Price for Lubricating Preparations Not for the Treatment of Materials in Serbia - 2023
Contents:
- Price for Lubricating Preparations Not for the Treatment of Materials in Serbia (CIF) - 2023
- Price for Lubricating Preparations Not for the Treatment of Materials in Serbia (FOB) - 2023
- Imports of Lubricating Preparations Not for the Treatment of Materials in Serbia
- Exports of Lubricating Preparations Not for the Treatment of Materials in Serbia
Price for Lubricating Preparations Not for the Treatment of Materials in Serbia (CIF) - 2023
The average import price for lubricating preparations not for the treatment of materials stood at $5,339 per ton in October 2023, shrinking by -7.6% against the previous month. In general, the import price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in September 2023 when the average import price increased by 24% month-to-month. The import price peaked at $6,255 per ton in January 2023; however, from February 2023 to October 2023, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In October 2023, the country with the highest price was the United States ($19,159 per ton), while the price for Turkey ($2,862 per ton) was amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by the United States (+3.9%), 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 Serbia (FOB) - 2023
The average export price for lubricating preparations not for the treatment of materials stood at $5,105 per ton in October 2023, growing by 8.7% against the previous month. Over the period under review, the export price saw a resilient increase. The pace of growth was the most pronounced in March 2023 when the average export price increased by 97% against the previous month. As a result, the export price attained the peak level of $6,241 per ton. From April 2023 to October 2023, the the average export prices remained at a somewhat lower figure.
There were significant differences in the average prices for the major export markets. In October 2023, the country with the highest price was Turkey ($17,132 per ton), while the average price for exports to Croatia ($925 per ton) was amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to Turkey (+5.3%), 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 Serbia
Imports of lubricating preparations not for the treatment of materials into Serbia shrank to 10K tons in 2022, with a decrease of -7.4% against 2021 figures. Overall, imports saw a slight downturn. The growth pace was the most rapid in 2021 when imports increased by 22%. As a result, imports reached the peak of 11K tons, and then shrank in the following year.
In value terms, imports of lubricating preparations not for the treatment of materials reached $48M in 2022. The total import value increased at an average annual rate of +8.5% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 34%. Over the period under review, imports of lubricating preparations not for treatment of materials attained the maximum in 2022 and are likely to see gradual growth in the near future.
| Import of Lubricating Preparations Not for the Treatment of Materials in Serbia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 8.8 | 8.5 | 10.3 | 12.2 | 11.5% |
| Netherlands | 5.1 | 4.7 | 6.7 | 6.6 | 9.0% |
| France | 4.1 | 4.1 | 5.7 | 5.8 | 12.3% |
| Belgium | 1.6 | 1.7 | 3.5 | 4.1 | 36.8% |
| Italy | 3.4 | 4.7 | 5.4 | 3.9 | 4.7% |
| Slovenia | 4.5 | 3.7 | 4.9 | 3.5 | -8.0% |
| United States | 1.7 | 1.6 | 2.2 | 2.5 | 13.7% |
| United Kingdom | 2.2 | 2.1 | 2.6 | 2.3 | 1.5% |
| Turkey | 0.9 | 0.8 | 1.1 | 1.0 | 3.6% |
| Austria | 0.6 | 0.5 | 0.9 | 1.0 | 18.6% |
| Mexico | 0.9 | 0.4 | 0.3 | 0.6 | -12.6% |
| Others | 3.7 | 3.3 | 4.4 | 4.5 | 6.7% |
| Total | 37.6 | 35.9 | 48.0 | 48.0 | 8.5% |
Top Suppliers of Lubricating Preparations Not for the Treatment of Materials to Serbia in 2022:
- Germany (2233.4 tons)
- Netherlands (2186.3 tons)
- France (1417.5 tons)
- Italy (905.3 tons)
- Slovenia (649.0 tons)
- Belgium (586.7 tons)
- United Kingdom (414.6 tons)
- Turkey (346.7 tons)
- United States (236.6 tons)
- Austria (187.0 tons)
- Mexico (153.8 tons)
Exports of Lubricating Preparations Not for the Treatment of Materials in Serbia
Exports of lubricating preparations not for the treatment of materials from Serbia fell to 3.7K tons in 2022, flattening at 2021. Over the period under review, exports continue to indicate a mild setback. The most prominent rate of growth was recorded in 2021 with an increase of 29%.
In value terms, exports of lubricating preparations not for the treatment of materials stood at $8.8M in 2022. In general, total exports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +9.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +45.5% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 44% against the previous year. The exports peaked in 2022 and are likely to see steady growth in years to come.
| Export of Lubricating Preparations Not for the Treatment of Materials in Serbia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Bosnia and Herzegovina | 1,032 | 1,123 | 1,891 | 1,348 | 9.3% |
| Belgium | 0.2 | N/A | 1,963 | 1,034 | 1629.1% |
| Slovenia | 859 | 787 | 1,173 | 913 | 2.1% |
| Croatia | 792 | 581 | 583 | 840 | 2.0% |
| Montenegro | 1,047 | 869 | 884 | 829 | -7.5% |
| North Macedonia | 826 | 780 | 1,066 | 789 | -1.5% |
| Albania | 378 | 554 | 445 | 233 | -14.9% |
| Romania | 683 | 343 | 79.7 | 116 | -44.6% |
| Slovakia | 381 | 266 | 110 | 35.6 | -54.6% |
| Poland | 440 | 36.6 | 43.7 | 20.6 | -64.0% |
| Others | 314 | 728 | 511 | 2,669 | 104.1% |
| Total | 6,754 | 6,068 | 8,749 | 8,829 | 9.3% |
Top Export Markets for Lubricating Preparations Not for the Treatment of Materials from Serbia in 2022:
- Belgium (1242.4 tons)
- Slovenia (875.0 tons)
- Croatia (630.8 tons)
- Bosnia and Herzegovina (229.8 tons)
- North Macedonia (154.7 tons)
- Montenegro (123.5 tons)
- Romania (92.4 tons)
- Slovakia (57.0 tons)
- Albania (39.0 tons)
- Poland (3.6 tons)
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This report provides an in-depth analysis of the market for petroleum lubricating oil and grease in Serbia.
638
This report provides an in-depth analysis of the global market for petroleum lubricating oil and grease.
108
This report provides an in-depth analysis of the market for petroleum lubricating oil and grease in Serbia.
638
This report provides an in-depth analysis of the global market for petroleum lubricating oil and grease.
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