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

Contents:

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

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

In September 2023, the average import price for lubricating preparations not for the treatment of materials amounted to $4,196 per ton, falling by -20.8% against the previous month. In general, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in May 2023 when the average import price increased by 17% m-o-m. Over the period under review, average import prices reached the peak figure at $5,455 per ton in July 2023; however, from August 2023 to September 2023, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was Germany ($6,336 per ton), while the price for Italy ($3,046 per ton) was amongst the lowest.

From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by the Netherlands (+1.7%), 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 Portugal (FOB) - 2022

The average export price for lubricating preparations not for the treatment of materials stood at $4,943 per ton in 2022, picking up by 7.5% against the previous year. Over the last decade, it increased at an average annual rate of +4.1%. The most prominent rate of growth was recorded in 2014 when the average export price increased by 35% against the previous year. Over the period under review, the average export prices attained the maximum in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Spain ($8,528 per ton), while the average price for exports to Cabo Verde ($1,740 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 Spain (+5.5%), 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 Portugal

For the third consecutive year, Portugal recorded decline in overseas purchases of lubricating preparations not for the treatment of materials, which decreased by -7.4% to 26K tons in 2022. Over the period under review, imports saw a deep slump. The smallest decline of -3.7% was in 2021.

In value terms, imports of lubricating preparations not for the treatment of materials stood at $118M in 2022. The total import value increased at an average annual rate of +5.5% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 when imports increased by 13%. Imports peaked in 2022 and are expected to retain growth in years to come.

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

1. Spain (13.5K tons)
2. Germany (3.6K tons)
3. France (3.2K tons)
4. Italy (1.7K tons)
5. Netherlands (1.5K tons)
6. United Kingdom (0.8K tons)
7. Belgium (0.8K tons)

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

In 2022, exports of lubricating preparations not for the treatment of materials from Portugal expanded slightly to 2K tons, picking up by 3.3% against the previous year's figure. Over the period under review, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by 4.6%.

In value terms, exports of lubricating preparations not for the treatment of materials totaled $9.8M in 2022. The total export value increased at an average annual rate of +7.3% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. As a result, the exports reached 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 Portugal in 2022:

1. Angola (1064.1 tons)
2. Spain (267.5 tons)
3. France (114.2 tons)
4. Cabo Verde (100.7 tons)
5. Algeria (83.5 tons)
6. Morocco (47.3 tons)
7. Mozambique (41.8 tons)