Price for Lubricating Oil Additives; Containing Petroleum Oils or Oils Obtained from Bituminous Minerals in Ethiopia - 2022
Contents:
- Price for Lubricating Oil Additives; Containing Petroleum Oils or Oils Obtained from Bituminous Minerals in Ethiopia (CIF) - 2022
- Imports of Lubricating Oil Additives; Containing Petroleum Oils or Oils Obtained from Bituminous Minerals in Ethiopia
Price for Lubricating Oil Additives; Containing Petroleum Oils or Oils Obtained from Bituminous Minerals in Ethiopia (CIF) - 2022
In 2022, the average import price for lubricating oil additives; containing petroleum oils or oils obtained from bituminous mineralses amounted to $7,144 per ton, jumping by 63% against the previous year. Overall, the import price recorded a slight increase. The pace of growth was the most pronounced in 2020 an increase of 99%. The import price peaked in 2022 and is expected to retain growth in the near future.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United Arab Emirates ($9,436 per ton), while the price for China ($880 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+199.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Lubricating Oil Additives; Containing Petroleum Oils or Oils Obtained from Bituminous Minerals in Ethiopia
Imports of lubricating oil additives; containing petroleum oils or oils obtained from bituminous mineralses into Ethiopia contracted to 18 tons in 2022, waning by -10.6% compared with the year before. Over the period under review, imports showed a sharp setback. The most prominent rate of growth was recorded in 2021 with an increase of 39%.
In value terms, imports of lubricating oil additives; containing petroleum oils or oils obtained from bituminous mineralses skyrocketed to $130K in 2022. In general, imports showed a dramatic decrease.
| Import of Lubricating Oil Additives; Containing Petroleum Oils or Oils Obtained from Bituminous Minerals in Ethiopia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 2.0 | 48.2 | 54.7 | 89.1 | 254.5% |
| India | N/A | N/A | 26.9 | 39.4 | 46.5% |
| France | 136 | N/A | N/A | 1.8 | -76.3% |
| China | 275 | 16.0 | 8.0 | 0.1 | -92.9% |
| Others | N/A | 10.7 | N/A | N/A | 0% |
| Total | 413 | 75.0 | 89.5 | 130 | -32.0% |
Top Suppliers of Lubricating Oil Additives; Containing Petroleum Oils or Oils Obtained from Bituminous Minerals to Ethiopia in 2022:
- United Arab Emirates (9.4 tons)
- India (8.4 tons)
- France (0.3 tons)
- China (0.1 tons)
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