Price for Lubricating Preparations Not for the Treatment of Materials in Pakistan - 2023
Contents:
- Price for Lubricating Preparations Not for the Treatment of Materials in Pakistan (CIF) - 2023
- Price for Lubricating Preparations Not for the Treatment of Materials in Pakistan (FOB) - 2022
- Imports of Lubricating Preparations Not for the Treatment of Materials in Pakistan
- Exports of Lubricating Preparations Not for the Treatment of Materials in Pakistan
Price for Lubricating Preparations Not for the Treatment of Materials in Pakistan (CIF) - 2023
The average import price for lubricating preparations not for the treatment of materials stood at $3,547 per ton in June 2023, which is down by -5.6% against the previous month. In general, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in January 2023 an increase of 44% against the previous month. Over the period under review, average import prices attained the peak figure at $4,006 per ton in February 2023; however, from March 2023 to June 2023, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In June 2023, the country with the highest price was France ($12,678 per ton), while the price for Turkey ($2,187 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by France (+9.3%), 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 Pakistan (FOB) - 2022
In 2022, the average export price for lubricating preparations not for the treatment of materials amounted to $1,715 per ton, shrinking by -14.1% against the previous year. Over the period under review, the export price showed a pronounced descent. The pace of growth appeared the most rapid in 2016 an increase of 109%. As a result, the export price reached the peak level of $5,501 per ton. From 2017 to 2022, the average export prices failed to regain momentum.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($4,524 per ton), while the average price for exports to Saudi Arabia ($985 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 United States (+7.9%), while the prices for the other major destinations experienced a decline.
Imports of Lubricating Preparations Not for the Treatment of Materials in Pakistan
In 2022, approx. 21K tons of lubricating preparations not for the treatment of materials were imported into Pakistan; remaining constant against the previous year. Over the period under review, imports posted a prominent increase. The pace of growth appeared the most rapid in 2021 with an increase of 92%. Over the period under review, imports of lubricating preparations not for treatment of materials reached the maximum in 2022 and are expected to retain growth in the immediate term.
In value terms, imports of lubricating preparations not for the treatment of materials expanded to $68M in 2022. In general, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 42%. Over the period under review, imports of lubricating preparations not for treatment of materials attained the maximum in 2022 and are likely to see steady growth in years to come.
| Import of Lubricating Preparations Not for the Treatment of Materials in Pakistan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 7.2 | 7.6 | 8.5 | 9.9 | 11.2% |
| China | 4.2 | 4.2 | 5.6 | 7.0 | 18.6% |
| Italy | 2.8 | 2.6 | 5.6 | 5.4 | 24.5% |
| Japan | 3.6 | 3.0 | 4.7 | 4.5 | 7.7% |
| Singapore | 3.0 | 2.1 | 2.2 | 4.3 | 12.7% |
| United States | 5.2 | 4.2 | 5.9 | 4.3 | -6.1% |
| Spain | 3.2 | 2.7 | 4.1 | 3.9 | 6.8% |
| Thailand | 1.7 | 1.3 | 2.8 | 3.3 | 24.7% |
| South Korea | 14.1 | 1.0 | 3.5 | 2.8 | -41.7% |
| Turkey | 1.3 | 1.2 | 0.9 | 2.0 | 15.4% |
| France | 2.6 | 2.4 | 1.6 | 1.8 | -11.5% |
| United Arab Emirates | 3.4 | 2.9 | 3.2 | 1.1 | -31.4% |
| Netherlands | 2.1 | 1.5 | 0.7 | 0.8 | -27.5% |
| Others | 13.5 | 10.6 | 17.7 | 17.1 | 8.2% |
| Total | 67.9 | 47.1 | 66.8 | 68.1 | 0.1% |
Top Suppliers of Lubricating Preparations Not for the Treatment of Materials to Pakistan in 2022:
- Germany (3.4K tons)
- Italy (3.0K tons)
- Spain (1.9K tons)
- China (1.7K tons)
- Japan (1.5K tons)
- Turkey (0.9K tons)
- Singapore (0.9K tons)
- Thailand (0.9K tons)
- United States (0.8K tons)
- France (0.4K tons)
- South Korea (0.4K tons)
- Netherlands (0.3K tons)
- United Arab Emirates (0.1K tons)
Exports of Lubricating Preparations Not for the Treatment of Materials in Pakistan
In 2022, shipments abroad of lubricating preparations not for the treatment of materials decreased by -43.6% to 43 tons, falling for the second year in a row after two years of growth. In general, exports, however, continue to indicate a prominent expansion. The pace of growth was the most pronounced in 2020 when exports increased by 222% against the previous year. As a result, the exports attained the peak of 111 tons. From 2021 to 2022, the growth of the exports of remained at a lower figure.
In value terms, exports of lubricating preparations not for the treatment of materials declined significantly to $74K in 2022. Over the period under review, exports, however, recorded a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 570%. As a result, the exports attained the peak of $215K. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
| Export of Lubricating Preparations Not for the Treatment of Materials in Pakistan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Afghanistan | 3.9 | 17.1 | 4.6 | 38.9 | 115.3% |
| Bangladesh | 14.4 | 126 | 43.3 | 14.7 | 0.7% |
| Canada | N/A | N/A | N/A | 6.9 | 0% |
| Saudi Arabia | N/A | N/A | N/A | 1.0 | 0% |
| Vietnam | 4.0 | N/A | N/A | N/A | 0% |
| Djibouti | N/A | 37.7 | 84.0 | N/A | 122.8% |
| Qatar | 7.5 | 23.5 | N/A | N/A | 213.3% |
| Madagascar | N/A | 2.3 | N/A | N/A | 0% |
| Others | 2.4 | 8.3 | 20.4 | 12.3 | 72.4% |
| Total | 32.1 | 215 | 152 | 73.9 | 32.0% |
Top Export Markets for Lubricating Preparations Not for the Treatment of Materials from Pakistan in 2022:
- Afghanistan (24.1 tons)
- Bangladesh (14.3 tons)
- Canada (2.1 tons)
- Saudi Arabia (1.1 tons)
187
This report provides an in-depth analysis of the market for petroleum lubricating oil and grease in Pakistan.
641
This report provides an in-depth analysis of the global market for petroleum lubricating oil and grease.
187
This report provides an in-depth analysis of the market for petroleum lubricating oil and grease in Pakistan.
641
This report provides an in-depth analysis of the global market for petroleum lubricating oil and grease.
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