Price for Lubricating Preparations Not for the Treatment of Materials in Luxembourg - 2023
Contents:
- Price for Lubricating Preparations Not for the Treatment of Materials in Luxembourg (CIF) - 2022
- Price for Lubricating Preparations Not for the Treatment of Materials in Luxembourg (FOB) - 2022
- Imports of Lubricating Preparations Not for the Treatment of Materials in Luxembourg
- Exports of Lubricating Preparations Not for the Treatment of Materials in Luxembourg
Price for Lubricating Preparations Not for the Treatment of Materials in Luxembourg (CIF) - 2022
The average import price for lubricating preparations not for the treatment of materials stood at $5,553 per ton in 2022, waning by -3.2% against the previous year. Over the last decade, it increased at an average annual rate of +2.0%. The most prominent rate of growth was recorded in 2017 when the average import price increased by 15%. The import price peaked at $5,735 per ton in 2021, and then declined in the following year.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Japan ($22,354 per ton), while the price for the Netherlands ($4,360 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+3.8%), 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 Luxembourg (FOB) - 2022
In 2022, the average export price for lubricating preparations not for the treatment of materials amounted to $16,194 per ton, jumping by 32% against the previous year. In general, export price indicated a buoyant increase from 2012 to 2022: its price increased at an average annual rate of +5.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for lubricating preparations not for the treatment of materials increased by +115.3% against 2017 indices. The most prominent rate of growth was recorded in 2021 an increase of 35% against the previous year. The export price peaked in 2022 and is expected to retain growth in years to come.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Poland ($34,599 per ton), while the average price for exports to Turkey ($6,128 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 the Czech Republic (+19.6%), 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 Luxembourg
In 2022, purchases abroad of lubricating preparations not for the treatment of materials decreased by -1.6% to 3.3K tons, falling for the second consecutive year after two years of growth. Overall, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when imports increased by 7.2%. As a result, imports reached the peak of 3.5K tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
In value terms, imports of lubricating preparations not for the treatment of materials shrank modestly to $18M in 2022. The total import value increased at an average annual rate of +3.5% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The pace of growth appeared the most rapid in 2020 when imports increased by 9.1% against the previous year.
| Import of Lubricating Preparations Not for the Treatment of Materials in Luxembourg (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 6.6 | 7.5 | 9.3 | 7.9 | 6.2% |
| Belgium | 3.2 | 4.0 | 4.2 | 4.3 | 10.4% |
| France | 1.9 | 2.1 | 2.8 | 2.7 | 12.4% |
| Japan | 3.0 | 2.6 | 0.9 | 0.9 | -33.1% |
| Netherlands | 0.8 | 0.5 | 0.9 | 0.8 | 0.0% |
| Others | 1.1 | 1.5 | 1.1 | 1.8 | 17.8% |
| Total | 16.6 | 18.1 | 19.3 | 18.4 | 3.5% |
Top Suppliers of Lubricating Preparations Not for the Treatment of Materials to Luxembourg in 2022:
- Germany (1552.2 tons)
- Belgium (919.8 tons)
- France (537.0 tons)
- Netherlands (177.5 tons)
- Japan (41.6 tons)
Exports of Lubricating Preparations Not for the Treatment of Materials in Luxembourg
For the third year in a row, Luxembourg recorded decline in shipments abroad of lubricating preparations not for the treatment of materials, which decreased by -25.6% to 201 tons in 2022. In general, exports showed a significant decline. The smallest decline of -12.2% was in 2020.
In value terms, exports of lubricating preparations not for the treatment of materials shrank to $3.3M in 2022. Overall, exports continue to indicate a abrupt decline.
| Export of Lubricating Preparations Not for the Treatment of Materials in Luxembourg (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 858 | 624 | 567 | 473 | -18.0% |
| France | 1,228 | 883 | 540 | 447 | -28.6% |
| Italy | 459 | 384 | 146 | 235 | -20.0% |
| Turkey | 187 | 294 | 53.1 | 231 | 7.3% |
| Belgium | 418 | 334 | 695 | 228 | -18.3% |
| Azerbaijan | 0.9 | 10.6 | 13.0 | 197 | 502.7% |
| Hungary | 217 | 171 | 85.1 | 139 | -13.8% |
| United Kingdom | 681 | 331 | 262 | 136 | -41.5% |
| Poland | 246 | 187 | 84.8 | 97.9 | -26.4% |
| Spain | 401 | 367 | 71.8 | 96.0 | -37.9% |
| Czech Republic | 174 | 161 | 26.3 | 79.1 | -23.1% |
| Romania | 59.0 | 68.9 | 26.0 | 59.4 | 0.2% |
| Portugal | 145 | 83.5 | 15.4 | 24.1 | -45.0% |
| Others | 897 | 899 | 734 | 812 | -3.3% |
| Total | 5,970 | 4,799 | 3,319 | 3,254 | -18.3% |
Top Export Markets for Lubricating Preparations Not for the Treatment of Materials from Luxembourg in 2022:
- Germany (37.9 tons)
- Turkey (37.7 tons)
- France (33.5 tons)
- Belgium (20.0 tons)
- Azerbaijan (15.4 tons)
- Italy (9.0 tons)
- Romania (5.2 tons)
- United Kingdom (5.1 tons)
- Hungary (4.3 tons)
- Spain (4.3 tons)
- Poland (2.8 tons)
- Czech Republic (2.5 tons)
- Portugal (0.6 tons)
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This report provides an in-depth analysis of the market for petroleum lubricating oil and grease in Luxembourg.
638
This report provides an in-depth analysis of the global market for petroleum lubricating oil and grease.
330
This report provides an in-depth analysis of the market for petroleum lubricating oil and grease in Luxembourg.
638
This report provides an in-depth analysis of the global market for petroleum lubricating oil and grease.
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