Price for Lubricating Preparations Not for the Treatment of Materials in Ireland - 2023
Contents:
- Price for Lubricating Preparations Not for the Treatment of Materials in Ireland (CIF) - 2023
- Price for Lubricating Preparations Not for the Treatment of Materials in Ireland (FOB) - 2023
- Imports of Lubricating Preparations Not for the Treatment of Materials in Ireland
- Exports of Lubricating Preparations Not for the Treatment of Materials in Ireland
Price for Lubricating Preparations Not for the Treatment of Materials in Ireland (CIF) - 2023
The average import price for lubricating preparations not for the treatment of materials stood at $7,943 per ton in September 2023, leveling off at the previous month. Overall, import price indicated a temperate increase from September 2022 to September 2023: its price increased at an average monthly rate of +3.5% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on September 2023 figures, import price for lubricating preparations not for the treatment of materials increased by +30.5% against July 2023 indices. The growth pace was the most rapid in November 2022 an increase of 60% month-to-month. Over the period under review, average import prices hit record highs at $8,638 per ton in May 2023; however, from June 2023 to September 2023, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Spain ($26,581 per ton), while the price for Italy ($1,558 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Turkey (+10.5%), 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 Ireland (FOB) - 2023
The average export price for lubricating preparations not for the treatment of materials stood at $7,531 per ton in September 2023, reducing by -8.5% against the previous month. In general, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in May 2023 when the average export price increased by 21% month-to-month. As a result, the export price reached the peak level of $12,979 per ton. From June 2023 to September 2023, the the average export prices remained at a somewhat lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Israel ($12,982 per ton), while the average price for exports to France ($3,317 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Morocco (+29.5%), 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 Ireland
In 2022, approx. 7.8K tons of lubricating preparations not for the treatment of materials were imported into Ireland; jumping by 24% on 2021. In general, total imports indicated a strong increase from 2019 to 2022: its volume increased at an average annual rate of +15.3% 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 +80.9% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 46%. 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 expanded sharply to $44M in 2022. Over the period under review, total imports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +19.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +76.7% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 55% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the immediate term.
| Import of Lubricating Preparations Not for the Treatment of Materials in Ireland (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | 12.8 | 14.3 | 19.0 | 24.3 | 23.8% |
| Germany | 3.7 | 4.4 | 7.8 | 6.0 | 17.5% |
| United States | 1.9 | 1.2 | 3.5 | 3.9 | 27.1% |
| Netherlands | 1.7 | 1.1 | 2.2 | 3.9 | 31.9% |
| Belgium | 1.5 | 1.1 | 1.5 | 2.0 | 10.1% |
| France | 0.6 | 0.3 | 0.8 | 0.6 | 0.0% |
| Turkey | 0.9 | 0.6 | 0.2 | 0.2 | -39.4% |
| Lithuania | 0.4 | 0.5 | N/A | N/A | 25.0% |
| Others | 1.8 | 1.2 | 3.4 | 2.5 | 11.6% |
| Total | 25.4 | 24.7 | 38.4 | 43.6 | 19.7% |
Top Suppliers of Lubricating Preparations Not for the Treatment of Materials to Ireland in 2022:
- United Kingdom (5357.8 tons)
- Germany (872.3 tons)
- Netherlands (509.2 tons)
- Belgium (397.6 tons)
- United States (232.2 tons)
- France (134.5 tons)
- Turkey (104.2 tons)
Exports of Lubricating Preparations Not for the Treatment of Materials in Ireland
In 2022, the amount of lubricating preparations not for the treatment of materials exported from Ireland surged to 672 tons, growing by 16% compared with 2021. Over the period under review, exports, however, showed a perceptible shrinkage. The most prominent rate of growth was recorded in 2020 with an increase of 27% against the previous year. As a result, the exports reached the peak of 918 tons. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
In value terms, exports of lubricating preparations not for the treatment of materials declined modestly to $4.1M in 2022. Overall, exports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when exports increased by 34%. As a result, the exports reached the peak of $5.4M. From 2021 to 2022, the growth of the exports of failed to regain momentum.
| Export of Lubricating Preparations Not for the Treatment of Materials in Ireland (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | 1,472 | 1,883 | 1,970 | 1,769 | 6.3% |
| Italy | 943 | 495 | 296 | 575 | -15.2% |
| Israel | 114 | 201 | 333 | 343 | 44.4% |
| Australia | 121 | 107 | 289 | 148 | 6.9% |
| France | 262 | 91.9 | 91.7 | 81.7 | -32.2% |
| China | 49.0 | 1,503 | 391 | 42.0 | -5.0% |
| Others | 1,064 | 1,099 | 970 | 1,169 | 3.2% |
| Total | 4,025 | 5,380 | 4,341 | 4,128 | 0.8% |
Top Export Markets for Lubricating Preparations Not for the Treatment of Materials from Ireland in 2022:
- United Kingdom (331.6 tons)
- Italy (197.8 tons)
- Israel (42.5 tons)
- Australia (12.5 tons)
- China (10.0 tons)
- France (6.4 tons)
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This report provides an in-depth analysis of the market for petroleum lubricating oil and grease in Ireland.
641
This report provides an in-depth analysis of the global market for petroleum lubricating oil and grease.
259
This report provides an in-depth analysis of the market for petroleum lubricating oil and grease in Ireland.
641
This report provides an in-depth analysis of the global market for petroleum lubricating oil and grease.
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