Price for Lubricating Preparations Not for the Treatment of Materials in Iraq - 2022
Contents:
- Price for Lubricating Preparations Not for the Treatment of Materials in Iraq (CIF) - 2022
- Price for Lubricating Preparations Not for the Treatment of Materials in Iraq (FOB) - 2022
- Imports of Lubricating Preparations Not for the Treatment of Materials in Iraq
- Exports of Lubricating Preparations Not for the Treatment of Materials in Iraq
Price for Lubricating Preparations Not for the Treatment of Materials in Iraq (CIF) - 2022
The average import price for lubricating preparations not for the treatment of materials stood at $3,918 per ton in 2022, increasing by 15% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.4%. The most prominent rate of growth was recorded in 2013 when the average import price increased by 44%. As a result, import price attained the peak level of $4,039 per ton. From 2014 to 2022, the average import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($8,253 per ton), while the price for Turkey ($1,673 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+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 Iraq (FOB) - 2022
The average export price for lubricating preparations not for the treatment of materials stood at $2,364 per ton in 2022, waning by -21.7% against the previous year. Overall, the export price saw a mild contraction. The growth pace was the most rapid in 2013 an increase of 48%. Over the period under review, the average export prices hit record highs at $4,960 per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Netherlands ($8,738 per ton), while the average price for exports to Lebanon ($2,295 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 France (+20.1%), 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 Iraq
In 2022, approx. 12K tons of lubricating preparations not for the treatment of materials were imported into Iraq; picking up by 19% compared with the previous year's figure. Overall, imports, however, recorded a abrupt shrinkage.
In value terms, imports of lubricating preparations not for the treatment of materials surged to $47M in 2022. Over the period under review, total imports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +6.2% 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 +57.6% against 2020 indices. 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 Iraq (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 8.7 | 4.2 | 3.8 | 6.6 | -8.8% |
| Germany | 4.8 | 5.1 | 4.1 | 6.0 | 7.7% |
| China | 5.5 | 2.1 | 3.2 | 4.1 | -9.3% |
| Turkey | 2.8 | 2.1 | 2.2 | 3.7 | 9.7% |
| United States | 0.7 | 1.4 | 2.1 | 3.2 | 66.0% |
| Netherlands | 1.0 | 0.6 | 0.8 | 1.9 | 23.9% |
| Belgium | 1.0 | 0.7 | 1.4 | 1.9 | 23.9% |
| France | 0.4 | 0.9 | 2.4 | 1.7 | 62.0% |
| Spain | 0.6 | 0.8 | 0.7 | 0.6 | 0.0% |
| Lithuania | 1.0 | 0.6 | 0.1 | 0.3 | -33.1% |
| Kuwait | 0.2 | N/A | N/A | N/A | 0% |
| Iran | N/A | 0.1 | 0.8 | N/A | 700.0% |
| Others | 12.5 | 11.2 | 12.9 | 17.0 | 10.8% |
| Total | 39.2 | 29.8 | 34.4 | 47.0 | 6.2% |
Top Suppliers of Lubricating Preparations Not for the Treatment of Materials to Iraq in 2022:
- Turkey (2.2K tons)
- China (1.9K tons)
- Germany (1.3K tons)
- United Arab Emirates (1.0K tons)
- Netherlands (0.5K tons)
- France (0.5K tons)
- United States (0.4K tons)
- Belgium (0.4K tons)
- Spain (0.3K tons)
- Lithuania (0.1K tons)
Exports of Lubricating Preparations Not for the Treatment of Materials in Iraq
In 2022, approx. 94 tons of lubricating preparations not for the treatment of materials were exported from Iraq; dropping by -34.1% compared with the previous year. Over the period under review, exports recorded a abrupt shrinkage. The growth pace was the most rapid in 2021 when exports increased by 101% against the previous year.
In value terms, exports of lubricating preparations not for the treatment of materials dropped markedly to $222K in 2022. In general, exports saw a sharp downturn. The pace of growth was the most pronounced in 2021 when exports increased by 68%.
| Export of Lubricating Preparations Not for the Treatment of Materials in Iraq (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Lebanon | N/A | N/A | 44.1 | 213 | 383.0% |
| Iran | 520 | 231 | 304 | N/A | -23.5% |
| Turkey | 3.0 | 21.4 | N/A | N/A | 613.3% |
| Others | 0.3 | 4.3 | 83.2 | 8.8 | 208.4% |
| Total | 523 | 256 | 431 | 222 | -24.8% |
Top Export Markets for Lubricating Preparations Not for the Treatment of Materials from Iraq in 2022:
- Lebanon (93.0 tons)
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This report provides an in-depth analysis of the market for petroleum lubricating oil and grease in Iraq.
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This report provides an in-depth analysis of the global market for petroleum lubricating oil and grease.
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