Price for Lubricating Preparations Not for the Treatment of Materials in Mexico - 2023
Contents:
- Price for Lubricating Preparations Not for the Treatment of Materials in Mexico (CIF) - 2023
- Price for Lubricating Preparations Not for the Treatment of Materials in Mexico (FOB) - 2023
- Imports of Lubricating Preparations Not for the Treatment of Materials in Mexico
- Exports of Lubricating Preparations Not for the Treatment of Materials in Mexico
Price for Lubricating Preparations Not for the Treatment of Materials in Mexico (CIF) - 2023
The average import price for lubricating preparations not for the treatment of materials stood at $13,365 per ton in October 2023, surging by 2.4% against the previous month. Over the period under review, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in September 2023 when the average import price increased by 84% m-o-m. The import price peaked at $13,883 per ton in May 2023; however, from June 2023 to October 2023, import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Spain ($16,811 per ton), while the price for the Netherlands ($3,216 per ton) was amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by South Korea (+7.5%), 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 Mexico (FOB) - 2023
In October 2023, the average export price for lubricating preparations not for the treatment of materials amounted to $10,276 per ton, waning by -19.2% against the previous month. Over the period under review, the export price saw a mild decrease. The most prominent rate of growth was recorded in August 2023 when the average export price increased by 64% month-to-month. The export price peaked at $14,119 per ton in February 2023; however, from March 2023 to October 2023, the export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was the United States ($10,744 per ton), while the average price for exports to the Dominican Republic ($4,715 per ton) was amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to Honduras (+8.8%), 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 Mexico
For the third consecutive year, Mexico recorded decline in overseas purchases of lubricating preparations not for the treatment of materials, which decreased by -9.6% to 68K tons in 2022. In general, imports continue to indicate a dramatic curtailment.
In value terms, imports of lubricating preparations not for the treatment of materials surged to $876M in 2022. The total import value increased at an average annual rate of +6.4% 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 imports increased by 26%. 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 Mexico (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 554 | 453 | 555 | 651 | 5.5% |
| Germany | 60.5 | 55.4 | 69.6 | 75.1 | 7.5% |
| Japan | 34.8 | 29.9 | 38.7 | 39.6 | 4.4% |
| Italy | 15.0 | 13.6 | 25.5 | 29.6 | 25.4% |
| Spain | 10.4 | 7.4 | 11.4 | 15.8 | 15.0% |
| France | 7.6 | 6.6 | 12.1 | 11.9 | 16.1% |
| South Korea | 6.4 | 5.7 | 7.5 | 9.0 | 12.0% |
| Others | 37.9 | 32.3 | 38.5 | 44.1 | 5.2% |
| Total | 727 | 604 | 758 | 876 | 6.4% |
Top Suppliers of Lubricating Preparations Not for the Treatment of Materials to Mexico in 2022:
- United States (51.8K tons)
- Germany (3.5K tons)
- Italy (3.4K tons)
- Japan (2.1K tons)
- France (1.2K tons)
- South Korea (1.1K tons)
- Spain (1.1K tons)
Exports of Lubricating Preparations Not for the Treatment of Materials in Mexico
In 2022, overseas shipments of lubricating preparations not for the treatment of materials increased by 20% to 4K tons for the first time since 2019, thus ending a two-year declining trend. The total export volume increased at an average annual rate of +4.6% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of lubricating preparations not for the treatment of materials skyrocketed to $38M in 2022. The total export value increased at an average annual rate of +7.1% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Lubricating Preparations Not for the Treatment of Materials in Mexico (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 12.1 | 10.9 | 16.5 | 22.0 | 22.1% |
| Guatemala | 4.7 | 4.2 | 4.9 | 6.6 | 12.0% |
| Colombia | 1.8 | 1.2 | 2.5 | 2.3 | 8.5% |
| Chile | 1.0 | 2.1 | 1.0 | 1.1 | 3.2% |
| Honduras | 0.9 | 1.0 | 0.6 | 1.0 | 3.6% |
| El Salvador | 0.5 | 0.4 | 0.7 | 0.9 | 21.6% |
| Panama | 0.7 | 0.3 | 0.3 | 0.6 | -5.0% |
| Brazil | 1.5 | 1.7 | 0.9 | 0.4 | -35.6% |
| Spain | 1.4 | 1.5 | 0.5 | 0.4 | -34.1% |
| Netherlands | 1.3 | 0.9 | N/A | N/A | -30.8% |
| Others | 5.5 | 4.4 | 4.4 | 3.2 | -16.5% |
| Total | 31.3 | 28.7 | 32.2 | 38.5 | 7.1% |
Top Export Markets for Lubricating Preparations Not for the Treatment of Materials from Mexico in 2022:
- United States (2274.6 tons)
- Guatemala (879.7 tons)
- Colombia (167.2 tons)
- Chile (157.5 tons)
- Honduras (100.6 tons)
- El Salvador (87.1 tons)
- Panama (72.0 tons)
- Brazil (10.1 tons)
- Spain (5.0 tons)
302
This report provides an in-depth analysis of the market for petroleum lubricating oil and grease in Mexico.
641
This report provides an in-depth analysis of the global market for petroleum lubricating oil and grease.
302
This report provides an in-depth analysis of the market for petroleum lubricating oil and grease in Mexico.
641
This report provides an in-depth analysis of the global market for petroleum lubricating oil and grease.
Nothing found. Please try again.
