Price for Lubricating Preparations Not for the Treatment of Materials in South Africa - 2023
Contents:
- Price for Lubricating Preparations Not for the Treatment of Materials in South Africa (CIF) - 2023
- Price for Lubricating Preparations Not for the Treatment of Materials in South Africa (FOB) - 2022
- Imports of Lubricating Preparations Not for the Treatment of Materials in South Africa
- Exports of Lubricating Preparations Not for the Treatment of Materials in South Africa
Price for Lubricating Preparations Not for the Treatment of Materials in South Africa (CIF) - 2023
The average import price for lubricating preparations not for the treatment of materials stood at $5,657 per ton in November 2023, dropping by -13.3% against the previous month. Overall, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in October 2023 an increase of 33% m-o-m. Over the period under review, average import prices attained the maximum at $6,946 per ton in May 2023; however, from June 2023 to November 2023, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Belgium ($8,737 per ton), while the price for India ($2,121 per ton) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Belgium (+6.2%), 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 South Africa (FOB) - 2022
The average export price for lubricating preparations not for the treatment of materials stood at $4,550 per ton in 2022, increasing by 18% against the previous year. In general, the export price, however, saw a mild shrinkage. The most prominent rate of growth was recorded in 2021 an increase of 29% against the previous year. Over the period under review, the average export prices attained the maximum at $5,078 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Norway ($12,291 per ton), while the average price for exports to Lesotho ($1,785 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 Democratic Republic of the Congo (+8.5%), 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 South Africa
Imports of lubricating preparations not for the treatment of materials into South Africa reached 29K tons in 2022, surging by 2% compared with the previous year. Over the period under review, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 10% against the previous year.
In value terms, imports of lubricating preparations not for the treatment of materials skyrocketed to $153M in 2022. The total import value increased at an average annual rate of +7.2% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 with an increase of 19% against the previous year. 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 near future.
| Import of Lubricating Preparations Not for the Treatment of Materials in South Africa (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 32.7 | 27.6 | 37.0 | 47.6 | 13.3% |
| United States | 30.7 | 26.7 | 28.8 | 35.5 | 5.0% |
| France | 13.0 | 13.1 | 12.8 | 14.8 | 4.4% |
| Italy | 5.2 | 6.5 | 9.2 | 9.6 | 22.7% |
| Netherlands | 4.6 | 3.3 | 7.7 | 7.3 | 16.6% |
| United Kingdom | 6.8 | 3.8 | 6.5 | 6.0 | -4.1% |
| Belgium | 12.0 | 11.4 | 7.0 | 6.0 | -20.6% |
| Sweden | 1.9 | 3.1 | 2.5 | 5.6 | 43.4% |
| China | 1.7 | 2.7 | 1.6 | 2.9 | 19.5% |
| South Korea | 2.3 | 1.1 | 2.2 | 1.8 | -7.8% |
| Others | 13.1 | 11.3 | 15.9 | 15.5 | 5.8% |
| Total | 124 | 110 | 131 | 153 | 7.3% |
Top Suppliers of Lubricating Preparations Not for the Treatment of Materials to South Africa in 2022:
- Germany (8.9K tons)
- United States (4.1K tons)
- Italy (3.4K tons)
- France (3.0K tons)
- Netherlands (1.8K tons)
- Sweden (1.3K tons)
- Belgium (1.2K tons)
- United Kingdom (0.9K tons)
- China (0.8K tons)
- South Korea (0.4K tons)
Exports of Lubricating Preparations Not for the Treatment of Materials in South Africa
In 2022, the amount of lubricating preparations not for the treatment of materials exported from South Africa shrank slightly to 11K tons, waning by -3.8% against 2021. In general, exports showed a slight decrease. The most prominent rate of growth was recorded in 2021 with an increase of 2.3% against the previous year. As a result, the exports attained the peak of 12K tons, and then shrank in the following year.
In value terms, exports of lubricating preparations not for the treatment of materials reached $52M in 2022. Over the period under review, exports continue to indicate a slight reduction. The growth pace was the most rapid in 2021 when exports increased by 32% against the previous year.
| Export of Lubricating Preparations Not for the Treatment of Materials in South Africa (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Democratic Republic of the Congo | 2.6 | 1.7 | 5.4 | 8.4 | 47.8% |
| Zambia | 7.1 | 9.0 | 9.1 | 8.1 | 4.5% |
| Namibia | 5.4 | 5.2 | 6.1 | 6.3 | 5.3% |
| Mozambique | 4.1 | 4.3 | 2.9 | 5.8 | 12.3% |
| Botswana | 3.3 | 2.8 | 3.5 | 4.5 | 10.9% |
| Zimbabwe | 3.1 | 2.7 | 3.7 | 3.2 | 1.1% |
| Angola | 2.9 | 0.6 | 1.5 | 2.2 | -8.8% |
| Tanzania | 0.2 | 0.7 | 1.1 | 1.9 | 111.8% |
| Saudi Arabia | 0.6 | 0.5 | 0.8 | 1.1 | 22.4% |
| Ghana | 0.5 | 0.6 | 0.7 | 1.0 | 26.0% |
| Lesotho | 0.9 | 0.4 | 0.7 | 0.9 | 0.0% |
| United States | 3.0 | 0.4 | 0.8 | 0.6 | -41.5% |
| Others | 20.9 | 5.6 | 9.4 | 7.9 | -27.7% |
| Total | 54.6 | 34.7 | 45.8 | 51.8 | -1.7% |
Top Export Markets for Lubricating Preparations Not for the Treatment of Materials from South Africa in 2022:
- Zambia (2105.6 tons)
- Namibia (1418.1 tons)
- Mozambique (1377.3 tons)
- Democratic Republic of the Congo (1104.0 tons)
- Botswana (953.2 tons)
- Zimbabwe (846.7 tons)
- Angola (513.9 tons)
- Lesotho (505.7 tons)
- Tanzania (323.5 tons)
- Saudi Arabia (248.2 tons)
- Ghana (218.8 tons)
- United States (192.1 tons)
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This report provides an in-depth analysis of the market for petroleum lubricating oil and grease in South Africa.
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This report provides an in-depth analysis of the global market for petroleum lubricating oil and grease.
262
This report provides an in-depth analysis of the market for petroleum lubricating oil and grease in South Africa.
638
This report provides an in-depth analysis of the global market for petroleum lubricating oil and grease.
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