Report Update: May 1, 2024

Ukraine - Petroleum Lubricating Oil And Grease - Market Analysis, Forecast, Size, Trends and Insights

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Price for Petroleum Lubricating Oil and Grease in Ukraine - 2023

Price for Petroleum Lubricating Oil and Grease in Ukraine (CIF) - 2023

The average import price for petroleum lubricating oil and grease stood at $5,030 per ton in July 2023, therefore, remained relatively stable against the previous month. Over the last twelve months, it increased at an average monthly rate of +1.8%. The pace of growth was the most pronounced in April 2023 when the average import price increased by 18% against the previous month. The import price peaked at $5,061 per ton in June 2023, and then declined in the following month.

Prices varied noticeably by the country of origin: the country with the highest price was the UK ($10,214 per ton), while the price for China ($2,986 per ton) was amongst the lowest.

From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by the UK (+8.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Petroleum Lubricating Oil and Grease in Ukraine (FOB) - 2022

The average export price for petroleum lubricating oil and grease stood at $2,810 per ton in 2022, increasing by 11% against the previous year. Over the period under review, the export price, however, saw a noticeable reduction. The pace of growth appeared the most rapid in 2016 an increase of 27%. The export price peaked at $4,885 per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Kazakhstan ($5,308 per ton), while the average price for exports to Romania ($1,719 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 Iraq (+19.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Petroleum Lubricating Oil and Grease in Ukraine

After three years of growth, purchases abroad of petroleum lubricating oil and grease decreased by -43.5% to 7.8K tons in 2022. Overall, imports showed a abrupt contraction. The pace of growth was the most pronounced in 2021 when imports increased by 22%. As a result, imports attained the peak of 14K tons, and then reduced rapidly in the following year.

In value terms, petroleum lubricating oil and grease imports fell rapidly to $31M in 2022. In general, imports continue to indicate a pronounced curtailment. The pace of growth appeared the most rapid in 2021 with an increase of 28% against the previous year. As a result, imports reached the peak of $48M, and then declined rapidly in the following year.

Import of Petroleum Lubricating Oil and Grease in Ukraine (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Germany	8.5	7.8	10.4	7.1	-5.8%
France	3.4	5.4	6.3	6.2	22.2%
Netherlands	5.7	5.8	5.7	3.1	-18.4%
Poland	2.5	3.3	5.9	2.0	-7.2%
Belgium	3.2	2.6	3.2	2.0	-14.5%
Finland	2.3	2.7	3.2	1.8	-7.8%
United States	1.5	1.7	2.4	1.4	-2.3%
United Kingdom	1.7	1.4	2.3	1.3	-8.6%
Spain	0.2	0.4	0.3	0.9	65.1%
China	0.5	0.5	0.6	0.8	17.0%
Italy	0.7	1.1	1.2	0.6	-5.0%
Japan	0.5	0.6	1.1	0.6	6.3%
South Korea	0.6	0.7	0.5	0.5	-5.9%
Others	3.7	3.6	4.5	3.3	-3.7%
Total	34.9	37.3	47.7	31.4	-3.5%

Top Suppliers of Petroleum Lubricating Oil and Grease to Ukraine in 2022:

Germany (1719.0 tons)
France (1518.0 tons)
Netherlands (703.7 tons)
Poland (667.4 tons)
Belgium (440.8 tons)
United States (334.3 tons)
Spain (265.4 tons)
China (235.2 tons)
Finland (225.1 tons)
United Kingdom (213.6 tons)
Italy (200.9 tons)
Japan (189.7 tons)
South Korea (176.4 tons)

Exports of Petroleum Lubricating Oil and Grease in Ukraine

In 2022, after three years of growth, there was significant decline in overseas shipments of petroleum lubricating oil and grease, when their volume decreased by -61.6% to 311 tons. Over the period under review, exports, however, continue to indicate buoyant growth. The pace of growth appeared the most rapid in 2020 when exports increased by 106%.

In value terms, petroleum lubricating oil and grease exports dropped dramatically to $875K in 2022. In general, exports, however, enjoyed a tangible increase. The growth pace was the most rapid in 2020 with an increase of 69% against the previous year.

Export of Petroleum Lubricating Oil and Grease in Ukraine (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Romania	0.2	247	446	196	893.3%
Moldova	116	98.9	155	196	19.1%
Russia	171	334	650	182	2.1%
Poland	28.6	20.6	55.8	74.2	37.4%
Belarus	132	112	156	29.8	-39.1%
Ghana	5.4	15.5	13.6	25.7	68.2%
Hungary	55.1	65.1	51.1	24.8	-23.4%
Others	287	452	517	146	-20.2%
Total	795	1,345	2,044	875	3.2%

Top Export Markets for Petroleum Lubricating Oil and Grease from Ukraine in 2022:

Romania (114.3 tons)
Russia (68.0 tons)
Moldova (39.9 tons)
Poland (28.0 tons)
Belarus (9.2 tons)
Ghana (8.6 tons)
Hungary (7.0 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the market for petroleum lubricating oil and grease in Ukraine. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 20594155 - Lubricating preparations containing as basic constituents < .70% by weight of petroleum oils or of oils obtained from bituminous minerals for textiles, leather, hides, furskins and other materials
Prodcom 20594157 - Lubricating preparations obtained from petroleum or bituminous minerals, excluding the ones used for the treatment of textiles, leather, hides, furskins and other materials

Country coverage:

Ukraine

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Ukraine
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023