Price for Lubricating Preparations Not for the Treatment of Materials in Venezuela - 2022
Contents:
- Price for Lubricating Preparations Not for the Treatment of Materials in Venezuela (CIF) - 2022
- Price for Lubricating Preparations Not for the Treatment of Materials in Venezuela (FOB) - 2022
- Imports of Lubricating Preparations Not for the Treatment of Materials in Venezuela
- Exports of Lubricating Preparations Not for the Treatment of Materials in Venezuela
Price for Lubricating Preparations Not for the Treatment of Materials in Venezuela (CIF) - 2022
In 2022, the average import price for lubricating preparations not for the treatment of materials amounted to $3,452 per ton, rising by 14% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 an increase of 29%. Over the period under review, average import prices attained the maximum at $5,560 per ton in 2016; however, from 2017 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($17,668 per ton), while the price for Canada ($1,164 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Argentina (+24.4%), 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 Venezuela (FOB) - 2022
The average export price for lubricating preparations not for the treatment of materials stood at $7,029 per ton in 2022, rising by 346% against the previous year. Overall, the export price continues to indicate a buoyant expansion. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was El Salvador ($8,237 per ton), while the average price for exports to Malaysia ($4,766 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 Brazil (+46.9%), 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 Venezuela
In 2022, approx. 3.4K tons of lubricating preparations not for the treatment of materials were imported into Venezuela; picking up by 30% on the year before. The total import volume increased at an average annual rate of +10.2% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of lubricating preparations not for the treatment of materials soared to $12M in 2022. The total import value increased at an average annual rate of +7.0% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. 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 Venezuela (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 4.2 | 5.5 | 2.4 | 3.1 | -9.6% |
| France | 1.8 | 1.3 | 1.7 | 3.0 | 18.6% |
| Canada | 0.6 | 0.4 | 0.3 | 0.5 | -5.9% |
| Colombia | 0.1 | 0.1 | 0.3 | 0.3 | 44.2% |
| China | 0.2 | 0.4 | 0.2 | 0.1 | -20.6% |
| Others | 2.7 | 1.9 | 3.1 | 4.9 | 22.0% |
| Total | 9.6 | 9.6 | 8.0 | 11.8 | 7.1% |
Top Suppliers of Lubricating Preparations Not for the Treatment of Materials to Venezuela in 2022:
- United States (1033.9 tons)
- France (838.9 tons)
- Canada (397.5 tons)
- Colombia (61.9 tons)
- China (15.7 tons)
Exports of Lubricating Preparations Not for the Treatment of Materials in Venezuela
In 2022, exports of lubricating preparations not for the treatment of materials from Venezuela declined dramatically to 16 tons, with a decrease of -69.7% compared with 2021. Over the period under review, exports continue to indicate a precipitous descent. The most prominent rate of growth was recorded in 2021 with an increase of 291%.
In value terms, exports of lubricating preparations not for the treatment of materials soared to $110K in 2022. Overall, exports saw a sharp decrease. The pace of growth appeared the most rapid in 2021 when exports increased by 80%.
| Export of Lubricating Preparations Not for the Treatment of Materials in Venezuela (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| El Salvador | N/A | N/A | N/A | 75.3 | 0% |
| Malaysia | N/A | N/A | N/A | 14.0 | 0% |
| Bahamas | N/A | N/A | N/A | 3.9 | 0% |
| Dominican Republic | 148 | 7.2 | N/A | N/A | -95.1% |
| Peru | 27.1 | 37.6 | 33.1 | N/A | 10.5% |
| Panama | 25.7 | N/A | N/A | N/A | 0% |
| Colombia | 18.4 | N/A | 48.4 | N/A | 62.2% |
| Others | 18.6 | 0.5 | N/A | 16.7 | -3.5% |
| Total | 238 | 45.3 | 81.5 | 110 | -22.7% |
Top Export Markets for Lubricating Preparations Not for the Treatment of Materials from Venezuela in 2022:
- El Salvador (9.1 tons)
- Malaysia (2.9 tons)
- Bahamas (0.5 tons)
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This report provides an in-depth analysis of the market for petroleum lubricating oil and grease in Venezuela.
641
This report provides an in-depth analysis of the global market for petroleum lubricating oil and grease.
295
This report provides an in-depth analysis of the market for petroleum lubricating oil and grease in Venezuela.
641
This report provides an in-depth analysis of the global market for petroleum lubricating oil and grease.
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