms of prices was attained by India (+10.1%), 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 Indonesia (FOB) - 2022
In 2022, the average export price for lubricating preparations not for the treatment of materials amounted to $1,999 per ton, picking up by 10% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.2%. The most prominent rate of growth was recorded in 2013 an increase of 16%. Over the period under review, the average export prices reached the peak figure at $2,068 per ton in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Vietnam ($2,537 per ton), while the average price for exports to China ($1,245 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 the Philippines (+6.0%), 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 Indonesia
In 2022, the amount of lubricating preparations not for the treatment of materials imported into Indonesia rose significantly to 59K tons, surging by 6.6% on the previous year. The total import volume increased at an average annual rate of +1.9% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations in certain years. The pace of growth appeared the most rapid in 2021 when imports increased by 21%. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.
In value terms, imports of lubricating preparations not for the treatment of materials rose remarkably to $288M in 2022. The total import value increased at an average annual rate of +4.9% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 26%. Imports peaked in 2022 and are likely to continue growth in the near future.
| Import of Lubricating Preparations Not for the Treatment of Materials in Indonesia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 70.2 | 52.5 | 69.4 | 68.1 | -1.0% |
| Singapore | 38.9 | 41.0 | 42.9 | 45.6 | 5.4% |
| United States | 34.5 | 26.3 | 31.8 | 40.7 | 5.7% |
| China | 27.5 | 21.1 | 29.4 | 36.0 | 9.4% |
| Germany | 21.8 | 21.5 | 24.2 | 29.5 | 10.6% |
| France | 8.2 | 4.7 | 9.6 | 11.3 | 11.3% |
| Thailand | 2.9 | 4.0 | 10.4 | 8.1 | 40.8% |
| South Korea | 8.1 | 5.7 | 7.4 | 7.9 | -0.8% |
| Malaysia | 5.9 | 6.4 | 7.4 | 5.3 | -3.5% |
| Taiwan (Chinese) | 4.2 | 2.8 | 4.2 | 4.0 | -1.6% |
| Vietnam | 11.2 | 6.1 | 2.9 | 3.7 | -30.9% |
| Italy | 2.5 | 1.4 | 2.4 | 3.1 | 7.4% |
| Others | 13.8 | 12.6 | 17.4 | 25.0 | 21.9% |
| Total | 250 | 206 | 259 | 288 | 4.8% |
Top Suppliers of Lubricating Preparations Not for the Treatment of Materials to Indonesia in 2022:
- Japan (14.1K tons)
- China (12.2K tons)
- Singapore (5.3K tons)
- United States (4.6K tons)
- Germany (4.4K tons)
- Malaysia (3.5K tons)
- South Korea (2.7K tons)
- Thailand (2.2K tons)
- France (2.1K tons)
- Taiwan (Chinese) (1.3K tons)
- Italy (1.1K tons)
- Vietnam (1.1K tons)
Exports of Lubricating Preparations Not for the Treatment of Materials in Indonesia
Exports of lubricating preparations not for the treatment of materials from Indonesia skyrocketed to 6.2K tons in 2022, rising by 24% compared with 2021. Over the period under review, exports, however, continue to indicate a pronounced reduction.
In value terms, exports of lubricating preparations not for the treatment of materials skyrocketed to $12M in 2022. Overall, exports, however, saw a perceptible shrinkage.
| Export of Lubricating Preparations Not for the Treatment of Materials in Indonesia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | 5.0 | 2.1 | 3.8 | 3.8 | -8.7% |
| Philippines | 0.9 | 0.2 | 0.3 | 2.4 | 38.7% |
| Malaysia | 1.2 | 0.7 | 0.9 | 1.3 | 2.7% |
| United States | 1.2 | 0.5 | 0.3 | 0.9 | -9.1% |
| China | 1.4 | 1.3 | 0.8 | 0.8 | -17.0% |
| India | 0.6 | 0.5 | 0.9 | 0.7 | 5.3% |
| Vietnam | 0.5 | 0.8 | 0.5 | 0.6 | 6.3% |
| Taiwan (Chinese) | 0.4 | 0.2 | 0.4 | 0.3 | -9.1% |
| Others | 2.0 | 2.0 | 1.2 | 1.5 | -9.1% |
| Total | 13.2 | 8.3 | 9.1 | 12.4 | -2.1% |
Top Export Markets for Lubricating Preparations Not for the Treatment of Materials from Indonesia in 2022:
- Thailand (2276.2 tons)
- Philippines (969.8 tons)
- China (669.0 tons)
- Malaysia (580.5 tons)
- United States (493.9 tons)
- India (393.8 tons)
- Vietnam (253.6 tons)
- Taiwan (Chinese) (155.4 tons)
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This report provides an in-depth analysis of the market for petroleum lubricating oil and grease in Indonesia.
641
This report provides an in-depth analysis of the global market for petroleum lubricating oil and grease.
265
This report provides an in-depth analysis of the market for petroleum lubricating oil and grease in Indonesia.
641
This report provides an in-depth analysis of the global market for petroleum lubricating oil and grease.
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