Report Eastern Asia - Petroleum Lubricating Oil and Grease - Market Analysis, Forecast, Size, Trends and Insights for 499$
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Eastern Asia - Petroleum Lubricating Oil and Grease - Market Analysis, Forecast, Size, Trends and Insights
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Eastern Asia: Market for Petroleum Lubricating Oil And Grease 2022

Market Size for Petroleum Lubricating Oil And Grease in Eastern Asia

The East Asian market for petroleum lubricating oil and grease reduced to $X in 2021, falling by -X% against the previous year. The market value increased at an average annual rate of +X% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market reached the peak level at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Production of Petroleum Lubricating Oil And Grease in Eastern Asia

In value terms, petroleum lubricating oil and grease production reduced slightly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +X% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2017 when the production volume increased by X%. The level of production peaked at $X in 2018; however, from 2019 to 2021, production stood at a somewhat lower figure.

Exports of Petroleum Lubricating Oil And Grease

Exports in Eastern Asia

Petroleum lubricating oil and grease exports skyrocketed to X tons in 2021, jumping by X% against 2020. The total export volume increased at an average annual rate of +X% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2014 when exports increased by X% against the previous year. The volume of export peaked in 2021 and is likely to see gradual growth in the near future.

In value terms, petroleum lubricating oil and grease exports surged to $X in 2021. The total export value increased at an average annual rate of +X% from 2012 to 2021; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Japan represented the largest exporting country with an export of around X tons, which accounted for X% of total exports. China (X tons) took the second position in the ranking, followed by Taiwan (Chinese) (X tons) and South Korea (X tons). All these countries together took approx. X% share of total exports. Hong Kong SAR (X tons) held a minor share of total exports.

Exports from Japan increased at an average annual rate of +X% from 2012 to 2021. At the same time, China (+X%) and Taiwan (Chinese) (+X%) displayed positive paces of growth. Moreover, China emerged as the fastest-growing exporter exported in Eastern Asia, with a CAGR of +X% from 2012-2021. Hong Kong SAR experienced a relatively flat trend pattern. By contrast, South Korea (-X%) illustrated a downward trend over the same period. From 2012 to 2021, the share of China increased by +X percentage points. Hong Kong SAR (-X p.p.), Japan (-X p.p.) and South Korea (-X p.p.) saw their shares reduced. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Japan ($X) remains the largest petroleum lubricating oil and grease supplier in Eastern Asia, comprising X% of total exports. The second position in the ranking was taken by China ($X), with a X% share of total exports. It was followed by South Korea, with an X% share.

In Japan, petroleum lubricating oil and grease exports expanded at an average annual rate of +X% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: China (+X% per year) and South Korea (-X% per year).

Export Prices by Country

The export price in Eastern Asia stood at $X per ton in 2021, which is down by -X% against the previous year. Over the period under review, the export price showed a slight downturn. The pace of growth appeared the most rapid in 2015 an increase of X%. Over the period under review, the export prices hit record highs at $X per ton in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Japan ($X per ton), while Taiwan (Chinese) ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+X%), while the other leaders experienced mixed trends in the export price figures.

Imports of Petroleum Lubricating Oil And Grease

Imports in Eastern Asia

In 2021, supplies from abroad of petroleum lubricating oil and grease increased by X% to X tons for the first time since 2016, thus ending a four-year declining trend. The total import volume increased at an average annual rate of +X% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. As a result, imports attained the peak of X tons. From 2017 to 2021, the growth of imports remained at a lower figure.

In value terms, petroleum lubricating oil and grease imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +X% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of import peaked at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

China prevails in imports structure, amounting to X tons, which was approx. X% of total imports in 2021. It was distantly followed by South Korea (X tons) and Taiwan (Chinese) (X tons), together generating a X% share of total imports. The following importers - Hong Kong SAR (X tons) and Japan (X tons) - each reached a X% share of total imports.

China was also the fastest-growing in terms of the petroleum lubricating oil and grease imports, with a CAGR of +X% from 2012 to 2021. At the same time, Taiwan (Chinese) (+X%) displayed positive paces of growth. By contrast, South Korea (-X%), Hong Kong SAR (-X%) and Japan (-X%) illustrated a downward trend over the same period. From 2012 to 2021, the share of China increased by +X percentage points. Japan (-X p.p.), Hong Kong SAR (-X p.p.) and South Korea (-X p.p.) saw their shares reduced. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported petroleum lubricating oil and grease in Eastern Asia, comprising X% of total imports. The second position in the ranking was taken by South Korea ($X), with a X% share of total imports. It was followed by Taiwan (Chinese), with a X% share.

In China, petroleum lubricating oil and grease imports expanded at an average annual rate of +X% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: South Korea (-X% per year) and Taiwan (Chinese) (+X% per year).

Import Prices by Country

In 2021, the import price in Eastern Asia amounted to $X per ton, increasing by X% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +X%. The pace of growth was the most pronounced in 2018 an increase of X% against the previous year. Over the period under review, import prices reached the maximum in 2021 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Japan ($X per ton), while Hong Kong SAR ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Base Year Historical Period Forecast Period Units
2021 2007-2021 2022-2030 US$, Tons

Frequently Asked Questions (FAQ) :

What are the largest markets for petroleum lubricating oil and grease in Eastern Asia?
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The country with the largest volume of petroleum lubricating oil and grease consumption was China, comprising approx. 70% of total volume. Moreover, petroleum lubricating oil and grease consumption in China exceeded the figures recorded by the second-largest consumer, Japan, fourfold. The third position in this ranking was taken by South Korea, with a 7.4% share.
What are the largest producers of petroleum lubricating oil and grease in Eastern Asia?
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China constituted the country with the largest volume of petroleum lubricating oil and grease production, accounting for 63% of total volume. Moreover, petroleum lubricating oil and grease production in China exceeded the figures recorded by the second-largest producer, Japan, threefold. The third position in this ranking was held by South Korea, with a 7.5% share.
What are the leading suppliers of petroleum lubricating oil and grease in Eastern Asia?
+
In value terms, Japan remains the largest petroleum lubricating oil and grease supplier in Eastern Asia, comprising 65% of total exports. The second position in the ranking was held by China, with a 17% share of total exports. It was followed by South Korea, with an 8% share.
What are the leading importers of petroleum lubricating oil and grease in Eastern Asia?
+
In value terms, China constitutes the largest market for imported petroleum lubricating oil and grease in Eastern Asia, comprising 82% of total imports. The second position in the ranking was held by South Korea, with a 6.2% share of total imports. It was followed by Taiwan Chinese), with a 5.3% share.
What is the average export price for petroleum lubricating oil and grease in Eastern Asia?
+
The export price in Eastern Asia stood at $3,139 per ton in 2021, which is down by -5.4% against the previous year.
What is the average import price for petroleum lubricating oil and grease in Eastern Asia?
+
The import price in Eastern Asia stood at $4,318 per ton in 2021, with an increase of 11% against the previous year.

This report provides an in-depth analysis of the market for petroleum lubricating oil and grease in Eastern Asia. 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:
• Democratic People's Republic of Korea
• Macao SAR
• Taiwan (Chinese)

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Production in Eastern Asia, split by region and country
• Trade (exports and imports) in Eastern Asia
• 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:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. 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

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
CONSUMPTION BY COUNTRY
3.3
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
7.2
PRODUCTION BY COUNTRY
8. IMPORTS

The Largest Importers on The Market and How They Succeed

8.1
IMPORTS FROM 2012–2021
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Exporters on The Market and How They Succeed

9.1
EXPORTS FROM 2012–2021
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

11. COUNTRY PROFILES

The Largest Markets And Their Profiles

• China
• Hong Kong SAR
• Macao SAR
• Japan
• South Korea
• Taiwan (Chinese)
• Democratic People's Republic of Korea
LIST OF TABLES
Table 1:
Key Findings In 2021
Table 2:
Market Volume, In Physical Terms, 2012–2021
Table 3:
Market Value, 2012–2021
Table 4:
Per Capita Consumption, By Country, 2015–2021
Table 5:
Production, In Physical Terms, By Country, 2012–2021
Table 6:
Imports, In Physical Terms, By Country, 2012–2021
Table 7:
Imports, In Value Terms, By Country, 2012–2021
Table 8:
Import Prices, By Country Of Destination, 2012–2021
Table 9:
Exports, In Physical Terms, By Country, 2012–2021
Table 10:
Exports, In Value Terms, By Country, 2012–2021
Table 11:
Export Prices, By Country Of Origin, 2012–2021
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2012–2021
Figure 2:
Market Value, 2012–2021
Figure 3:
Consumption, By Country, 2021
Figure 4:
Market Forecast To 2030
Figure 5:
Products: Market Size And Growth, By Type
Figure 6:
Products: Average Per Capita Consumption, By Type
Figure 7:
Products: Exports And Growth, By Type
Figure 8:
Products: Export Prices And Growth, By Type
Figure 9:
Production Volume And Growth
Figure 10:
Exports And Growth
Figure 11:
Export Prices And Growth
Figure 12:
Market Size And Growth
Figure 13:
Per Capita Consumption
Figure 14:
Imports And Growth
Figure 15:
Import Prices
Figure 16:
Production, In Physical Terms, 2012–2021
Figure 17:
Production, In Value Terms, 2012–2021
Figure 18:
Production, By Country, 2021
Figure 19:
Production, In Physical Terms, By Country, 2012–2021
Figure 20:
Imports, In Physical Terms, 2012–2021
Figure 21:
Imports, In Value Terms, 2012–2021
Figure 22:
Imports, In Physical Terms, By Country, 2021
Figure 23:
Imports, In Physical Terms, By Country, 2012–2021
Figure 24:
Imports, In Value Terms, By Country, 2012–2021
Figure 25:
Import Prices, By Country, 2012–2021
Figure 26:
Exports, In Physical Terms, 2012–2021
Figure 27:
Exports, In Value Terms, 2012–2021
Figure 28:
Exports, In Physical Terms, By Country, 2021
Figure 29:
Exports, In Physical Terms, By Country, 2012–2021
Figure 30:
Exports, In Value Terms, By Country, 2012–2021
Figure 31:
Export Prices, 2012–2021
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