Price for Lubricating Preparations Not for the Treatment of Materials in Lithuania - 2023
Contents:
- Price for Lubricating Preparations Not for the Treatment of Materials in Lithuania (FOB) - 2022
- Price for Lubricating Preparations Not for the Treatment of Materials in Lithuania (CIF) - 2023
- Exports of Lubricating Preparations Not for the Treatment of Materials in Lithuania
- Imports of Lubricating Preparations Not for the Treatment of Materials in Lithuania
Price for Lubricating Preparations Not for the Treatment of Materials in Lithuania (FOB) - 2022
In 2022, the average export price for lubricating preparations not for the treatment of materials amounted to $3,119 per ton, rising by 23% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.3%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Latvia ($5,309 per ton), while the average price for exports to Kyrgyzstan ($1,546 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 Latvia (+14.5%), 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 Lithuania (CIF) - 2023
The average import price for lubricating preparations not for the treatment of materials stood at $3,509 per ton in September 2023, remaining stable against the previous month. Overall, the import price, however, continues to indicate a perceptible downturn. The pace of growth was the most pronounced in December 2022 when the average import price increased by 13% m-o-m. As a result, import price attained the peak level of $6,707 per ton. From January 2023 to September 2023, the average import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In September 2023, the country with the highest price was the Netherlands ($7,718 per ton), while the price for Belarus ($1,093 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 (+4.5%), 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 Lithuania
In 2022, shipments abroad of lubricating preparations not for the treatment of materials decreased by -38.2% to 53K tons for the first time since 2018, thus ending a three-year rising trend. In general, exports saw a abrupt slump. The pace of growth was the most pronounced in 2021 with an increase of 20%. As a result, the exports reached the peak of 85K tons, and then shrank rapidly in the following year.
In value terms, exports of lubricating preparations not for the treatment of materials fell markedly to $164M in 2022. The total export value increased at an average annual rate of +1.4% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when exports increased by 34% against the previous year. As a result, the exports attained the peak of $216M, and then fell rapidly in the following year.
| Export of Lubricating Preparations Not for the Treatment of Materials in Lithuania (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 20.8 | 24.3 | 39.0 | 26.8 | 8.8% |
| Russia | 23.9 | 21.4 | 25.1 | 16.9 | -10.9% |
| United Kingdom | 8.7 | 11.2 | 21.5 | 14.1 | 17.5% |
| Belarus | 8.8 | 5.2 | 6.4 | 10.9 | 7.4% |
| Poland | 23.2 | 14.0 | 19.4 | 9.3 | -26.3% |
| Kazakhstan | 4.3 | 3.8 | 4.9 | 9.2 | 28.9% |
| Latvia | 4.5 | 5.6 | 5.3 | 6.3 | 11.9% |
| Turkey | 1.5 | 4.1 | 6.2 | 4.0 | 38.7% |
| Kyrgyzstan | 1.8 | 1.3 | 1.4 | 4.0 | 30.5% |
| Armenia | 0.5 | 0.5 | 0.7 | 3.8 | 96.6% |
| Chile | 1.4 | 2.7 | 5.2 | 3.7 | 38.3% |
| Hungary | 2.4 | 2.4 | 3.7 | 2.8 | 5.3% |
| Uzbekistan | 2.5 | 3.5 | 4.5 | 2.7 | 2.6% |
| Others | 53.3 | 61.9 | 73.2 | 49.8 | -2.2% |
| Total | 158 | 162 | 216 | 164 | 1.3% |
Top Export Markets for Lubricating Preparations Not for the Treatment of Materials from Lithuania in 2022:
- Germany (9.7K tons)
- Russia (5.3K tons)
- United Kingdom (5.2K tons)
- Poland (3.5K tons)
- Belarus (2.8K tons)
- Kyrgyzstan (2.6K tons)
- Kazakhstan (2.5K tons)
- Armenia (1.5K tons)
- Latvia (1.2K tons)
- Uzbekistan (1.1K tons)
- Turkey (1.0K tons)
- Hungary (0.9K tons)
- Chile (0.8K tons)
Imports of Lubricating Preparations Not for the Treatment of Materials in Lithuania
After two years of decline, purchases abroad of lubricating preparations not for the treatment of materials increased by 15% to 13K tons in 2022. The total import volume increased at an average annual rate of +2.0% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of lubricating preparations not for the treatment of materials soared to $80M in 2022. Overall, total imports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +14.9% 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 +52.0% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Lubricating Preparations Not for the Treatment of Materials in Lithuania (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 15.2 | 16.0 | 19.4 | 31.4 | 27.4% |
| Poland | 6.9 | 6.7 | 7.4 | 9.2 | 10.1% |
| Netherlands | 3.0 | 3.3 | 4.5 | 6.7 | 30.7% |
| Belgium | 3.1 | 2.0 | 2.8 | 5.9 | 23.9% |
| Estonia | 4.2 | 8.3 | 7.6 | 5.7 | 10.7% |
| Sweden | 1.0 | 1.9 | 2.7 | 2.9 | 42.6% |
| Finland | 7.4 | 3.3 | 1.8 | 2.8 | -27.7% |
| United Kingdom | 4.4 | 2.7 | 1.9 | 2.5 | -17.2% |
| Italy | 2.2 | 1.6 | 2.8 | 2.0 | -3.1% |
| Spain | 0.2 | 0.5 | 0.3 | 2.0 | 115.4% |
| Latvia | 1.8 | 1.8 | 1.7 | 1.8 | 0.0% |
| France | 1.0 | 1.2 | 1.9 | 1.5 | 14.5% |
| Belarus | N/A | N/A | 0.2 | 0.9 | 350.0% |
| Others | 2.2 | 3.3 | 3.6 | 4.4 | 26.0% |
| Total | 52.6 | 52.5 | 58.5 | 79.8 | 14.9% |
Top Suppliers of Lubricating Preparations Not for the Treatment of Materials to Lithuania in 2022:
- Germany (3721.7 tons)
- Poland (1650.1 tons)
- Belgium (1346.3 tons)
- Netherlands (1107.3 tons)
- Estonia (1046.5 tons)
- Spain (532.3 tons)
- Finland (430.3 tons)
- United Kingdom (412.8 tons)
- Latvia (409.9 tons)
- Sweden (390.0 tons)
- Italy (341.8 tons)
- France (286.4 tons)
- Belarus (232.2 tons)
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This report provides an in-depth analysis of the market for petroleum lubricating oil and grease in Lithuania.
641
This report provides an in-depth analysis of the global market for petroleum lubricating oil and grease.
137
This report provides an in-depth analysis of the market for petroleum lubricating oil and grease in Lithuania.
641
This report provides an in-depth analysis of the global market for petroleum lubricating oil and grease.
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