Price for Lubricating Preparations Not for the Treatment of Materials in South Korea - 2022
Contents:
- Price for Lubricating Preparations Not for the Treatment of Materials in South Korea (CIF) - 2022
- Price for Lubricating Preparations Not for the Treatment of Materials in South Korea (FOB) - 2022
- Imports of Lubricating Preparations Not for the Treatment of Materials in South Korea
- Exports of Lubricating Preparations Not for the Treatment of Materials in South Korea
Price for Lubricating Preparations Not for the Treatment of Materials in South Korea (CIF) - 2022
In December 2022, the average import price for lubricating preparations not for the treatment of materials amounted to $6,179 per ton, waning by -2.8% against the previous month. In general, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in February 2022 an increase of 9.1% against the previous month. The import price peaked at $6,357 per ton in November 2022, and then reduced slightly in the following month.
There were significant differences in the average prices amongst the major supplying countries. In December 2022, the country with the highest price was the United States ($10,309 per ton), while the price for Italy ($3,486 per ton) was amongst the lowest.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was attained by Switzerland (+3.3%), 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 Korea (FOB) - 2022
In December 2022, the average export price for lubricating preparations not for the treatment of materials amounted to $3,599 per ton, declining by -6% against the previous month. Over the period under review, the export price saw a relatively flat trend pattern. The growth pace was the most rapid in October 2022 an increase of 9.3% month-to-month. As a result, the export price attained the peak level of $3,889 per ton. From November 2022 to December 2022, the the average export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Japan ($4,871 per ton), while the average price for exports to Uzbekistan ($2,380 per ton) was amongst the lowest.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was recorded for supplies to Japan (+3.3%), 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 South Korea
Imports of lubricating preparations not for the treatment of materials into South Korea fell slightly to 62K tons in 2022, waning by -4.5% on the year before. In general, imports saw a pronounced setback. The most prominent rate of growth was recorded in 2021 with an increase of 12%.
In value terms, imports of lubricating preparations not for the treatment of materials amounted to $360M in 2022. Overall, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 16%. 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 immediate term.
| Import of Lubricating Preparations Not for the Treatment of Materials in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 115 | 90.6 | 108 | 93.9 | -6.5% |
| United States | 75.0 | 61.9 | 75.9 | 77.9 | 1.3% |
| Germany | 56.5 | 46.4 | 52.5 | 50.2 | -3.9% |
| France | 25.0 | 24.3 | 30.1 | 30.1 | 6.4% |
| China | 13.1 | 12.5 | 10.5 | 16.3 | 7.6% |
| Taiwan (Chinese) | 4.8 | 8.4 | 7.4 | 13.9 | 42.5% |
| Spain | 9.3 | 8.4 | 9.2 | 13.0 | 11.8% |
| Switzerland | 6.2 | 6.5 | 9.0 | 9.9 | 16.9% |
| Italy | 5.9 | 4.6 | 5.0 | 5.0 | -5.4% |
| Others | 42.8 | 43.0 | 47.9 | 50.0 | 5.3% |
| Total | 353 | 307 | 355 | 360 | 0.7% |
Top Suppliers of Lubricating Preparations Not for the Treatment of Materials to South Korea in 2022:
- Japan (18.1K tons)
- United States (8.4K tons)
- Germany (7.7K tons)
- France (6.2K tons)
- China (4.0K tons)
- Spain (3.3K tons)
- Taiwan (Chinese) (2.9K tons)
- Switzerland (2.0K tons)
- Italy (1.8K tons)
Exports of Lubricating Preparations Not for the Treatment of Materials in South Korea
In 2022, exports of lubricating preparations not for the treatment of materials from South Korea fell to 75K tons, declining by -1.7% against the previous year. In general, exports showed a pronounced descent. The pace of growth appeared the most rapid in 2021 when exports increased by 11% against the previous year.
In value terms, exports of lubricating preparations not for the treatment of materials declined modestly to $267M in 2022. Overall, exports recorded a pronounced descent. The most prominent rate of growth was recorded in 2021 when exports increased by 18%.
| Export of Lubricating Preparations Not for the Treatment of Materials in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 183 | 116 | 136 | 111 | -15.4% |
| Vietnam | 32.3 | 31.9 | 34.2 | 41.7 | 8.9% |
| India | 13.1 | 14.4 | 15.3 | 23.0 | 20.6% |
| Thailand | 12.7 | 11.6 | 13.3 | 12.6 | -0.3% |
| Japan | 12.1 | 10.1 | 10.2 | 9.8 | -6.8% |
| Indonesia | 9.2 | 6.2 | 7.8 | 9.4 | 0.7% |
| Taiwan (Chinese) | 6.4 | 6.3 | 8.9 | 9.0 | 12.0% |
| United States | 5.8 | 5.2 | 9.7 | 7.3 | 8.0% |
| Mexico | 3.8 | 5.1 | 5.6 | 6.8 | 21.4% |
| Uzbekistan | 3.8 | 4.5 | 3.6 | 6.2 | 17.7% |
| Others | 28.8 | 22.3 | 31.7 | 30.6 | 2.0% |
| Total | 311 | 234 | 276 | 267 | -5.0% |
Top Export Markets for Lubricating Preparations Not for the Treatment of Materials from South Korea in 2022:
- China (27.1K tons)
- Vietnam (14.7K tons)
- India (6.0K tons)
- Indonesia (3.1K tons)
- Thailand (3.0K tons)
- Taiwan (Chinese) (2.9K tons)
- Uzbekistan (2.5K tons)
- Japan (2.5K tons)
- Mexico (2.0K tons)
- United States (1.3K tons)
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This report provides an in-depth analysis of the market for petroleum lubricating oil and grease in Republic of Korea.
638
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 Republic of Korea.
638
This report provides an in-depth analysis of the global market for petroleum lubricating oil and grease.
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