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Colombia - Additives For Lubricating Oils - Market Analysis, Forecast, Size, Trends And Insights
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View PricingLubricating Oil Additive Price in Colombia - 2022
Contents:
- Lubricating Oil Additive Price in Colombia (CIF) - 2022
- Lubricating Oil Additive Price in Colombia (FOB) - 2022
- Lubricating Oil Additive Imports in Colombia
- Lubricating Oil Additive Exports in Colombia
Lubricating Oil Additive Price in Colombia (CIF) - 2022
The average lubricating oil additive import price stood at $3,749 per ton in February 2022, shrinking by -2.6% against the previous month. Overall, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in August 2021 when the average import price increased by 17% m-o-m. Over the period under review, average import prices hit record highs at $3,957 per ton in October 2021; however, from November 2021 to February 2022, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In February 2022, the country with the highest price was Brazil ($5,560 per ton), while the price for Italy ($3,636 per ton) was amongst the lowest.
From February 2021 to February 2022, the most notable rate of growth in terms of prices was attained by Brazil (+2.8%), while the prices for the other major suppliers experienced mixed trend patterns.
Lubricating Oil Additive Price in Colombia (FOB) - 2022
The average lubricating oil additive export price stood at $5,206 per ton in 2022, with an increase of 71% against the previous year. Over the period under review, the export price recorded a noticeable increase. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Venezuela ($9,850 per ton), while the average price for exports to Honduras ($996 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 Honduras (+15.6%), while the prices for the other major destinations experienced more modest paces of growth.
Lubricating Oil Additive Imports in Colombia
In 2022, approx. 8.8K tons of additives for lubricating oils were imported into Colombia; shrinking by -2.7% on the year before. In general, imports showed a perceptible decrease. The pace of growth appeared the most rapid in 2021 when imports increased by 29%.
In value terms, lubricating oil additive imports dropped slightly to $42M in 2022. Overall, imports recorded a noticeable setback. The growth pace was the most rapid in 2021 when imports increased by 25% against the previous year.
Import of Lubricating Oil Additive in Colombia (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 39.7 | 30.7 | 34.8 | 26.6 | -12.5% |
Brazil | 0.6 | 0.5 | 0.8 | 0.6 | 0.0% |
United Kingdom | 0.5 | 0.6 | 0.7 | 0.5 | 0.0% |
Netherlands | N/A | N/A | 0.1 | 0.4 | 300.0% |
Belgium | 0.5 | 0.4 | 0.7 | 0.3 | -15.7% |
Others | 3.5 | 2.6 | 6.2 | 13.5 | 56.8% |
Total | 44.8 | 34.7 | 43.4 | 41.8 | -2.3% |
Top Suppliers of Lubricating Oil Additive to Colombia in 2022:
- United States (5.4K tons)
- Brazil (0.1K tons)
- Netherlands (0.1K tons)
- United Kingdom (0.1K tons)
- Belgium (0.1K tons)
Lubricating Oil Additive Exports in Colombia
In 2022, approx. 66 tons of additives for lubricating oils were exported from Colombia; dropping by -77% compared with the previous year's figure. Overall, exports showed a drastic downturn. The growth pace was the most rapid in 2021 with an increase of 799%. As a result, the exports attained the peak of 288 tons, and then contracted sharply in the following year.
In value terms, lubricating oil additive exports dropped markedly to $345K in 2022. Over the period under review, exports continue to indicate a drastic downturn. The most prominent rate of growth was recorded in 2021 with an increase of 441% against the previous year. As a result, the exports attained the peak of $878K, and then contracted notably in the following year.
Export of Lubricating Oil Additive in Colombia (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Brazil | N/A | 0.3 | 266 | 98.6 | 1712.9% |
Venezuela | 89.8 | 30.2 | 170 | 61.5 | -11.9% |
Ecuador | 126 | 34.0 | 92.3 | 44.1 | -29.5% |
Trinidad and Tobago | 120 | 47.5 | 102 | 41.0 | -30.1% |
Honduras | 13.8 | 8.1 | 70.3 | 25.4 | 22.6% |
Guatemala | 12.0 | 6.6 | 36.7 | 24.7 | 27.2% |
Peru | 62.7 | 6.7 | 37.2 | 13.6 | -39.9% |
Dominican Republic | 39.6 | 16.8 | 36.2 | 12.7 | -31.6% |
Others | 21.3 | 11.9 | 67.8 | 23.7 | 3.6% |
Total | 486 | 162 | 878 | 345 | -10.8% |
Top Export Markets for Lubricating Oil Additive from Colombia in 2022:
- Honduras (25.5 tons)
- Brazil (11.4 tons)
- Ecuador (7.4 tons)
- Venezuela (6.2 tons)
- Trinidad and Tobago (5.9 tons)
- Guatemala (3.8 tons)
- Peru (2.0 tons)
- Dominican Republic (1.7 tons)
This report provides an in-depth analysis of the lubricating oil additive market in Colombia. 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 20594270 - Additives for lubricating oils
Country coverage:
- Colombia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Colombia
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
This report provides an in-depth analysis of the lubricating oil additive market in Colombia.
This report provides an in-depth analysis of the lubricant additives market in Colombia.
This report provides an in-depth analysis of the anti-knock preparations market in Colombia.
This report provides an in-depth analysis of the global lubricating oil additive market.
This report provides an in-depth analysis of the global lubricant additives market.
This report provides an in-depth analysis of the global anti-knock preparations market.
This report provides an in-depth analysis of the lubricating oil additive market in Colombia.
This report provides an in-depth analysis of the lubricant additives market in Colombia.
This report provides an in-depth analysis of the anti-knock preparations market in Colombia.
This report provides an in-depth analysis of the global lubricating oil additive market.
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