Price for Lubricating Preparations Not for the Treatment of Materials in New Zealand - 2023
Contents:
- Price for Lubricating Preparations Not for the Treatment of Materials in New Zealand (CIF) - 2023
- Price for Lubricating Preparations Not for the Treatment of Materials in New Zealand (FOB) - 2023
- Imports of Lubricating Preparations Not for the Treatment of Materials in New Zealand
- Exports of Lubricating Preparations Not for the Treatment of Materials in New Zealand
Price for Lubricating Preparations Not for the Treatment of Materials in New Zealand (CIF) - 2023
The average import price for lubricating preparations not for the treatment of materials stood at $3,601 per ton in November 2023, remaining constant against the previous month. Overall, the import price, however, recorded a mild contraction. The most prominent rate of growth was recorded in March 2023 an increase of 14% against the previous month. The import price peaked at $4,646 per ton in June 2023; however, from July 2023 to November 2023, import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was the United States ($7,552 per ton), while the price for Malaysia ($1,646 per ton) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by France (+1.9%), 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 New Zealand (FOB) - 2023
The average export price for lubricating preparations not for the treatment of materials stood at $2,013 per ton in November 2023, which is down by -13.8% against the previous month. Overall, the export price showed a relatively flat trend pattern. The pace of growth was the most pronounced in February 2023 when the average export price increased by 91% month-to-month. As a result, the export price reached the peak level of $4,698 per ton. From March 2023 to November 2023, the the average export prices failed to regain momentum.
There were significant differences in the average prices for the major overseas markets. In November 2023, the country with the highest price was Denmark ($6,604 per ton), while the average price for exports to Australia ($1,704 per ton) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to Australia (+3.1%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Lubricating Preparations Not for the Treatment of Materials in New Zealand
In 2022, the amount of lubricating preparations not for the treatment of materials imported into New Zealand contracted to 20K tons, with a decrease of -5.5% on the previous year. The total import volume increased at an average annual rate of +4.7% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 39%. As a result, imports reached the peak of 21K tons, and then reduced in the following year.
In value terms, imports of lubricating preparations not for the treatment of materials rose to $73M in 2022. Over the period under review, total imports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +7.4% 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 +47.5% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by 45% against the previous year. Over the period under review, imports of lubricating preparations not for treatment of materials reached the peak figure in 2022 and are likely to see gradual growth in years to come.
| Import of Lubricating Preparations Not for the Treatment of Materials in New Zealand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Australia | 25.1 | 22.9 | 29.2 | 29.5 | 5.5% |
| United States | 9.0 | 6.4 | 8.4 | 9.8 | 2.9% |
| Thailand | 0.9 | 2.5 | 8.0 | 9.1 | 116.2% |
| Belgium | 0.3 | 1.0 | 2.5 | 4.4 | 144.8% |
| Germany | 8.1 | 3.5 | 4.5 | 4.2 | -19.7% |
| France | 2.4 | 2.9 | 2.6 | 2.3 | -1.4% |
| Malaysia | 0.2 | 0.2 | 1.5 | 1.8 | 108.0% |
| United Kingdom | 1.3 | 1.1 | 1.6 | 1.7 | 9.4% |
| Singapore | 4.3 | 3.0 | 4.8 | 1.6 | -28.1% |
| China | 1.1 | 1.1 | 1.8 | 1.5 | 10.9% |
| South Korea | 1.8 | 1.0 | 0.7 | 0.9 | -20.6% |
| Others | 4.4 | 3.9 | 5.9 | 6.0 | 10.9% |
| Total | 58.9 | 49.4 | 71.6 | 72.9 | 7.4% |
Top Suppliers of Lubricating Preparations Not for the Treatment of Materials to New Zealand in 2022:
- Australia (9.8K tons)
- Thailand (3.3K tons)
- United States (1.3K tons)
- Belgium (1.2K tons)
- Malaysia (0.8K tons)
- France (0.6K tons)
- Germany (0.6K tons)
- Singapore (0.5K tons)
- United Kingdom (0.4K tons)
- China (0.3K tons)
- South Korea (0.2K tons)
Exports of Lubricating Preparations Not for the Treatment of Materials in New Zealand
In 2022, overseas shipments of lubricating preparations not for the treatment of materials were finally on the rise to reach 2.3K tons after two years of decline. Overall, exports, however, showed a sharp setback.
In value terms, exports of lubricating preparations not for the treatment of materials soared to $7.1M in 2022. Over the period under review, exports, however, showed a dramatic decline.
| Export of Lubricating Preparations Not for the Treatment of Materials in New Zealand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Australia | 2.6 | 2.9 | 2.3 | 2.3 | -4.0% |
| Brazil | N/A | 0.2 | 0.3 | 1.8 | 200.0% |
| Fiji | 0.4 | 0.3 | 0.4 | 1.0 | 35.7% |
| Malaysia | 0.1 | 0.7 | 0.6 | 0.7 | 91.3% |
| Vanuatu | N/A | 0.1 | 0.1 | 0.1 | 0.0% |
| Hong Kong SAR | 1.0 | 1.8 | 0.6 | 0.1 | -53.6% |
| China | 13.5 | 1.8 | N/A | N/A | -86.7% |
| Others | 2.5 | 1.7 | 1.8 | 1.1 | -23.9% |
| Total | 20.1 | 9.5 | 6.0 | 7.1 | -29.3% |
Top Export Markets for Lubricating Preparations Not for the Treatment of Materials from New Zealand in 2022:
- Australia (1409.0 tons)
- Brazil (394.3 tons)
- Malaysia (184.3 tons)
- Fiji (130.7 tons)
- Vanuatu (37.8 tons)
- Hong Kong SAR (34.2 tons)
- China (4.3 tons)
385
This report provides an in-depth analysis of the market for petroleum lubricating oil and grease in New Zealand.
628
This report provides an in-depth analysis of the global market for petroleum lubricating oil and grease.
385
This report provides an in-depth analysis of the market for petroleum lubricating oil and grease in New Zealand.
628
This report provides an in-depth analysis of the global market for petroleum lubricating oil and grease.
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