Price for Lubricating Preparations Not for the Treatment of Materials in the UK - 2023
Contents:
- Price for Lubricating Preparations Not for the Treatment of Materials in the UK (FOB) - 2023
- Price for Lubricating Preparations Not for the Treatment of Materials in the UK (CIF) - 2023
- Exports of Lubricating Preparations Not for the Treatment of Materials in the UK
- Imports of Lubricating Preparations Not for the Treatment of Materials in the UK
Price for Lubricating Preparations Not for the Treatment of Materials in the UK (FOB) - 2023
In October 2023, the average export price for lubricating preparations not for the treatment of materials amounted to $6,835 per ton, rising by 2.6% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +1.2%. The most prominent rate of growth was recorded in December 2022 an increase of 9.2% month-to-month. The export price peaked at $7,122 per ton in July 2023; however, from August 2023 to October 2023, the export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Germany ($8,739 per ton), while the average price for exports to India ($4,311 per ton) was amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to Ireland (+5.6%), 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 the UK (CIF) - 2023
In October 2023, the average import price for lubricating preparations not for the treatment of materials amounted to $7,832 per ton, rising by 12% against the previous month. Over the last twelve months, it increased at an average monthly rate of +1.9%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by the country of origin: the country with the highest price was Belgium ($51,779 per ton), while the price for the Netherlands ($4,185 per ton) was amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by Belgium (+22.5%), 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 the UK
In 2022, the amount of lubricating preparations not for the treatment of materials exported from the UK shrank to 101K tons, waning by -9.4% compared with the year before. Over the period under review, exports recorded a deep downturn. The most prominent rate of growth was recorded in 2021 with an increase of 8.7% against the previous year.
In value terms, exports of lubricating preparations not for the treatment of materials fell modestly to $551M in 2022. Overall, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 17%. As a result, the exports attained the peak of $571M, and then contracted modestly in the following year.
| Export of Lubricating Preparations Not for the Treatment of Materials in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 26.0 | 27.6 | 28.1 | 26.7 | 0.9% |
| Ireland | 27.7 | 27.1 | 21.4 | 24.7 | -3.7% |
| United Arab Emirates | 16.7 | 19.9 | 18.9 | 24.5 | 13.6% |
| Turkey | 19.0 | 19.5 | 25.1 | 24.4 | 8.7% |
| India | 8.9 | 11.1 | 16.4 | 21.8 | 34.8% |
| Saudi Arabia | 15.5 | 14.3 | 16.6 | 21.7 | 11.9% |
| Belgium | 23.1 | 15.3 | 17.7 | 21.3 | -2.7% |
| Sweden | 22.1 | 18.6 | 19.9 | 19.0 | -4.9% |
| Netherlands | 20.2 | 19.3 | 21.4 | 17.8 | -4.1% |
| Poland | 37.6 | 27.3 | 17.4 | 17.4 | -22.7% |
| Czech Republic | 12.9 | 12.9 | 18.8 | 16.4 | 8.3% |
| Finland | 13.8 | 4.0 | 14.9 | 15.5 | 3.9% |
| Kazakhstan | 0.7 | 1.1 | 1.2 | 15.5 | 180.8% |
| Others | 314 | 270 | 333 | 285 | -3.2% |
| Total | 558 | 488 | 571 | 551 | -0.4% |
Top Export Markets for Lubricating Preparations Not for the Treatment of Materials from the UK in 2022:
- Turkey (6.2K tons)
- Ireland (5.7K tons)
- Netherlands (5.5K tons)
- India (5.5K tons)
- Sweden (4.9K tons)
- United Arab Emirates (4.0K tons)
- Germany (4.0K tons)
- Saudi Arabia (3.8K tons)
- Belgium (3.8K tons)
- Poland (3.7K tons)
- Finland (3.5K tons)
- Czech Republic (3.3K tons)
- Kazakhstan (3.3K tons)
Imports of Lubricating Preparations Not for the Treatment of Materials in the UK
In 2022, after two years of decline, there was significant growth in supplies from abroad of lubricating preparations not for the treatment of materials, when their volume increased by 19% to 77K tons. Over the period under review, imports, however, recorded a abrupt shrinkage.
In value terms, imports of lubricating preparations not for the treatment of materials surged to $412M in 2022. In general, imports showed a relatively flat trend pattern. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Lubricating Preparations Not for the Treatment of Materials in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 130 | 115 | 103 | 85.7 | -13.0% |
| United States | 42.6 | 28.3 | 33.8 | 82.8 | 24.8% |
| France | 31.9 | 24.3 | 26.5 | 63.6 | 25.9% |
| Belgium | 84.0 | 64.2 | 45.6 | 51.8 | -14.9% |
| Netherlands | 40.7 | 26.5 | 17.2 | 34.0 | -5.8% |
| Spain | 9.2 | 14.0 | 12.2 | 18.9 | 27.1% |
| Lithuania | 10.9 | 12.6 | 19.7 | 15.6 | 12.7% |
| Italy | 22.4 | 21.3 | 12.0 | 11.9 | -19.0% |
| Others | 35.0 | 24.9 | 29.4 | 47.3 | 10.6% |
| Total | 406 | 331 | 300 | 412 | 0.5% |
Top Suppliers of Lubricating Preparations Not for the Treatment of Materials to the UK in 2022:
- Netherlands (16.7K tons)
- Germany (15.5K tons)
- Belgium (11.0K tons)
- France (10.6K tons)
- United States (7.1K tons)
- Spain (4.1K tons)
- Italy (2.8K tons)
- Lithuania (2.6K tons)
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This report provides an in-depth analysis of the market for petroleum lubricating oil and grease in the UK.
626
This report provides an in-depth analysis of the global market for petroleum lubricating oil and grease.
310
This report provides an in-depth analysis of the market for petroleum lubricating oil and grease in the UK.
626
This report provides an in-depth analysis of the global market for petroleum lubricating oil and grease.
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