Price for Lubricating Preparations Not for the Treatment of Materials in Italy - 2023
Contents:
- Price for Lubricating Preparations Not for the Treatment of Materials in Italy (FOB) - 2023
- Price for Lubricating Preparations Not for the Treatment of Materials in Italy (CIF) - 2023
- Exports of Lubricating Preparations Not for the Treatment of Materials in Italy
- Imports of Lubricating Preparations Not for the Treatment of Materials in Italy
Price for Lubricating Preparations Not for the Treatment of Materials in Italy (FOB) - 2023
In September 2023, the average export price for lubricating preparations not for the treatment of materials amounted to $3,794 per ton, falling by -7.7% against the previous month. In general, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in April 2023 an increase of 13% against the previous month. The export price peaked at $4,111 per ton in August 2023, and then contracted in the following month.
Prices varied noticeably by the country of destination: the country with the highest price was Romania ($5,363 per ton), while the average price for exports to Brazil ($2,263 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 the Czech Republic (+2.4%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Lubricating Preparations Not for the Treatment of Materials in Italy (CIF) - 2023
In September 2023, the average import price for lubricating preparations not for the treatment of materials amounted to $5,432 per ton, with an increase of 5.4% against the previous month. Over the period from September 2022 to September 2023, it increased at an average monthly rate of +1.4%. The most prominent rate of growth was recorded in December 2022 when the average import price increased by 12% month-to-month. The import price peaked in September 2023.
There were significant differences in the average prices amongst the major supplying countries. In September 2023, the country with the highest price was Belgium ($6,130 per ton), while the price for Spain ($3,508 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 the Netherlands (+2.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Lubricating Preparations Not for the Treatment of Materials in Italy
In 2022, exports of lubricating preparations not for the treatment of materials from Italy dropped markedly to 161K tons, with a decrease of -23.3% compared with the year before. The total export volume increased at an average annual rate of +1.8% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when exports increased by 38%. As a result, the exports reached the peak of 209K tons, and then declined sharply in the following year.
In value terms, exports of lubricating preparations not for the treatment of materials declined modestly to $561M in 2022. Overall, total exports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +10.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +34.7% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 37%. As a result, the exports reached the peak of $571M, and then contracted slightly in the following year.
| Export of Lubricating Preparations Not for the Treatment of Materials in Italy (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 64.6 | 66.0 | 90.5 | 71.3 | 3.3% |
| Germany | 44.8 | 44.1 | 60.3 | 59.6 | 10.0% |
| Spain | 21.1 | 22.7 | 35.3 | 32.1 | 15.0% |
| Romania | 19.2 | 20.8 | 23.3 | 31.8 | 18.3% |
| Turkey | 15.6 | 17.9 | 26.6 | 30.5 | 25.0% |
| China | 20.7 | 24.3 | 33.6 | 26.7 | 8.9% |
| Poland | 19.4 | 17.9 | 22.9 | 22.0 | 4.3% |
| Netherlands | 10.9 | 10.5 | 15.2 | 20.2 | 22.8% |
| Mexico | 10.8 | 10.9 | 17.1 | 17.5 | 17.5% |
| India | 13.2 | 9.5 | 15.9 | 15.5 | 5.5% |
| Greece | 5.4 | 7.1 | 10.6 | 11.3 | 27.9% |
| Czech Republic | 7.6 | 7.5 | 9.8 | 10.2 | 10.3% |
| Pakistan | 3.1 | 3.3 | 6.1 | 5.7 | 22.5% |
| Others | 162 | 154 | 203 | 207 | 8.5% |
| Total | 419 | 417 | 571 | 561 | 10.2% |
Top Export Markets for Lubricating Preparations Not for the Treatment of Materials from Italy in 2022:
- France (19.5K tons)
- Germany (15.0K tons)
- Turkey (10.3K tons)
- Romania (10.3K tons)
- China (9.5K tons)
- Spain (9.3K tons)
- Poland (6.8K tons)
- Netherlands (5.3K tons)
- Mexico (5.3K tons)
- India (5.0K tons)
- Czech Republic (3.3K tons)
- Pakistan (2.8K tons)
- Greece (2.7K tons)
Imports of Lubricating Preparations Not for the Treatment of Materials in Italy
In 2022, imports of lubricating preparations not for the treatment of materials into Italy stood at 122K tons, leveling off at the previous year. The total import volume increased at an average annual rate of +1.7% 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 2020 when imports increased by 5.3%. Imports peaked in 2022 and are expected to retain growth in years to come.
In value terms, imports of lubricating preparations not for the treatment of materials rose markedly to $548M in 2022. The total import value increased at an average annual rate of +8.0% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 with an increase of 30%. Over the period under review, imports of lubricating preparations not for treatment of materials hit record highs in 2022 and are likely to see steady growth in the near future.
| Import of Lubricating Preparations Not for the Treatment of Materials in Italy (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 166 | 157 | 196 | 207 | 7.6% |
| France | 81.8 | 71.4 | 107 | 104 | 8.3% |
| Belgium | 48.3 | 35.0 | 40.1 | 59.4 | 7.1% |
| Netherlands | 42.4 | 38.3 | 47.5 | 58.1 | 11.1% |
| Switzerland | 27.0 | 25.3 | 33.3 | 33.6 | 7.6% |
| Spain | 24.4 | 16.5 | 22.9 | 30.2 | 7.4% |
| United States | 11.0 | 10.7 | 18.6 | 24.4 | 30.4% |
| Others | 34.3 | 30.3 | 32.8 | 31.4 | -2.9% |
| Total | 435 | 385 | 499 | 548 | 8.0% |
Top Suppliers of Lubricating Preparations Not for the Treatment of Materials to Italy in 2022:
- Germany (41.4K tons)
- France (30.5K tons)
- Netherlands (17.3K tons)
- Belgium (9.6K tons)
- Spain (9.5K tons)
- Switzerland (6.1K tons)
- United States (2.0K tons)
280
This report provides an in-depth analysis of the market for petroleum lubricating oil and grease in Italy.
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 Italy.
638
This report provides an in-depth analysis of the global market for petroleum lubricating oil and grease.
Nothing found. Please try again.
