Price for Lubricating Preparations Not for the Treatment of Materials in Norway - 2023

Contents:

1. Price for Lubricating Preparations Not for the Treatment of Materials in Norway (CIF) - 2023
2. Price for Lubricating Preparations Not for the Treatment of Materials in Norway (FOB) - 2022
3. Imports of Lubricating Preparations Not for the Treatment of Materials in Norway
4. Exports of Lubricating Preparations Not for the Treatment of Materials in Norway

Price for Lubricating Preparations Not for the Treatment of Materials in Norway (CIF) - 2023

The average import price for lubricating preparations not for the treatment of materials stood at $7,958 per ton in November 2023, increasing by 7.2% against the previous month. Over the period from November 2022 to November 2023, it increased at an average monthly rate of +1.4%. The most prominent rate of growth was recorded in April 2023 when the average import price increased by 15% month-to-month. Over the period under review, average import prices hit record highs at $8,361 per ton in January 2023; however, from February 2023 to November 2023, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In November 2023, the country with the highest price was the United States ($14,542 per ton), while the price for Italy ($3,319 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 the UK (+3.7%), 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 Norway (FOB) - 2022

The average export price for lubricating preparations not for the treatment of materials stood at $6,650 per ton in 2022, surging by 17% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of 22%. Over the period under review, the average export prices hit record highs at $7,060 per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

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 the UK ($18,511 per ton), while the average price for exports to Zimbabwe ($2,064 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 the UK (+12.6%), 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 Norway

In 2022, after three years of growth, there was significant decline in supplies from abroad of lubricating preparations not for the treatment of materials, when their volume decreased by -14.5% to 18K tons. In general, imports recorded a mild shrinkage. The pace of growth appeared the most rapid in 2020 when imports increased by 8.5%.

In value terms, imports of lubricating preparations not for the treatment of materials contracted modestly to $124M in 2022. The total import value increased at an average annual rate of +3.9% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 14% against the previous year. As a result, imports attained the peak of $130M, and then dropped slightly in the following year.

Top Suppliers of Lubricating Preparations Not for the Treatment of Materials to Norway in 2022:

1. France (3.0K tons)
2. Germany (2.9K tons)
3. Italy (2.8K tons)
4. United Kingdom (2.1K tons)
5. Sweden (1.9K tons)
6. Netherlands (1.1K tons)
7. United States (1.0K tons)
8. Belgium (0.9K tons)
9. Finland (0.7K tons)
10. Switzerland (0.5K tons)

Exports of Lubricating Preparations Not for the Treatment of Materials in Norway

In 2022, after two years of decline, there was significant growth in overseas shipments of lubricating preparations not for the treatment of materials, when their volume increased by 7.6% to 1.8K tons. In general, exports, however, showed a abrupt descent.

In value terms, exports of lubricating preparations not for the treatment of materials surged to $12M in 2022. The total export value increased at an average annual rate of +11.4% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Top Export Markets for Lubricating Preparations Not for the Treatment of Materials from Norway in 2022:

1. Denmark (836.8 tons)
2. Sweden (248.7 tons)
3. Netherlands (112.1 tons)
4. Iceland (82.8 tons)
5. United Kingdom (72.8 tons)
6. South Korea (57.7 tons)
7. China (53.3 tons)
8. Vietnam (37.9 tons)
9. Zimbabwe (34.2 tons)