Price for Lubricating Preparations Not for the Treatment of Materials in Uruguay - 2022

Contents:

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

Price for Lubricating Preparations Not for the Treatment of Materials in Uruguay (CIF) - 2022

In 2022, the average import price for lubricating preparations not for the treatment of materials amounted to $4,772 per ton, with an increase of 10% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.8%. The pace of growth was the most pronounced in 2021 when the average import price increased by 19%. Over the period under review, average import prices attained the peak figure in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($5,784 per ton), while the price for Argentina ($2,602 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+7.4%), 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 Uruguay (FOB) - 2022

In 2022, the average export price for lubricating preparations not for the treatment of materials amounted to $1,938 per ton, flattening at the previous year. In general, the export price saw a mild setback. The growth pace was the most rapid in 2020 an increase of 34% against the previous year. The export price peaked at $2,146 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Argentina ($2,725 per ton), while the average price for exports to Mexico ($1,691 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 Argentina (+5.5%), 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 Uruguay

In 2022, imports of lubricating preparations not for the treatment of materials into Uruguay stood at 4.5K tons, remaining relatively unchanged against 2021. The total import volume increased at an average annual rate of +2.5% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 14%. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, imports of lubricating preparations not for the treatment of materials rose remarkably to $22M in 2022. Over the period under review, total imports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +13.3% 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 +50.4% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 36%. Over the period under review, imports of lubricating preparations not for treatment of materials attained the maximum in 2022 and are likely to see steady growth in the near future.

Import of Lubricating Preparations Not for the Treatment of Materials in Uruguay (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
United States5.85.66.37.79.9%
Brazil1.71.32.53.426.0%
Germany2.31.82.72.1-3.0%
Argentina1.31.52.02.117.3%
Italy0.61.21.51.946.8%
France1.81.62.41.6-3.9%
Spain0.70.70.81.012.6%
Others0.70.71.22.041.9%
Total14.914.419.521.713.4%

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

  1. United States (1328.9 tons)
  2. Argentina (794.9 tons)
  3. Brazil (650.5 tons)
  4. Italy (462.2 tons)
  5. Germany (418.9 tons)
  6. France (303.0 tons)
  7. Spain (276.0 tons)

Exports of Lubricating Preparations Not for the Treatment of Materials in Uruguay

In 2022, overseas shipments of lubricating preparations not for the treatment of materials decreased by -38.1% to 114 tons, falling for the second year in a row after two years of growth. In general, exports faced a abrupt downturn. The pace of growth appeared the most rapid in 2020 with an increase of 26%. As a result, the exports reached the peak of 274 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 dropped remarkably to $220K in 2022. Over the period under review, exports continue to indicate a deep slump. The growth pace was the most rapid in 2020 with an increase of 69% against the previous year. As a result, the exports reached the peak of $551K. From 2021 to 2022, the growth of the exports of failed to regain momentum.

Export of Lubricating Preparations Not for the Treatment of Materials in Uruguay (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
MexicoN/AN/AN/A63.10%
Bolivia41.569.684.058.712.3%
Paraguay32.463.258.157.721.2%
Brazil47.860.014.720.9-24.1%
Argentina1.279.1N/A19.6153.7%
Peru47.760.054.8N/A7.2%
Austria28.0N/AN/AN/A0%
Slovenia48.478.375.2N/A24.6%
Others78.514069.7N/A-5.8%
Total326551356220-12.3%

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

  1. Mexico (37.3 tons)
  2. Paraguay (30.5 tons)
  3. Bolivia (26.6 tons)
  4. Brazil (12.0 tons)
  5. Argentina (7.2 tons)
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