Price for Lubricating Preparations Not for the Treatment of Materials in Thailand - 2023
Contents:
- Price for Lubricating Preparations Not for the Treatment of Materials in Thailand (CIF) - 2023
- Price for Lubricating Preparations Not for the Treatment of Materials in Thailand (FOB) - 2023
- Imports of Lubricating Preparations Not for the Treatment of Materials in Thailand
- Exports of Lubricating Preparations Not for the Treatment of Materials in Thailand
Price for Lubricating Preparations Not for the Treatment of Materials in Thailand (CIF) - 2023
The average import price for lubricating preparations not for the treatment of materials stood at $4,184 per ton in September 2023, reducing by -8.5% against the previous month. Over the period under review, the import price showed a mild shrinkage. The most prominent rate of growth was recorded in June 2023 when the average import price increased by 5.9% month-to-month. The import price peaked at $4,990 per ton in November 2022; however, from December 2022 to September 2023, import prices stood at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Germany ($8,624 per ton), while the price for Indonesia ($1,717 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 Taiwan (Chinese) (+3.8%), 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 Thailand (FOB) - 2023
The average export price for lubricating preparations not for the treatment of materials stood at $2,856 per ton in September 2023, falling by -8.3% against the previous month. Overall, the export price continues to indicate a mild curtailment. The most prominent rate of growth was recorded in January 2023 when the average export price increased by 20% m-o-m. As a result, the export price attained the peak level of $4,103 per ton. From February 2023 to September 2023, the the average export prices remained at a lower figure.
There were significant differences in the average prices for the major export markets. In September 2023, the country with the highest price was Singapore ($5,643 per ton), while the average price for exports to India ($1,484 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (+0.9%), 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 Thailand
In 2022, the amount of lubricating preparations not for the treatment of materials imported into Thailand declined to 87K tons, waning by -6% against 2021. The total import volume increased at an average annual rate of +4.9% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 25%. As a result, imports reached the peak of 93K tons, and then declined in the following year.
In value terms, imports of lubricating preparations not for the treatment of materials rose slightly to $417M in 2022. The total import value increased at an average annual rate of +7.2% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 24% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.
| Import of Lubricating Preparations Not for the Treatment of Materials in Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 144 | 130 | 180 | 182 | 8.1% |
| United States | 58.1 | 54.6 | 55.1 | 59.7 | 0.9% |
| China | 25.5 | 32.4 | 42.4 | 52.4 | 27.1% |
| Germany | 22.8 | 20.8 | 25.3 | 25.2 | 3.4% |
| Malaysia | 9.3 | 12.1 | 14.2 | 14.9 | 17.0% |
| South Korea | 13.0 | 12.5 | 12.3 | 11.3 | -4.6% |
| France | 8.7 | 9.2 | 11.4 | 9.5 | 3.0% |
| Singapore | 8.8 | 8.9 | 9.6 | 9.3 | 1.9% |
| Spain | 2.8 | 3.4 | 5.5 | 7.0 | 35.7% |
| Italy | 4.3 | 4.3 | 8.4 | 6.0 | 11.7% |
| India | 3.0 | 3.4 | 5.2 | 5.6 | 23.1% |
| Netherlands | 3.5 | 3.2 | 5.2 | 4.1 | 5.4% |
| Indonesia | 4.7 | 2.7 | 4.0 | 4.1 | -4.5% |
| Others | 30.3 | 31.3 | 28.8 | 25.9 | -5.1% |
| Total | 339 | 329 | 408 | 417 | 7.1% |
Top Suppliers of Lubricating Preparations Not for the Treatment of Materials to Thailand in 2022:
- Japan (31.4K tons)
- China (13.9K tons)
- United States (8.8K tons)
- Malaysia (7.4K tons)
- Germany (4.0K tons)
- South Korea (3.1K tons)
- Indonesia (2.3K tons)
- Italy (2.1K tons)
- France (2.1K tons)
- India (2.0K tons)
- Singapore (1.8K tons)
- Netherlands (1.5K tons)
- Spain (1.5K tons)
Exports of Lubricating Preparations Not for the Treatment of Materials in Thailand
In 2022, overseas shipments of lubricating preparations not for the treatment of materials decreased by -10.7% to 26K tons, falling for the second year in a row after two years of growth. The total export volume increased at an average annual rate of +5.8% 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 2020 when exports increased by 40% against the previous year. As a result, the exports attained the peak of 30K tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.
In value terms, exports of lubricating preparations not for the treatment of materials reached $85M in 2022. Over the period under review, exports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when exports increased by 18% against the previous year. As a result, the exports reached the peak of $102M. From 2021 to 2022, the growth of the exports of remained at a lower figure.
| Export of Lubricating Preparations Not for the Treatment of Materials in Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | 6.2 | 4.7 | 11.7 | 13.1 | 28.3% |
| Vietnam | 12.6 | 11.7 | 12.9 | 11.5 | -3.0% |
| Malaysia | 6.6 | 5.2 | 7.0 | 9.2 | 11.7% |
| China | 6.1 | 12.4 | 11.9 | 8.1 | 9.9% |
| Singapore | 4.4 | 4.4 | 4.5 | 4.9 | 3.7% |
| Australia | 2.9 | 3.2 | 4.0 | 4.8 | 18.3% |
| Myanmar | 0.9 | 2.0 | 1.9 | 4.8 | 74.7% |
| India | 4.0 | 3.6 | 4.9 | 3.8 | -1.7% |
| Taiwan (Chinese) | 1.3 | 1.3 | 1.6 | 3.4 | 37.8% |
| Cambodia | 12.8 | 15.2 | 6.1 | 2.9 | -39.0% |
| Pakistan | 0.8 | 0.8 | 1.3 | 2.2 | 40.1% |
| Philippines | 2.3 | 1.7 | 1.9 | 2.0 | -4.6% |
| Bangladesh | 1.5 | 0.8 | 0.7 | 0.9 | -15.7% |
| Others | 24.3 | 35.2 | 14.6 | 13.7 | -17.4% |
| Total | 86.8 | 102 | 85.0 | 85.3 | -0.6% |
Top Export Markets for Lubricating Preparations Not for the Treatment of Materials from Thailand in 2022:
- Indonesia (4.0K tons)
- Vietnam (3.8K tons)
- China (3.5K tons)
- Malaysia (2.8K tons)
- Myanmar (1.8K tons)
- India (1.2K tons)
- Singapore (1.1K tons)
- Australia (1.0K tons)
- Taiwan (Chinese) (0.9K tons)
- Cambodia (0.9K tons)
- Pakistan (0.7K tons)
- Bangladesh (0.7K tons)
- Philippines (0.5K tons)
734
This report provides an in-depth analysis of the market for petroleum lubricating oil and grease in Thailand.
638
This report provides an in-depth analysis of the global market for petroleum lubricating oil and grease.
734
This report provides an in-depth analysis of the market for petroleum lubricating oil and grease in Thailand.
638
This report provides an in-depth analysis of the global market for petroleum lubricating oil and grease.
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