Price for Lubricating Preparations Not for the Treatment of Materials in Singapore - 2022
Contents:
- Price for Lubricating Preparations Not for the Treatment of Materials in Singapore (FOB) - 2022
- Price for Lubricating Preparations Not for the Treatment of Materials in Singapore (CIF) - 2022
- Exports of Lubricating Preparations Not for the Treatment of Materials in Singapore
- Imports of Lubricating Preparations Not for the Treatment of Materials in Singapore
Price for Lubricating Preparations Not for the Treatment of Materials in Singapore (FOB) - 2022
The average export price for lubricating preparations not for the treatment of materials stood at $9,773 per ton in September 2022, with an increase of 6.9% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +1.9%. The most prominent rate of growth was recorded in January 2022 an increase of 32% against the previous month. The export price peaked in September 2022.
Prices varied noticeably by the country of destination: the country with the highest price was the Philippines ($14,176 per ton), while the average price for exports to Malaysia ($6,335 per ton) was amongst the lowest.
From September 2021 to September 2022, the most notable rate of growth in terms of prices was recorded for supplies to Indonesia (+5.1%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Lubricating Preparations Not for the Treatment of Materials in Singapore (CIF) - 2022
The average import price for lubricating preparations not for the treatment of materials stood at $10,819 per ton in September 2022, approximately equating the previous month. In general, import price indicated a measured expansion from September 2021 to September 2022: its price increased at an average monthly rate of +4.1% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on September 2022 figures, import price for lubricating preparations not for the treatment of materials increased by +24.9% against April 2022 indices. The most prominent rate of growth was recorded in January 2022 when the average import price increased by 32% month-to-month. Over the period under review, average import prices reached the peak figure at $10,834 per ton in August 2022, and then reduced slightly in the following month.
There were significant differences in the average prices amongst the major supplying countries. In September 2022, the country with the highest price was Japan ($53,840 per ton), while the price for South Korea ($3,997 per ton) was amongst the lowest.
From September 2021 to September 2022, the most notable rate of growth in terms of prices was attained by India (+7.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Lubricating Preparations Not for the Treatment of Materials in Singapore
In 2022, approx. 104K tons of lubricating preparations not for the treatment of materials were exported from Singapore; waning by -23.3% against 2021 figures. Over the period under review, exports showed a deep setback. The pace of growth appeared the most rapid in 2021 with an increase of 7.4%.
In value terms, exports of lubricating preparations not for the treatment of materials declined dramatically to $710M in 2022. Overall, exports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 when exports increased by 28% against the previous year. As a result, the exports attained the peak of $865M, and then shrank remarkably in the following year.
| Export of Lubricating Preparations Not for the Treatment of Materials in Singapore (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 367 | 363 | 482 | 254 | -11.5% |
| Malaysia | 51.3 | 56.0 | 69.1 | 91.1 | 21.1% |
| Indonesia | 66.0 | 56.8 | 60.9 | 86.9 | 9.6% |
| Australia | 34.3 | 33.3 | 44.2 | 50.7 | 13.9% |
| India | 24.3 | 16.4 | 27.0 | 38.1 | 16.2% |
| Thailand | 40.4 | 34.5 | 43.6 | 36.3 | -3.5% |
| Taiwan (Chinese) | 9.5 | 9.8 | 15.9 | 22.9 | 34.1% |
| South Korea | 17.5 | 22.2 | 22.0 | 19.4 | 3.5% |
| Vietnam | 18.0 | 16.0 | 19.6 | 18.7 | 1.3% |
| Philippines | 22.5 | 13.3 | 25.5 | 15.3 | -12.1% |
| Japan | 13.5 | 13.8 | 12.9 | 14.2 | 1.7% |
| Others | 51.2 | 42.9 | 43.4 | 62.3 | 6.8% |
| Total | 715 | 678 | 865 | 710 | -0.2% |
Top Export Markets for Lubricating Preparations Not for the Treatment of Materials from Singapore in 2022:
- China (38.2K tons)
- Malaysia (22.5K tons)
- India (7.3K tons)
- Indonesia (7.1K tons)
- Australia (6.0K tons)
- Thailand (3.8K tons)
- Taiwan (Chinese) (2.7K tons)
- Vietnam (2.3K tons)
- South Korea (2.3K tons)
- Japan (1.9K tons)
- Philippines (1.6K tons)
Imports of Lubricating Preparations Not for the Treatment of Materials in Singapore
In 2022, the amount of lubricating preparations not for the treatment of materials imported into Singapore expanded significantly to 48K tons, growing by 7% against the previous year's figure. Overall, imports, however, recorded a mild reduction. The pace of growth was the most pronounced in 2021 when imports increased by 8.5%.
In value terms, imports of lubricating preparations not for the treatment of materials soared to $375M in 2022. The total import value increased at an average annual rate of +6.2% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Lubricating Preparations Not for the Treatment of Materials in Singapore (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 151 | 115 | 124 | 161 | 2.2% |
| France | 23.5 | 23.7 | 26.7 | 44.0 | 23.3% |
| Japan | 31.7 | 31.2 | 40.3 | 33.0 | 1.3% |
| Germany | 17.8 | 20.8 | 24.1 | 30.3 | 19.4% |
| United Kingdom | 17.8 | 16.4 | 21.8 | 21.3 | 6.2% |
| China | 8.6 | 6.5 | 13.4 | 19.8 | 32.0% |
| Belgium | 18.6 | 12.2 | 9.0 | 16.3 | -4.3% |
| Switzerland | 10.0 | 10.4 | 12.2 | 13.4 | 10.2% |
| Thailand | 4.9 | 4.4 | 4.6 | 5.1 | 1.3% |
| Netherlands | 6.8 | 4.5 | 5.0 | 4.8 | -11.0% |
| South Korea | 2.2 | 2.6 | 3.3 | 4.1 | 23.1% |
| India | 1.0 | 1.2 | 2.1 | 2.3 | 32.0% |
| Others | 20.2 | 17.0 | 20.2 | 19.6 | -1.0% |
| Total | 314 | 266 | 307 | 375 | 6.1% |
Top Suppliers of Lubricating Preparations Not for the Treatment of Materials to Singapore in 2022:
- United States (18.7K tons)
- France (7.6K tons)
- China (4.1K tons)
- Germany (4.0K tons)
- Switzerland (2.2K tons)
- United Kingdom (2.1K tons)
- Belgium (1.6K tons)
- Japan (1.4K tons)
- South Korea (1.4K tons)
- Thailand (1.1K tons)
- India (0.7K tons)
- Netherlands (0.5K tons)
467
This report provides an in-depth analysis of the market for petroleum lubricating oil and grease in Singapore.
628
This report provides an in-depth analysis of the global market for petroleum lubricating oil and grease.
467
This report provides an in-depth analysis of the market for petroleum lubricating oil and grease in Singapore.
628
This report provides an in-depth analysis of the global market for petroleum lubricating oil and grease.
Nothing found. Please try again.
