Price for Lubricating Preparations Not for the Treatment of Materials in the United States - 2023
Contents:
- Price for Lubricating Preparations Not for the Treatment of Materials in the United States (FOB) - 2023
- Price for Lubricating Preparations Not for the Treatment of Materials in the United States (CIF) - 2023
- Exports of Lubricating Preparations Not for the Treatment of Materials in the United States
- Imports of Lubricating Preparations Not for the Treatment of Materials in the United States
Price for Lubricating Preparations Not for the Treatment of Materials in the United States (FOB) - 2023
The average export price for lubricating preparations not for the treatment of materials stood at $6,738 per ton in November 2023, dropping by -9.3% against the previous month. In general, the export price saw a relatively flat trend pattern. The pace of growth was the most pronounced in October 2023 when the average export price increased by 5.5% m-o-m. As a result, the export price reached the peak level of $7,425 per ton, and then reduced in the following month.
There were significant differences in the average prices for the major export markets. In November 2023, the country with the highest price was Belgium ($9,812 per ton), while the average price for exports to Canada ($6,123 per ton) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (+1.9%), 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 United States (CIF) - 2023
In November 2023, the average import price for lubricating preparations not for the treatment of materials amounted to $5,823 per ton, dropping by -6.5% against the previous month. Overall, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in September 2023 an increase of 23% m-o-m. As a result, import price reached the peak level of $7,347 per ton. From October 2023 to November 2023, the average import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Japan ($10,721 per ton), while the price for China ($2,535 per ton) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Belgium (+3.8%), 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 United States
In 2022, exports of lubricating preparations not for the treatment of materials from the United States reduced to 545K tons, therefore, remained relatively stable against 2021 figures. Over the period under review, exports, however, continue to indicate 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 reached the peak of 545K tons, leveling off in the following year.
In value terms, exports of lubricating preparations not for the treatment of materials surged to $3.6B in 2022. The total export value increased at an average annual rate of +6.4% over the period 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 22% against the previous year. The exports peaked in 2022 and are likely to continue growth in years to come.
| Export of Lubricating Preparations Not for the Treatment of Materials in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 603 | 520 | 614 | 754 | 7.7% |
| Mexico | 538 | 469 | 550 | 634 | 5.6% |
| China | 294 | 373 | 420 | 419 | 12.5% |
| Singapore | 146 | 105 | 117 | 146 | 0.0% |
| Netherlands | 173 | 77.7 | 123 | 124 | -10.5% |
| Brazil | 82.9 | 78.1 | 95.5 | 120 | 13.1% |
| Belgium | 75.6 | 63.9 | 96.6 | 114 | 14.7% |
| Germany | 86.6 | 76.7 | 89.9 | 94.7 | 3.0% |
| Chile | 62.8 | 71.1 | 71.9 | 90.3 | 12.9% |
| India | 58.2 | 48.9 | 71.9 | 85.6 | 13.7% |
| Hong Kong SAR | 70.7 | 26.1 | 68.0 | 85.0 | 6.3% |
| South Korea | 72.1 | 48.9 | 61.9 | 75.0 | 1.3% |
| Guatemala | 16.6 | 14.5 | 21.0 | 28.6 | 19.9% |
| Others | 741 | 611 | 744 | 863 | 5.2% |
| Total | 3,020 | 2,585 | 3,145 | 3,634 | 6.4% |
Top Export Markets for Lubricating Preparations Not for the Treatment of Materials from the United States in 2022:
- Canada (118.8K tons)
- Mexico (98.7K tons)
- China (62.4K tons)
- Singapore (19.6K tons)
- Brazil (19.0K tons)
- Netherlands (17.1K tons)
- Belgium (14.0K tons)
- Germany (13.7K tons)
- India (12.8K tons)
- Chile (11.6K tons)
- Hong Kong SAR (11.0K tons)
- South Korea (9.3K tons)
- Guatemala (8.5K tons)
Imports of Lubricating Preparations Not for the Treatment of Materials in the United States
In 2022, imports of lubricating preparations not for the treatment of materials into the United States stood at 142K tons, growing by 11% against the previous year. The total import volume increased at an average annual rate of +6.8% over the period 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 2021 with an increase of 38%. Over the period under review, imports of lubricating preparations not for treatment of materials hit record highs in 2022 and are likely to continue growth in the immediate term.
In value terms, imports of lubricating preparations not for the treatment of materials surged to $787M in 2022. In general, total imports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +10.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +72.4% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 44% against the previous year. Over the period under review, imports of lubricating preparations not for treatment of materials attained the maximum in 2022 and are likely to continue growth in the immediate term.
| Import of Lubricating Preparations Not for the Treatment of Materials in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 181 | 153 | 207 | 247 | 10.9% |
| Canada | 82.5 | 79.7 | 150 | 221 | 38.9% |
| Japan | 94.3 | 59.6 | 80.0 | 71.8 | -8.7% |
| France | 40.2 | 28.6 | 40.0 | 46.8 | 5.2% |
| Belgium | 25.6 | 22.6 | 26.1 | 35.7 | 11.7% |
| South Korea | 20.4 | 15.5 | 33.8 | 24.7 | 6.6% |
| Switzerland | 24.1 | 16.3 | 20.3 | 20.5 | -5.3% |
| United Kingdom | 18.0 | 14.2 | 17.0 | 18.8 | 1.5% |
| Mexico | 8.2 | 9.0 | 13.6 | 15.9 | 24.7% |
| Netherlands | 12.7 | 9.2 | 11.3 | 15.2 | 6.2% |
| Italy | 19.6 | 8.7 | 8.3 | 11.2 | -17.0% |
| Others | 56.7 | 40.3 | 50.6 | 58.1 | 0.8% |
| Total | 583 | 457 | 658 | 787 | 10.5% |
Top Suppliers of Lubricating Preparations Not for the Treatment of Materials to the United States in 2022:
- Canada (54.6K tons)
- Germany (35.8K tons)
- France (8.4K tons)
- Japan (8.4K tons)
- South Korea (6.1K tons)
- Belgium (5.4K tons)
- Switzerland (4.0K tons)
- Mexico (3.8K tons)
- United Kingdom (2.5K tons)
- Netherlands (2.3K tons)
- Italy (2.3K tons)
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This report provides an in-depth analysis of the market for petroleum lubricating oil and grease in the U.S..
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This report provides an in-depth analysis of the global market for petroleum lubricating oil and grease.
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This report provides an in-depth analysis of the market for petroleum lubricating oil and grease in the U.S..
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This report provides an in-depth analysis of the global market for petroleum lubricating oil and grease.
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