Price for Lubricating Preparations Not for the Treatment of Materials in Tanzania - 2022
Contents:
- Price for Lubricating Preparations Not for the Treatment of Materials in Tanzania (CIF) - 2022
- Price for Lubricating Preparations Not for the Treatment of Materials in Tanzania (FOB) - 2022
- Imports of Lubricating Preparations Not for the Treatment of Materials in Tanzania
- Exports of Lubricating Preparations Not for the Treatment of Materials in Tanzania
Price for Lubricating Preparations Not for the Treatment of Materials in Tanzania (CIF) - 2022
In 2022, the average import price for lubricating preparations not for the treatment of materials amounted to $3,518 per ton, growing by 11% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.4%. The most prominent rate of growth was recorded in 2018 when the average import price increased by 12% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in years to come.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($8,609 per ton), while the price for China ($1,266 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+17.6%), 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 Tanzania (FOB) - 2022
In 2022, the average export price for lubricating preparations not for the treatment of materials amounted to $8,012 per ton, with an increase of 409% against the previous year. Overall, the export price showed a strong expansion. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Burundi ($8,106 per ton), while the average price for exports to Germany amounted to $3,350 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Burundi (+35.2%), 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 Tanzania
In 2022, imports of lubricating preparations not for the treatment of materials into Tanzania contracted to 1.5K tons, waning by -8.1% against the previous year's figure. Over the period under review, imports continue to indicate a slight decrease. The most prominent rate of growth was recorded in 2021 when imports increased by 26%. As a result, imports reached the peak of 1.7K tons, and then declined in the following year.
In value terms, imports of lubricating preparations not for the treatment of materials totaled $5.4M in 2022. The total import value increased at an average annual rate of +1.5% 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 with an increase of 30%. Imports peaked in 2022 and are likely to see steady growth in the near future.
| Import of Lubricating Preparations Not for the Treatment of Materials in Tanzania (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Africa | 300 | 1,051 | 1,156 | 1,499 | 71.0% |
| India | 816 | 894 | 1,144 | 974 | 6.1% |
| France | 214 | 102 | 236 | 802 | 55.3% |
| Kenya | 818 | 257 | 262 | 491 | -15.6% |
| Germany | 545 | 517 | 373 | 474 | -4.5% |
| Spain | 337 | 261 | 88.2 | 302 | -3.6% |
| China | 225 | 194 | 481 | 250 | 3.6% |
| United Arab Emirates | 937 | 381 | 1,067 | 73.1 | -57.3% |
| Turkey | 405 | 23.5 | 4.7 | 30.3 | -57.9% |
| Others | 606 | 431 | 549 | 551 | -3.1% |
| Total | 5,204 | 4,112 | 5,361 | 5,447 | 1.5% |
Top Suppliers of Lubricating Preparations Not for the Treatment of Materials to Tanzania in 2022:
- Kenya (351.3 tons)
- India (339.7 tons)
- South Africa (210.4 tons)
- China (197.3 tons)
- France (152.6 tons)
- Spain (103.9 tons)
- Germany (55.0 tons)
- United Arab Emirates (23.5 tons)
- Turkey (18.0 tons)
Exports of Lubricating Preparations Not for the Treatment of Materials in Tanzania
In 2022, overseas shipments of lubricating preparations not for the treatment of materials were finally on the rise to reach 34 tons for the first time since 2019, thus ending a two-year declining trend. In general, exports, however, faced a abrupt slump.
In value terms, exports of lubricating preparations not for the treatment of materials soared to $274K in 2022. Overall, exports posted significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Lubricating Preparations Not for the Treatment of Materials in Tanzania (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Burundi | N/A | 53.2 | N/A | 274 | 126.9% |
| Kenya | 90.5 | N/A | N/A | N/A | 0% |
| Uganda | N/A | 1.3 | 3.4 | N/A | 161.5% |
| Mozambique | 6.5 | N/A | N/A | N/A | 0% |
| Rwanda | 5.1 | 1.2 | N/A | N/A | -76.5% |
| Democratic Republic of the Congo | N/A | 0.4 | 15.4 | N/A | 3750.0% |
| Others | 1.1 | 1.7 | 4.1 | 0.3 | -35.2% |
| Total | 103 | 57.8 | 22.9 | 274 | 38.6% |
Top Export Markets for Lubricating Preparations Not for the Treatment of Materials from Tanzania in 2022:
- Burundi (33.8 tons)
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This report provides an in-depth analysis of the market for petroleum lubricating oil and grease in Tanzania.
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This report provides an in-depth analysis of the global market for petroleum lubricating oil and grease.
87
This report provides an in-depth analysis of the market for petroleum lubricating oil and grease in Tanzania.
628
This report provides an in-depth analysis of the global market for petroleum lubricating oil and grease.
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