Price for Lubricating Preparations Not for the Treatment of Materials in Japan - 2023
Contents:
- Price for Lubricating Preparations Not for the Treatment of Materials in Japan (FOB) - 2023
- Price for Lubricating Preparations Not for the Treatment of Materials in Japan (CIF) - 2023
- Exports of Lubricating Preparations Not for the Treatment of Materials in Japan
- Imports of Lubricating Preparations Not for the Treatment of Materials in Japan
Price for Lubricating Preparations Not for the Treatment of Materials in Japan (FOB) - 2023
In November 2023, the average export price for lubricating preparations not for the treatment of materials amounted to $4,813 per ton, with an increase of 6% against the previous month. In general, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in September 2023 an increase of 8.5% month-to-month. Over the period under review, the average export prices reached the peak figure at $5,494 per ton in January 2023; however, from February 2023 to November 2023, the export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was the United States ($10,802 per ton), while the average price for exports to India ($3,499 per ton) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to Taiwan (Chinese) (+1.6%), 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 Japan (CIF) - 2023
The average import price for lubricating preparations not for the treatment of materials stood at $9,480 per ton in November 2023, waning by -11% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +1.1%. The most prominent rate of growth was recorded in December 2022 an increase of 32% against the previous month. As a result, import price reached the peak level of $10,967 per ton. From January 2023 to November 2023, the average import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In November 2023, the country with the highest price was Germany ($18,686 per ton), while the price for China ($3,946 per ton) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Germany (+3.0%), 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 Japan
Exports of lubricating preparations not for the treatment of materials from Japan reduced to 372K tons in 2022, which is down by -14.8% on 2021. The total export volume increased at an average annual rate of +1.5% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 when exports increased by 39% against the previous year. As a result, the exports reached the peak of 436K tons, and then shrank in the following year.
In value terms, exports of lubricating preparations not for the treatment of materials shrank to $1.9B in 2022. The total export value increased at an average annual rate of +2.5% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 when exports increased by 33% against the previous year. As a result, the exports attained the peak of $2.1B, and then shrank in the following year.
| Export of Lubricating Preparations Not for the Treatment of Materials in Japan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 782 | 756 | 1,049 | 940 | 6.3% |
| Thailand | 150 | 130 | 175 | 164 | 3.0% |
| South Korea | 123 | 102 | 126 | 105 | -5.1% |
| India | 89.5 | 69.2 | 104 | 101 | 4.1% |
| United States | 103 | 79.2 | 99.4 | 87.1 | -5.4% |
| Taiwan (Chinese) | 68.9 | 65.3 | 74.2 | 64.0 | -2.4% |
| Indonesia | 66.3 | 49.8 | 63.0 | 56.6 | -5.1% |
| Vietnam | 50.3 | 48.2 | 63.6 | 56.2 | 3.8% |
| Malaysia | 35.3 | 27.8 | 31.3 | 30.9 | -4.3% |
| Others | 262 | 228 | 288 | 262 | 0.0% |
| Total | 1,731 | 1,555 | 2,074 | 1,866 | 2.5% |
Top Export Markets for Lubricating Preparations Not for the Treatment of Materials from Japan in 2022:
- China (221.6K tons)
- Thailand (28.3K tons)
- India (27.4K tons)
- South Korea (19.0K tons)
- Taiwan (Chinese) (12.5K tons)
- Indonesia (10.9K tons)
- United States (8.4K tons)
- Vietnam (7.9K tons)
- Malaysia (5.9K tons)
Imports of Lubricating Preparations Not for the Treatment of Materials in Japan
In 2022, after two years of decline, there was growth in purchases abroad of lubricating preparations not for the treatment of materials, when their volume increased by 1.9% to 25K tons. Over the period under review, imports, however, recorded a noticeable shrinkage.
In value terms, imports of lubricating preparations not for the treatment of materials expanded rapidly to $204M in 2022. In general, imports, however, continue to indicate a mild reduction.
| Import of Lubricating Preparations Not for the Treatment of Materials in Japan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 90.4 | 89.6 | 71.0 | 75.3 | -5.9% |
| Germany | 29.4 | 26.9 | 32.2 | 33.2 | 4.1% |
| France | 18.4 | 14.3 | 14.5 | 19.6 | 2.1% |
| Singapore | 15.5 | 9.6 | 13.7 | 14.9 | -1.3% |
| China | 11.8 | 8.8 | 9.2 | 10.6 | -3.5% |
| Switzerland | 8.7 | 6.9 | 8.9 | 9.8 | 4.0% |
| South Korea | 11.2 | 9.0 | 9.4 | 9.7 | -4.7% |
| Others | 30.5 | 32.4 | 31.3 | 31.0 | 0.5% |
| Total | 216 | 197 | 190 | 204 | -1.9% |
Top Suppliers of Lubricating Preparations Not for the Treatment of Materials to Japan in 2022:
- United States (5.6K tons)
- Singapore (2.9K tons)
- France (2.6K tons)
- South Korea (2.5K tons)
- China (2.4K tons)
- Germany (2.3K tons)
- Switzerland (2.0K tons)
272
This report provides an in-depth analysis of the market for petroleum lubricating oil and grease in Japan.
638
This report provides an in-depth analysis of the global market for petroleum lubricating oil and grease.
272
This report provides an in-depth analysis of the market for petroleum lubricating oil and grease in Japan.
638
This report provides an in-depth analysis of the global market for petroleum lubricating oil and grease.
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