Price for Lubricating Preparations Not for the Treatment of Materials in Myanmar - 2022
Contents:
- Price for Lubricating Preparations Not for the Treatment of Materials in Myanmar (CIF) - 2022
- Price for Lubricating Preparations Not for the Treatment of Materials in Myanmar (FOB) - 2022
- Imports of Lubricating Preparations Not for the Treatment of Materials in Myanmar
- Exports of Lubricating Preparations Not for the Treatment of Materials in Myanmar
Price for Lubricating Preparations Not for the Treatment of Materials in Myanmar (CIF) - 2022
In 2022, the average import price for lubricating preparations not for the treatment of materials amounted to $2,000 per ton, approximately reflecting the previous year. In general, the import price continues to indicate a perceptible downturn. The pace of growth was the most pronounced in 2017 an increase of 39% against the previous year. Over the period under review, average import prices attained the maximum at $2,740 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Vietnam ($2,970 per ton), while the price for Malaysia ($1,486 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+28.7%), 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 Myanmar (FOB) - 2022
In 2022, the average export price for lubricating preparations not for the treatment of materials amounted to $4,100 per ton, reducing by -19.6% against the previous year. Overall, export price indicated moderate growth from 2012 to 2022: its price increased at an average annual rate of +3.0% 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 decreased by -21.4% against 2020 indices. The pace of growth appeared the most rapid in 2018 when the average export price increased by 21% against the previous year. Over the period under review, the average export prices hit record highs at $5,216 per ton in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for Thailand.
From 2012 to 2022, the rate of growth in terms of prices for Malaysia amounted to +5.1% per year.
Imports of Lubricating Preparations Not for the Treatment of Materials in Myanmar
Imports of lubricating preparations not for the treatment of materials into Myanmar shrank significantly to 2.3K tons in 2022, with a decrease of -16.9% against 2021 figures. Overall, imports recorded a deep downturn. The most prominent rate of growth was recorded in 2021 when imports increased by 77% against the previous year.
In value terms, imports of lubricating preparations not for the treatment of materials fell dramatically to $4.6M in 2022. Over the period under review, imports continue to indicate a pronounced setback. The most prominent rate of growth was recorded in 2021 when imports increased by 71%. As a result, imports attained the peak of $5.5M, and then reduced rapidly in the following year.
| Import of Lubricating Preparations Not for the Treatment of Materials in Myanmar (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | 490 | 243 | 787 | 2,516 | 72.5% |
| Vietnam | 350 | 259 | 297 | 569 | 17.6% |
| China | 996 | 329 | 416 | 501 | -20.5% |
| South Korea | 157 | 136 | 236 | 63.2 | -26.2% |
| United Arab Emirates | 70.9 | 47.2 | 89.8 | N/A | 12.5% |
| Singapore | 458 | 491 | 1,472 | N/A | 79.3% |
| Iran | 983 | 636 | 921 | N/A | -3.2% |
| Australia | 161 | 57.0 | 89.5 | N/A | -25.4% |
| Others | 1,538 | 1,040 | 1,221 | 935 | -15.3% |
| Total | 5,204 | 3,239 | 5,530 | 4,585 | -4.1% |
Top Suppliers of Lubricating Preparations Not for the Treatment of Materials to Myanmar in 2022:
- Thailand (1683.2 tons)
- China (257.3 tons)
- Vietnam (191.7 tons)
- South Korea (38.8 tons)
Exports of Lubricating Preparations Not for the Treatment of Materials in Myanmar
Exports of lubricating preparations not for the treatment of materials from Myanmar contracted markedly to 3.4 tons in 2022, falling by -90.8% on the previous year. Over the period under review, exports, however, recorded a significant expansion. The pace of growth appeared the most rapid in 2021 when exports increased by 3,847% against the previous year. As a result, the exports attained the peak of 36 tons, and then reduced markedly in the following year.
In value terms, exports of lubricating preparations not for the treatment of materials fell sharply to $14K in 2022. Overall, exports, however, continue to indicate significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 3,759% against the previous year. As a result, the exports reached the peak of $185K, and then reduced remarkably in the following year.
| Export of Lubricating Preparations Not for the Treatment of Materials in Myanmar (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | 0.6 | 0.8 | 6.8 | 13.7 | 183.7% |
| Vietnam | 0.3 | 0.5 | 167 | N/A | 2259.4% |
| Malaysia | 4.1 | 2.1 | 2.3 | N/A | -25.1% |
| Others | 2.6 | 1.5 | 9.7 | N/A | 93.2% |
| Total | 7.6 | 4.8 | 185 | 13.7 | 21.7% |
Top Export Markets for Lubricating Preparations Not for the Treatment of Materials from Myanmar in 2022:
- Thailand (3.4 tons)
922
This report provides an in-depth analysis of the market for petroleum lubricating oil and grease in Myanmar.
638
This report provides an in-depth analysis of the global market for petroleum lubricating oil and grease.
922
This report provides an in-depth analysis of the market for petroleum lubricating oil and grease in Myanmar.
638
This report provides an in-depth analysis of the global market for petroleum lubricating oil and grease.
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