Price for Lubricating Preparations Not for the Treatment of Materials in Spain - 2023
Contents:
- Price for Lubricating Preparations Not for the Treatment of Materials in Spain (FOB) - 2022
- Price for Lubricating Preparations Not for the Treatment of Materials in Spain (CIF) - 2023
- Exports of Lubricating Preparations Not for the Treatment of Materials in Spain
- Imports of Lubricating Preparations Not for the Treatment of Materials in Spain
Price for Lubricating Preparations Not for the Treatment of Materials in Spain (FOB) - 2022
The average export price for lubricating preparations not for the treatment of materials stood at $3,758 per ton in 2022, rising by 4.8% against the previous year. Over the last decade, it increased at an average annual rate of +1.7%. The pace of growth was the most pronounced in 2018 when the average export price increased by 11%. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in the near future.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($7,034 per ton), while the average price for exports to Romania ($1,840 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 Poland (+4.4%), 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 Spain (CIF) - 2023
In September 2023, the average import price for lubricating preparations not for the treatment of materials amounted to $4,410 per ton, declining by -16% against the previous month. In general, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in April 2023 an increase of 62% month-to-month. The import price peaked at $7,019 per ton in July 2023; however, from August 2023 to September 2023, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In September 2023, the country with the highest price was Belgium ($8,938 per ton), while the price for the Netherlands ($1,940 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Germany (+5.4%), 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 Spain
Exports of lubricating preparations not for the treatment of materials from Spain was estimated at 113K tons in 2022, therefore, remained relatively stable against the year before. The total export volume increased at an average annual rate of +1.2% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The pace of growth was the most pronounced in 2021 when exports increased by 15% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.
In value terms, exports of lubricating preparations not for the treatment of materials stood at $424M in 2022. The total export value increased at an average annual rate of +8.1% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when exports increased by 28% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.
| Export of Lubricating Preparations Not for the Treatment of Materials in Spain (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 52.4 | 49.2 | 56.8 | 60.0 | 4.6% |
| Portugal | 47.5 | 49.3 | 59.5 | 50.4 | 2.0% |
| France | 28.9 | 19.7 | 32.9 | 36.1 | 7.7% |
| China | 22.8 | 22.9 | 29.0 | 24.5 | 2.4% |
| Italy | 17.8 | 14.1 | 20.6 | 22.2 | 7.6% |
| Turkey | 11.8 | 13.0 | 15.5 | 20.0 | 19.2% |
| Morocco | 6.6 | 8.1 | 11.8 | 15.0 | 31.5% |
| United Kingdom | 9.0 | 12.1 | 13.2 | 13.4 | 14.2% |
| Poland | 8.6 | 7.6 | 8.9 | 10.4 | 6.5% |
| Mexico | 5.0 | 4.2 | 7.2 | 8.7 | 20.3% |
| South Korea | 3.4 | 3.2 | 4.6 | 7.4 | 29.6% |
| India | 4.8 | 3.9 | 6.1 | 6.2 | 8.9% |
| Romania | 3.1 | 2.7 | 3.4 | 4.3 | 11.5% |
| Others | 114 | 106 | 134 | 146 | 8.6% |
| Total | 336 | 316 | 403 | 424 | 8.1% |
Top Export Markets for Lubricating Preparations Not for the Treatment of Materials from Spain in 2022:
- Portugal (14.0K tons)
- France (9.6K tons)
- Germany (8.5K tons)
- Italy (7.6K tons)
- Turkey (7.2K tons)
- China (6.8K tons)
- Morocco (4.1K tons)
- United Kingdom (3.2K tons)
- South Korea (3.0K tons)
- Poland (2.5K tons)
- Mexico (2.4K tons)
- Romania (2.3K tons)
- India (2.3K tons)
Imports of Lubricating Preparations Not for the Treatment of Materials in Spain
Imports of lubricating preparations not for the treatment of materials into Spain stood at 97K tons in 2022, with an increase of 15% compared with the previous year. The total import volume increased at an average annual rate of +9.2% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 22%. Imports peaked in 2022 and are expected to retain growth in the near future.
In value terms, imports of lubricating preparations not for the treatment of materials expanded rapidly to $381M in 2022. The total import value increased at an average annual rate of +10.1% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 24% against the previous year. Over the period under review, imports of lubricating preparations not for treatment of materials attained the peak figure in 2022 and are likely to see steady growth in the immediate term.
| Import of Lubricating Preparations Not for the Treatment of Materials in Spain (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 90.7 | 82.0 | 99.3 | 106 | 5.3% |
| France | 84.2 | 84.7 | 100 | 102 | 6.6% |
| Netherlands | 26.3 | 22.0 | 28.0 | 60.4 | 31.9% |
| Belgium | 23.5 | 25.9 | 30.1 | 35.1 | 14.3% |
| Italy | 16.5 | 23.1 | 36.7 | 30.1 | 22.2% |
| United States | 15.4 | 8.8 | 10.6 | 11.4 | -9.5% |
| United Kingdom | 11.9 | 11.4 | 11.1 | 8.1 | -12.0% |
| Others | 16.9 | 16.2 | 24.7 | 27.7 | 17.9% |
| Total | 285 | 274 | 340 | 381 | 10.2% |
Top Suppliers of Lubricating Preparations Not for the Treatment of Materials to Spain in 2022:
- Netherlands (30.9K tons)
- France (24.6K tons)
- Germany (20.4K tons)
- Italy (9.6K tons)
- Belgium (4.7K tons)
- United Kingdom (1.3K tons)
- United States (1.2K tons)
296
This report provides an in-depth analysis of the market for petroleum lubricating oil and grease in Spain.
638
This report provides an in-depth analysis of the global market for petroleum lubricating oil and grease.
296
This report provides an in-depth analysis of the market for petroleum lubricating oil and grease in Spain.
638
This report provides an in-depth analysis of the global market for petroleum lubricating oil and grease.
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