Price for Lubricating Oil Additives; Containing Petroleum Oils or Oils Obtained from Bituminous Minerals in Bolivia - 2023

Contents:

  1. Price for Lubricating Oil Additives; Containing Petroleum Oils or Oils Obtained from Bituminous Minerals in Bolivia (CIF) - 2022
  2. Price for Lubricating Oil Additives; Containing Petroleum Oils or Oils Obtained from Bituminous Minerals in Bolivia (FOB) - 2022
  3. Imports of Lubricating Oil Additives; Containing Petroleum Oils or Oils Obtained from Bituminous Minerals in Bolivia
  4. Exports of Lubricating Oil Additives; Containing Petroleum Oils or Oils Obtained from Bituminous Minerals in Bolivia

Price for Lubricating Oil Additives; Containing Petroleum Oils or Oils Obtained from Bituminous Minerals in Bolivia (CIF) - 2022

In 2022, the average import price for lubricating oil additives; containing petroleum oils or oils obtained from bituminous mineralses amounted to $4,438 per ton, increasing by 17% against the previous year. Overall, the import price, however, saw a mild reduction. The import price peaked at $5,354 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($4,441 per ton), while the price for Brazil amounted to $4,441 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+5.4%), while the prices for the other major suppliers experienced a decline.

Price for Lubricating Oil Additives; Containing Petroleum Oils or Oils Obtained from Bituminous Minerals in Bolivia (FOB) - 2022

The average export price for lubricating oil additives; containing petroleum oils or oils obtained from bituminous mineralses stood at $9,600 per ton in 2022, approximately reflecting the previous year. Overall, the export price recorded a resilient increase. The pace of growth appeared the most rapid in 2020 when the average export price increased by 3,326% against the previous year. As a result, the export price attained the peak level of $9,700 per ton. From 2021 to 2022, the average export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Chile.

From 2017 to 2022, the rate of growth in terms of prices for Chile amounted to +6.2% per year.

Imports of Lubricating Oil Additives; Containing Petroleum Oils or Oils Obtained from Bituminous Minerals in Bolivia

In 2022, approx. 1.4K tons of lubricating oil additives; containing petroleum oils or oils obtained from bituminous mineralses were imported into Bolivia; which is down by -9.7% against 2021 figures. In general, imports showed a abrupt slump. The pace of growth was the most pronounced in 2021 when imports increased by 12%.

In value terms, imports of lubricating oil additives; containing petroleum oils or oils obtained from bituminous mineralses expanded markedly to $6.2M in 2022. Over the period under review, imports showed a slight slump. The most prominent rate of growth was recorded in 2021 when imports increased by 14% against the previous year.

Import of Lubricating Oil Additives; Containing Petroleum Oils or Oils Obtained from Bituminous Minerals in Bolivia (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
United States4.03.44.54.54.0%
Brazil1.80.80.21.5-5.9%
Argentina0.20.10.10.1-20.6%
Chile0.10.10.1N/A0.0%
Singapore0.20.60.9N/A112.1%
Others0.10.10.10.10.0%
Total6.45.15.86.2-1.1%

Top Suppliers of Lubricating Oil Additives; Containing Petroleum Oils or Oils Obtained from Bituminous Minerals to Bolivia in 2022:

  1. United States (1012.6 tons)
  2. Brazil (344.6 tons)
  3. Argentina (12.6 tons)

Exports of Lubricating Oil Additives; Containing Petroleum Oils or Oils Obtained from Bituminous Minerals in Bolivia

In 2022, the amount of lubricating oil additives; containing petroleum oils or oils obtained from bituminous mineralses exported from Bolivia totaled 5 kg, leveling off at the year before. Over the period under review, exports showed a precipitous shrinkage. The smallest decline of -99.5% was in 2020.

In value terms, exports of lubricating oil additives; containing petroleum oils or oils obtained from bituminous mineralses totaled $48 in 2022. Overall, exports recorded a sharp slump. The smallest decline of -83.8% was in 2020.

Export of Lubricating Oil Additives; Containing Petroleum Oils or Oils Obtained from Bituminous Minerals in Bolivia (USD)
COUNTRY2019202020212022CAGR,
2019-2022
Chile87.097.0N/A48.0-18.0%
United States513N/AN/AN/A0%
OthersN/AN/AN/AN/A0%
Total60097.0N/A48.0-56.9%

Top Export Markets for Lubricating Oil Additives; Containing Petroleum Oils or Oils Obtained from Bituminous Minerals from Bolivia in 2022:

  1. Chile (5.0 kg)

Source: IndexBox Market Intelligence Platform

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