Price for Lubricating Preparations Not for the Treatment of Materials in the Dominican Republic - 2023

Contents:

1. Price for Lubricating Preparations Not for the Treatment of Materials in the Dominican Republic (CIF) - 2023
2. Price for Lubricating Preparations Not for the Treatment of Materials in the Dominican Republic (FOB) - 2022
3. Imports of Lubricating Preparations Not for the Treatment of Materials in the Dominican Republic
4. Exports of Lubricating Preparations Not for the Treatment of Materials in the Dominican Republic

Price for Lubricating Preparations Not for the Treatment of Materials in the Dominican Republic (CIF) - 2023

In March 2023, the average import price for lubricating preparations not for the treatment of materials amounted to $7,100 per ton, jumping by 30% against the previous month. Overall, import price indicated a temperate expansion from March 2022 to March 2023: its price increased at an average monthly rate of +4.7% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on March 2023 figures, import price for lubricating preparations not for the treatment of materials decreased by -9.4% against January 2023 indices. The pace of growth was the most pronounced in January 2023 when the average import price increased by 52% m-o-m. As a result, import price reached the peak level of $7,841 per ton. From February 2023 to March 2023, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In March 2023, the country with the highest price was Germany ($47,936 per ton), while the price for Mexico ($3,508 per ton) was amongst the lowest.

From March 2022 to March 2023, the most notable rate of growth in terms of prices was attained by Germany (+25.7%), 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 the Dominican Republic (FOB) - 2022

The average export price for lubricating preparations not for the treatment of materials stood at $3,919 per ton in 2022, falling by -9.6% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2019 when the average export price increased by 122% against the previous year. Over the period under review, the average export prices hit record highs at $11,590 per ton in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($4,878 per ton), while the average price for exports to Haiti amounted to $3,903 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+6.4%).

Imports of Lubricating Preparations Not for the Treatment of Materials in the Dominican Republic

In 2022, the amount of lubricating preparations not for the treatment of materials imported into the Dominican Republic skyrocketed to 2K tons, picking up by 21% against 2021 figures. Over the period under review, imports, however, showed a abrupt descent. The most prominent rate of growth was recorded in 2021 with an increase of 36%.

In value terms, imports of lubricating preparations not for the treatment of materials skyrocketed to $10M in 2022. Overall, imports, however, continue to indicate a abrupt decrease.

Top Suppliers of Lubricating Preparations Not for the Treatment of Materials to the Dominican Republic in 2022:

1. United States (878.2 tons)
2. Germany (368.0 tons)
3. Canada (213.5 tons)
4. Mexico (159.7 tons)
5. China (141.9 tons)
6. Spain (125.6 tons)
7. Brazil (60.4 tons)
8. France (16.6 tons)

Exports of Lubricating Preparations Not for the Treatment of Materials in the Dominican Republic

In 2022, approx. 2.2 tons of lubricating preparations not for the treatment of materials were exported from the Dominican Republic; declining by -10.6% against the previous year. Over the period under review, exports showed a dramatic descent.

In value terms, exports of lubricating preparations not for the treatment of materials declined rapidly to $8.8K in 2022. Overall, exports saw a sharp decline.

Top Export Markets for Lubricating Preparations Not for the Treatment of Materials from the Dominican Republic in 2022:

1. Haiti (2196.0 kg)
2. United States (41.0 kg)