Price for Lubricating Preparations Not for the Treatment of Materials in Malaysia - 2022
Contents:
- Price for Lubricating Preparations Not for the Treatment of Materials in Malaysia (CIF) - 2022
- Price for Lubricating Preparations Not for the Treatment of Materials in Malaysia (FOB) - 2022
- Imports of Lubricating Preparations Not for the Treatment of Materials in Malaysia
- Exports of Lubricating Preparations Not for the Treatment of Materials in Malaysia
Price for Lubricating Preparations Not for the Treatment of Materials in Malaysia (CIF) - 2022
In 2022, the average import price for lubricating preparations not for the treatment of materials amounted to $4,434 per ton, growing by 3.6% against the previous year. Over the last decade, it increased at an average annual rate of +1.4%. The growth pace was the most rapid in 2018 an increase of 9.2%. The import price peaked at $4,443 per ton in 2014; afterwards, it flattened through to 2022.
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 ($8,539 per ton), while the price for Taiwan (Chinese) ($2,775 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+6.4%), 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 Malaysia (FOB) - 2022
The average export price for lubricating preparations not for the treatment of materials stood at $2,519 per ton in 2022, picking up by 21% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 an increase of 24% against the previous year. Over the period under review, the average export prices reached the maximum at $2,532 per ton in 2013; afterwards, it flattened through to 2022.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Philippines ($6,739 per ton), while the average price for exports to India ($1,516 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 Kazakhstan (+18.7%), 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 Malaysia
Imports of lubricating preparations not for the treatment of materials into Malaysia totaled 50K tons in 2022, picking up by 3.1% compared with the previous year. The total import volume increased at an average annual rate of +1.4% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The pace of growth appeared the most rapid in 2021 when imports increased by 16% against the previous year. Imports peaked in 2022 and are likely to continue growth in the near future.
In value terms, imports of lubricating preparations not for the treatment of materials expanded sharply to $221M in 2022. The total import value increased at an average annual rate of +3.6% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 with an increase of 24% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the near future.
| Import of Lubricating Preparations Not for the Treatment of Materials in Malaysia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Singapore | 49.5 | 41.3 | 46.8 | 63.0 | 8.4% |
| Japan | 40.1 | 33.9 | 46.1 | 45.1 | 4.0% |
| United States | 22.5 | 20.9 | 28.0 | 28.1 | 7.7% |
| China | 30.4 | 25.7 | 25.7 | 20.8 | -11.9% |
| Germany | 13.8 | 12.7 | 16.0 | 16.9 | 7.0% |
| France | 7.2 | 4.2 | 7.4 | 8.6 | 6.1% |
| Thailand | 6.0 | 4.3 | 6.8 | 7.2 | 6.3% |
| Taiwan (Chinese) | 6.0 | 4.9 | 5.7 | 5.8 | -1.1% |
| Others | 23.2 | 18.9 | 24.3 | 25.4 | 3.1% |
| Total | 199 | 167 | 207 | 221 | 3.6% |
Top Suppliers of Lubricating Preparations Not for the Treatment of Materials to Malaysia in 2022:
- Singapore (19.5K tons)
- China (5.4K tons)
- Japan (5.3K tons)
- United States (3.8K tons)
- Germany (3.5K tons)
- Thailand (2.3K tons)
- France (2.2K tons)
- Taiwan (Chinese) (2.1K tons)
Exports of Lubricating Preparations Not for the Treatment of Materials in Malaysia
After three years of growth, overseas shipments of lubricating preparations not for the treatment of materials decreased by -22.9% to 29K tons in 2022. In general, exports saw a slight setback. The most prominent rate of growth was recorded in 2020 when exports increased by 14%.
In value terms, exports of lubricating preparations not for the treatment of materials fell to $72M in 2022. The total export value increased at an average annual rate of +3.5% over the period from 2019 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 18%. As a result, the exports reached the peak of $77M, and then contracted in the following year.
| Export of Lubricating Preparations Not for the Treatment of Materials in Malaysia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Singapore | 9.3 | 14.8 | 14.9 | 13.6 | 13.5% |
| Thailand | 12.0 | 13.6 | 12.3 | 13.2 | 3.2% |
| China | 8.1 | 8.0 | 14.7 | 12.9 | 16.8% |
| Vietnam | 9.1 | 5.8 | 7.0 | 8.1 | -3.8% |
| Philippines | 1.5 | 0.7 | 2.0 | 5.9 | 57.9% |
| Indonesia | 7.4 | 4.9 | 7.0 | 4.0 | -18.5% |
| India | 8.2 | 8.9 | 11.4 | 3.0 | -28.5% |
| Others | 9.8 | 8.9 | 8.0 | 11.8 | 6.4% |
| Total | 65.4 | 65.5 | 77.4 | 72.5 | 3.5% |
Top Export Markets for Lubricating Preparations Not for the Treatment of Materials from Malaysia in 2022:
- China (6.9K tons)
- Thailand (6.0K tons)
- Singapore (5.0K tons)
- Vietnam (2.9K tons)
- India (2.0K tons)
- Indonesia (1.8K tons)
- Philippines (0.9K tons)
773
This report provides an in-depth analysis of the market for petroleum lubricating oil and grease in Malaysia.
638
This report provides an in-depth analysis of the global market for petroleum lubricating oil and grease.
773
This report provides an in-depth analysis of the market for petroleum lubricating oil and grease in Malaysia.
638
This report provides an in-depth analysis of the global market for petroleum lubricating oil and grease.
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