Price for Lubricating Preparations Not for the Treatment of Materials in Iran - 2022
Contents:
- Price for Lubricating Preparations Not for the Treatment of Materials in Iran (CIF) - 2022
- Price for Lubricating Preparations Not for the Treatment of Materials in Iran (FOB) - 2022
- Imports of Lubricating Preparations Not for the Treatment of Materials in Iran
- Exports of Lubricating Preparations Not for the Treatment of Materials in Iran
Price for Lubricating Preparations Not for the Treatment of Materials in Iran (CIF) - 2022
In 2022, the average import price for lubricating preparations not for the treatment of materials amounted to $3,985 per ton, falling by -12.2% against the previous year. In general, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the average import price increased by 18% against the previous year. The import price peaked at $4,539 per ton in 2021, and then contracted in the following year.
As there is only one major supplying country, the average price level is determined by prices for the United Arab Emirates.
From 2012 to 2022, the rate of growth in terms of prices for Turkey amounted to +12.3% per year.
Price for Lubricating Preparations Not for the Treatment of Materials in Iran (FOB) - 2022
In 2022, the average export price for lubricating preparations not for the treatment of materials amounted to $1,364 per ton, growing by 79% against the previous year. Over the period under review, the export price, however, showed a mild downturn. Over the period under review, the average export prices reached the maximum at $1,844 per ton in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Georgia ($2,082 per ton), while the average price for exports to the United Arab Emirates ($417 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 India (+23.5%), 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 Iran
In 2022, after two years of decline, there was significant growth in overseas purchases of lubricating preparations not for the treatment of materials, when their volume increased by 47% to 17K tons. In general, imports, however, continue to indicate a slight contraction.
In value terms, imports of lubricating preparations not for the treatment of materials soared to $70M in 2022. The total import value increased at an average annual rate of +1.3% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Lubricating Preparations Not for the Treatment of Materials in Iran (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 3.9 | 2.1 | 1.6 | 69.7 | 161.5% |
| China | 7.1 | 6.4 | 7.4 | N/A | 2.1% |
| Germany | 17.4 | 10.2 | 12.4 | N/A | -15.6% |
| United Kingdom | 1.6 | 0.7 | 1.0 | N/A | -20.9% |
| India | 4.4 | 0.9 | 0.4 | N/A | -69.8% |
| Italy | 8.9 | 8.8 | 4.7 | N/A | -27.3% |
| Turkey | 13.3 | 17.6 | 19.5 | N/A | 21.1% |
| Others | 10.3 | 5.7 | 6.9 | N/A | -18.2% |
| Total | 67.0 | 52.5 | 53.9 | 69.7 | 1.3% |
Top Suppliers of Lubricating Preparations Not for the Treatment of Materials to Iran in 2022:
- United Arab Emirates (17.5K tons)
Exports of Lubricating Preparations Not for the Treatment of Materials in Iran
After three years of growth, shipments abroad of lubricating preparations not for the treatment of materials decreased by -83.1% to 593 tons in 2022. Overall, exports, however, recorded significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 306% against the previous year. As a result, the exports attained the peak of 3.5K tons, and then shrank markedly in the following year.
In value terms, exports of lubricating preparations not for the treatment of materials contracted notably to $809K in 2022. Over the period under review, exports, however, continue to indicate a significant increase. The growth pace was the most rapid in 2021 when exports increased by 264%. As a result, the exports attained the peak of $2.7M, and then dropped markedly in the following year.
| Export of Lubricating Preparations Not for the Treatment of Materials in Iran (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Iraq | 5.3 | 146 | 768 | 465 | 344.4% |
| Uzbekistan | 9.5 | 148 | 172 | 104 | 122.0% |
| Azerbaijan | 8.8 | 63.4 | 136 | 82.2 | 110.6% |
| Afghanistan | 5.3 | 325 | 80.1 | 75.0 | 141.9% |
| United Arab Emirates | 16.8 | 43.5 | 91.7 | 55.5 | 48.9% |
| Georgia | N/A | 3.5 | 46.2 | 28.0 | 182.8% |
| Armenia | 0.2 | N/A | 190 | N/A | 2982.2% |
| Myanmar | 320 | N/A | N/A | N/A | 0% |
| Turkey | 4.9 | N/A | 1,018 | N/A | 1341.4% |
| Others | 8.3 | 8.7 | 188 | N/A | 375.9% |
| Total | 379 | 738 | 2,689 | 809 | 28.8% |
Top Export Markets for Lubricating Preparations Not for the Treatment of Materials from Iran in 2022:
- Iraq (250.6 tons)
- United Arab Emirates (133.2 tons)
- Afghanistan (88.0 tons)
- Uzbekistan (58.3 tons)
- Azerbaijan (49.9 tons)
- Georgia (13.4 tons)
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This report provides an in-depth analysis of the market for petroleum lubricating oil and grease in Iran.
641
This report provides an in-depth analysis of the global market for petroleum lubricating oil and grease.
284
This report provides an in-depth analysis of the market for petroleum lubricating oil and grease in Iran.
641
This report provides an in-depth analysis of the global market for petroleum lubricating oil and grease.
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