Price for Lubricating Preparations Not for the Treatment of Materials in Oman - 2022

Contents:

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

Price for Lubricating Preparations Not for the Treatment of Materials in Oman (CIF) - 2022

The average import price for lubricating preparations not for the treatment of materials stood at $5,781 per ton in December 2022, remaining constant against the previous month. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in May 2022 when the average import price increased by 5.8% against the previous month. As a result, import price attained the peak level of $6,116 per ton. From June 2022 to December 2022, the average import prices remained at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In December 2022, the countries with the highest prices were the United States ($7,084 per ton) and Germany ($6,646 per ton), while the price for China ($5,133 per ton) and Japan ($5,133 per ton) were amongst the lowest.

From January 2022 to December 2022, the most notable rate of growth in terms of prices was attained by Qatar (+0.7%), 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 Oman (FOB) - 2022

The average export price for lubricating preparations not for the treatment of materials stood at $4,046 per ton in December 2022, which is down by -17.5% against the previous month. Over the period under review, the export price showed a relatively flat trend pattern. The pace of growth was the most pronounced in July 2022 when the average export price increased by 23% m-o-m. As a result, the export price attained the peak level of $6,255 per ton. From August 2022 to December 2022, the the average export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In December 2022, the country with the highest price was India ($7,233 per ton), while the average price for exports to the United Arab Emirates ($2,543 per ton) was amongst the lowest.

From January 2022 to December 2022, the most notable rate of growth in terms of prices was recorded for supplies to India (+3.5%), 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 Oman

Imports of lubricating preparations not for the treatment of materials into Oman rose remarkably to 7K tons in 2022, picking up by 7.5% on the previous year's figure. The total import volume increased at an average annual rate of +13.0% 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 2020 with an increase of 18% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, imports of lubricating preparations not for the treatment of materials surged to $38M in 2022. Overall, total imports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +13.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +53.2% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

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

1. United Arab Emirates (7.0K tons)

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

In 2022, exports of lubricating preparations not for the treatment of materials from Oman dropped sharply to 487 tons, waning by -32.8% against 2021 figures. Over the period under review, exports showed a deep slump. The pace of growth was the most pronounced in 2021 with an increase of 72% against the previous year. As a result, the exports reached the peak of 725 tons, and then contracted rapidly in the following year.

In value terms, exports of lubricating preparations not for the treatment of materials fell markedly to $1.1M in 2022. Overall, exports saw a dramatic downturn. The pace of growth appeared the most rapid in 2021 with an increase of 181%. As a result, the exports attained the peak of $2.7M, and then plummeted in the following year.

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

1. United Arab Emirates (487.2 tons)