Price for Lubricating Preparations Not for the Treatment of Materials in Saudi Arabia - 2022
Contents:
- Price for Lubricating Preparations Not for the Treatment of Materials in Saudi Arabia (CIF) - 2022
- Price for Lubricating Preparations Not for the Treatment of Materials in Saudi Arabia (FOB) - 2022
- Imports of Lubricating Preparations Not for the Treatment of Materials in Saudi Arabia
- Exports of Lubricating Preparations Not for the Treatment of Materials in Saudi Arabia
Price for Lubricating Preparations Not for the Treatment of Materials in Saudi Arabia (CIF) - 2022
In 2022, the average import price for lubricating preparations not for the treatment of materials amounted to $5,060 per ton, reducing by -2% against the previous year. Over the last decade, it increased at an average annual rate of +1.5%. The pace of growth was the most pronounced in 2020 an increase of 11% against the previous year. The import price peaked at $5,161 per ton in 2021, and then contracted slightly in the following year.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the UK ($6,902 per ton), while the price for India ($1,475 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+5.4%), 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 Saudi Arabia (FOB) - 2022
The average export price for lubricating preparations not for the treatment of materials stood at $2,632 per ton in 2022, rising by 57% against the previous year. Over the period under review, the export price enjoyed a resilient expansion. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
As there is only one major export destination, the average price level is determined by prices for the United Arab Emirates.
From 2012 to 2022, the rate of growth in terms of prices for Qatar amounted to +33.1% per year.
Imports of Lubricating Preparations Not for the Treatment of Materials in Saudi Arabia
Imports of lubricating preparations not for the treatment of materials into Saudi Arabia dropped to 17K tons in 2022, approximately equating 2021. In general, imports saw a deep downturn. The most prominent rate of growth was recorded in 2021 when imports increased by 1.3% against the previous year.
In value terms, imports of lubricating preparations not for the treatment of materials declined slightly to $88M in 2022. Over the period under review, imports continue to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2021 when imports increased by 5.6%.
| Import of Lubricating Preparations Not for the Treatment of Materials in Saudi Arabia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 43.0 | 23.4 | 22.4 | 24.2 | -17.4% |
| Germany | 19.2 | 16.6 | 16.4 | 14.2 | -9.6% |
| United Kingdom | 16.1 | 11.9 | 16.7 | 13.8 | -5.0% |
| France | 14.5 | 7.4 | 7.5 | 8.0 | -18.0% |
| Belgium | 4.0 | 1.4 | 4.2 | 3.5 | -4.4% |
| South Korea | 3.8 | 3.9 | 2.7 | 2.8 | -9.7% |
| India | 6.0 | 0.7 | 0.9 | 2.1 | -29.5% |
| United Arab Emirates | 4.9 | 1.5 | 0.9 | 2.0 | -25.8% |
| Italy | 0.8 | 1.4 | 2.3 | 1.9 | 33.4% |
| Others | 21.2 | 17.1 | 16.0 | 15.2 | -10.5% |
| Total | 133 | 85.3 | 90.1 | 87.7 | -13.0% |
Top Suppliers of Lubricating Preparations Not for the Treatment of Materials to Saudi Arabia in 2022:
- United States (3.6K tons)
- Germany (2.7K tons)
- United Kingdom (2.0K tons)
- India (1.4K tons)
- France (1.2K tons)
- Italy (0.8K tons)
- United Arab Emirates (0.8K tons)
- Belgium (0.7K tons)
- South Korea (0.7K tons)
Exports of Lubricating Preparations Not for the Treatment of Materials in Saudi Arabia
In 2022, approx. 1.2K tons of lubricating preparations not for the treatment of materials were exported from Saudi Arabia; reducing by -29.8% on 2021 figures. Over the period under review, exports saw a precipitous curtailment. The pace of growth appeared the most rapid in 2021 when exports increased by 6.7%.
In value terms, exports of lubricating preparations not for the treatment of materials totaled $3.3M in 2022. Overall, exports continue to indicate a significant contraction.
| Export of Lubricating Preparations Not for the Treatment of Materials in Saudi Arabia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 2.1 | 1.1 | 0.7 | 3.3 | 16.3% |
| Jordan | N/A | 0.1 | 1.3 | N/A | 1200.0% |
| Iraq | 0.5 | 0.6 | N/A | N/A | 20.0% |
| Bahrain | N/A | N/A | 0.5 | N/A | 0% |
| Others | 4.6 | 1.8 | 0.5 | N/A | -67.0% |
| Total | 7.2 | 3.6 | 3.0 | 3.3 | -22.9% |
Top Export Markets for Lubricating Preparations Not for the Treatment of Materials from Saudi Arabia in 2022:
- United Arab Emirates (1.2K tons)
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This report provides an in-depth analysis of the market for petroleum lubricating oil and grease in Saudi Arabia.
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This report provides an in-depth analysis of the global market for petroleum lubricating oil and grease.
327
This report provides an in-depth analysis of the market for petroleum lubricating oil and grease in Saudi Arabia.
638
This report provides an in-depth analysis of the global market for petroleum lubricating oil and grease.
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