Price for Lubricating Preparations Not for the Treatment of Materials in the United Arab Emirates - 2022
Contents:
- Price for Lubricating Preparations Not for the Treatment of Materials in the United Arab Emirates (CIF) - 2022
- Price for Lubricating Preparations Not for the Treatment of Materials in the United Arab Emirates (FOB) - 2022
- Imports of Lubricating Preparations Not for the Treatment of Materials in the United Arab Emirates
- Exports of Lubricating Preparations Not for the Treatment of Materials in the United Arab Emirates
Price for Lubricating Preparations Not for the Treatment of Materials in the United Arab Emirates (CIF) - 2022
In 2022, the average import price for lubricating preparations not for the treatment of materials amounted to $5,635 per ton, surging by 28% against the previous year. In general, the import price saw a prominent expansion. The pace of growth was the most pronounced in 2016 an increase of 168% against the previous year. Over the period under review, average import prices attained the peak figure in 2022 and is likely to see steady growth in the near future.
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 the United States ($8,063 per ton), while the price for Kuwait ($889 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Iraq (+76.8%), 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 the United Arab Emirates (FOB) - 2022
The average export price for lubricating preparations not for the treatment of materials stood at $2,715 per ton in 2022, growing by 94% against the previous year. Over the period under review, the export price saw a remarkable increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Iraq ($6,690 per ton), while the average price for exports to Tanzania ($902 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 Kuwait (+15.4%), 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 the United Arab Emirates
Imports of lubricating preparations not for the treatment of materials into the United Arab Emirates reduced remarkably to 42K tons in 2022, with a decrease of -24.2% on the year before. In general, imports faced a deep setback. The smallest decline of -2.9% was in 2021.
In value terms, imports of lubricating preparations not for the treatment of materials contracted modestly to $239M in 2022. Over the period under review, imports recorded a pronounced decline. The pace of growth appeared the most rapid in 2021 when imports increased by 17%.
| Import of Lubricating Preparations Not for the Treatment of Materials in the United Arab Emirates (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 47.1 | 32.3 | 40.3 | 101 | 29.0% |
| Germany | 31.4 | 29.9 | 31.5 | 33.3 | 2.0% |
| France | 12.0 | 13.6 | 16.9 | 25.3 | 28.2% |
| United Kingdom | 17.7 | 17.3 | 19.2 | 23.7 | 10.2% |
| Belgium | 10.7 | 8.1 | 11.2 | 14.2 | 9.9% |
| India | 4.1 | 3.0 | 4.9 | 7.0 | 19.5% |
| Spain | 2.7 | 3.8 | 2.5 | 4.9 | 22.0% |
| Italy | 4.7 | 3.1 | 2.5 | 4.2 | -3.7% |
| China | 5.5 | 6.2 | 10.3 | 3.0 | -18.3% |
| Japan | 8.2 | 9.7 | 7.2 | 1.6 | -42.0% |
| Kuwait | 4.5 | 2.6 | 2.0 | 0.9 | -41.5% |
| Others | 107 | 82.2 | 98.0 | 20.2 | -42.6% |
| Total | 255 | 212 | 247 | 239 | -2.1% |
Top Suppliers of Lubricating Preparations Not for the Treatment of Materials to the United Arab Emirates in 2022:
- United States (12.5K tons)
- Germany (7.5K tons)
- France (4.1K tons)
- United Kingdom (3.5K tons)
- India (3.0K tons)
- Belgium (2.4K tons)
- Spain (1.4K tons)
- Italy (1.2K tons)
- China (1.2K tons)
- Kuwait (1.0K tons)
- Japan (0.3K tons)
Exports of Lubricating Preparations Not for the Treatment of Materials in the United Arab Emirates
Exports of lubricating preparations not for the treatment of materials from the United Arab Emirates contracted significantly to 54K tons in 2022, with a decrease of -19.6% on the previous year's figure. In general, exports, however, continue to indicate a resilient increase. The most prominent rate of growth was recorded in 2021 with an increase of 117% against the previous year. As a result, the exports reached the peak of 67K tons, and then reduced sharply in the following year.
In value terms, exports of lubricating preparations not for the treatment of materials surged to $146M in 2022. Over the period under review, exports, however, saw a significant expansion. 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 the United Arab Emirates (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Saudi Arabia | 5.2 | 2.0 | 1.3 | 21.1 | 59.5% |
| India | 5.2 | 4.5 | 34.2 | 14.1 | 39.4% |
| Oman | 17.8 | 14.6 | 17.2 | 13.5 | -8.8% |
| Kuwait | 0.5 | 0.3 | 0.6 | 9.8 | 169.6% |
| Russia | 0.3 | 0.4 | 0.2 | 6.8 | 183.0% |
| Iraq | N/A | N/A | N/A | 6.6 | 0% |
| Jordan | 6.3 | 4.8 | 5.1 | 5.8 | -2.7% |
| Qatar | N/A | N/A | N/A | 4.9 | 0% |
| Turkey | 0.1 | N/A | N/A | 4.0 | 242.0% |
| Bahrain | 0.2 | 0.3 | 0.2 | 3.6 | 162.1% |
| Kazakhstan | 0.2 | 0.1 | N/A | 2.7 | 138.1% |
| Algeria | N/A | N/A | N/A | 2.6 | 0% |
| Tanzania | 0.3 | N/A | N/A | 1.1 | 54.2% |
| Others | 35.6 | 35.2 | 34.3 | 49.0 | 11.2% |
| Total | 71.7 | 62.1 | 93.1 | 146 | 26.7% |
Top Export Markets for Lubricating Preparations Not for the Treatment of Materials from the United Arab Emirates in 2022:
- India (14.4K tons)
- Saudi Arabia (8.2K tons)
- Jordan (5.8K tons)
- Oman (2.8K tons)
- Kuwait (1.8K tons)
- Russia (1.7K tons)
- Bahrain (1.5K tons)
- Turkey (1.5K tons)
- Qatar (1.4K tons)
- Algeria (1.3K tons)
- Tanzania (1.2K tons)
- Kazakhstan (1.1K tons)
- Iraq (1.0K tons)
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This report provides an in-depth analysis of the market for petroleum lubricating oil and grease in the United Arab Emirates.
638
This report provides an in-depth analysis of the global market for petroleum lubricating oil and grease.
324
This report provides an in-depth analysis of the market for petroleum lubricating oil and grease in the United Arab Emirates.
638
This report provides an in-depth analysis of the global market for petroleum lubricating oil and grease.
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