Price for Lubricating Preparations Not for the Treatment of Materials in Morocco - 2023
Contents:
- Price for Lubricating Preparations Not for the Treatment of Materials in Morocco (CIF) - 2022
- Price for Lubricating Preparations Not for the Treatment of Materials in Morocco (FOB) - 2022
- Imports of Lubricating Preparations Not for the Treatment of Materials in Morocco
- Exports of Lubricating Preparations Not for the Treatment of Materials in Morocco
Price for Lubricating Preparations Not for the Treatment of Materials in Morocco (CIF) - 2022
In 2022, the average import price for lubricating preparations not for the treatment of materials amounted to $3,856 per ton, rising by 7.4% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.3%. The most prominent rate of growth was recorded in 2018 when the average import price increased by 8.4% against the previous year. The import price peaked in 2022 and is likely to see steady growth in years to come.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($4,484 per ton), while the price for Turkey ($2,776 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+5.0%), 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 Morocco (FOB) - 2022
In 2022, the average export price for lubricating preparations not for the treatment of materials amounted to $4,791 per ton, picking up by 53% against the previous year. Over the period under review, the export price enjoyed a remarkable increase. The most prominent rate of growth was recorded in 2016 when the average export price increased by 67%. The export price peaked in 2022 and is likely to see gradual growth in years to come.
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 Sudan ($19,179 per ton), while the average price for exports to Mauritania ($2,969 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 Spain (+11.5%), 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 Morocco
In 2022, purchases abroad of lubricating preparations not for the treatment of materials decreased by -2.5% to 40K tons for the first time since 2018, thus ending a three-year rising trend. The total import volume increased at an average annual rate of +10.8% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when imports increased by 24%. As a result, imports reached the peak of 41K tons, and then fell modestly in the following year.
In value terms, imports of lubricating preparations not for the treatment of materials reached $152M in 2022. Overall, total imports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +15.1% 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 +52.4% against 2019 indices. The pace of growth was the most pronounced in 2021 when imports increased by 29% against the previous year. Over the period under review, imports of lubricating preparations not for treatment of materials attained the maximum in 2022 and are expected to retain growth in years to come.
| Import of Lubricating Preparations Not for the Treatment of Materials in Morocco (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 35.4 | 33.1 | 37.1 | 44.9 | 8.2% |
| Belgium | 14.8 | 17.1 | 32.8 | 29.8 | 26.3% |
| Spain | 16.1 | 26.4 | 26.1 | 27.5 | 19.5% |
| Germany | 13.3 | 14.1 | 20.0 | 19.7 | 14.0% |
| Italy | 5.6 | 4.7 | 7.4 | 7.1 | 8.2% |
| Netherlands | 2.8 | 2.3 | 4.5 | 5.3 | 23.7% |
| Turkey | 3.8 | 3.0 | 4.8 | 3.9 | 0.9% |
| Others | 8.3 | 11.8 | 12.8 | 14.2 | 19.6% |
| Total | 100 | 113 | 146 | 152 | 15.0% |
Top Suppliers of Lubricating Preparations Not for the Treatment of Materials to Morocco in 2022:
- France (11.1K tons)
- Belgium (8.8K tons)
- Spain (7.1K tons)
- Germany (4.4K tons)
- Italy (1.9K tons)
- Turkey (1.4K tons)
- Netherlands (1.4K tons)
Exports of Lubricating Preparations Not for the Treatment of Materials in Morocco
In 2022, exports of lubricating preparations not for the treatment of materials from Morocco dropped markedly to 384 tons, falling by -23.6% against the year before. Over the period under review, exports, however, enjoyed resilient growth. The pace of growth was the most pronounced in 2021 with an increase of 89% against the previous year. As a result, the exports reached the peak of 503 tons, and then shrank sharply in the following year.
In value terms, exports of lubricating preparations not for the treatment of materials skyrocketed to $1.8M in 2022. Overall, exports, however, posted a resilient expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 140% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.
| Export of Lubricating Preparations Not for the Treatment of Materials in Morocco (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Sudan | 103 | 83.5 | 227 | 346 | 49.8% |
| Niger | 62.7 | 17.1 | 318 | 298 | 68.1% |
| Senegal | 839 | 111 | 448 | 276 | -31.0% |
| Mauritania | 72.7 | 63.3 | 164 | 240 | 48.9% |
| Cameroon | 50.1 | 22.4 | 66.6 | 175 | 51.7% |
| Gabon | 7.8 | 66.5 | 58.3 | 91.7 | 127.4% |
| Tunisia | 7.2 | 2.8 | 2.5 | 85.5 | 128.1% |
| Togo | 3.1 | 22.9 | 18.3 | 74.6 | 188.7% |
| Spain | 40.6 | 10.4 | 90.7 | 51.0 | 7.9% |
| Djibouti | N/A | 91.1 | 2.1 | 3.7 | -79.8% |
| Cote d'Ivoire | 98.2 | 33.7 | 26.9 | 0.7 | -80.8% |
| Others | 45.8 | 133 | 158 | 200 | 63.5% |
| Total | 1,330 | 658 | 1,579 | 1,841 | 11.4% |
Top Export Markets for Lubricating Preparations Not for the Treatment of Materials from Morocco in 2022:
- Mauritania (80.7 tons)
- Niger (71.0 tons)
- Senegal (66.3 tons)
- Cameroon (38.4 tons)
- Tunisia (27.6 tons)
- Togo (21.8 tons)
- Gabon (20.0 tons)
- Sudan (18.0 tons)
- Spain (7.8 tons)
- Djibouti (1.0 tons)
- Cote d'Ivoire (0.1 tons)
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This report provides an in-depth analysis of the market for petroleum lubricating oil and grease in Morocco.
641
This report provides an in-depth analysis of the global market for petroleum lubricating oil and grease.
335
This report provides an in-depth analysis of the market for petroleum lubricating oil and grease in Morocco.
641
This report provides an in-depth analysis of the global market for petroleum lubricating oil and grease.
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