Price for Lubricating Oil Additives; Containing Petroleum Oils or Oils Obtained from Bituminous Minerals in Iraq - 2022
Contents:
- Price for Lubricating Oil Additives; Containing Petroleum Oils or Oils Obtained from Bituminous Minerals in Iraq (CIF) - 2022
- Price for Lubricating Oil Additives; Containing Petroleum Oils or Oils Obtained from Bituminous Minerals in Iraq (FOB) - 2022
- Imports of Lubricating Oil Additives; Containing Petroleum Oils or Oils Obtained from Bituminous Minerals in Iraq
- Exports of Lubricating Oil Additives; Containing Petroleum Oils or Oils Obtained from Bituminous Minerals in Iraq
Price for Lubricating Oil Additives; Containing Petroleum Oils or Oils Obtained from Bituminous Minerals in Iraq (CIF) - 2022
In 2022, the average import price for lubricating oil additives; containing petroleum oils or oils obtained from bituminous mineralses amounted to $2,195 per ton, picking up by 21% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 an increase of 73%. Over the period under review, average import prices hit record highs at $3,317 per ton in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.
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 Italy ($5,747 per ton), while the price for Oman ($1,806 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+7.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Lubricating Oil Additives; Containing Petroleum Oils or Oils Obtained from Bituminous Minerals in Iraq (FOB) - 2022
In 2022, the average export price for lubricating oil additives; containing petroleum oils or oils obtained from bituminous mineralses amounted to $1,799 per ton, rising by 29% against the previous year. Overall, the export price, however, saw a noticeable slump. The export price peaked at $2,862 per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for the United Arab Emirates.
From 2012 to 2022, the rate of growth in terms of prices for the United Arab Emirates amounted to +29.4% per year.
Imports of Lubricating Oil Additives; Containing Petroleum Oils or Oils Obtained from Bituminous Minerals in Iraq
Imports of lubricating oil additives; containing petroleum oils or oils obtained from bituminous mineralses into Iraq reduced notably to 1.2K tons in 2022, shrinking by -29.1% compared with 2021 figures. Overall, imports saw a abrupt descent. The growth pace was the most rapid in 2021 with an increase of 126% against the previous year.
In value terms, imports of lubricating oil additives; containing petroleum oils or oils obtained from bituminous mineralses reduced to $2.6M in 2022. In general, imports faced a precipitous slump. The pace of growth appeared the most rapid in 2021 with an increase of 39% against the previous year.
| Import of Lubricating Oil Additives; Containing Petroleum Oils or Oils Obtained from Bituminous Minerals in Iraq (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Oman | 3,197 | 1,512 | 1,934 | 1,606 | -20.5% |
| United Arab Emirates | 606 | 134 | 354 | 316 | -19.5% |
| United States | 3.0 | 127 | 291 | 218 | 317.3% |
| Netherlands | 150 | 69.3 | 86.3 | 75.6 | -20.4% |
| Italy | 640 | 65.2 | 66.1 | 13.4 | -72.4% |
| Others | 1,209 | 233 | 240 | 325 | -35.5% |
| Total | 5,805 | 2,140 | 2,971 | 2,555 | -23.9% |
Top Suppliers of Lubricating Oil Additives; Containing Petroleum Oils or Oils Obtained from Bituminous Minerals to Iraq in 2022:
- Oman (889.3 tons)
- United Arab Emirates (159.6 tons)
- United States (52.5 tons)
- Netherlands (11.4 tons)
- Italy (2.3 tons)
Exports of Lubricating Oil Additives; Containing Petroleum Oils or Oils Obtained from Bituminous Minerals in Iraq
In 2022, the amount of lubricating oil additives; containing petroleum oils or oils obtained from bituminous mineralses exported from Iraq declined markedly to 3 tons, with a decrease of -19.1% against the previous year's figure. Over the period under review, exports continue to indicate a deep setback.
In value terms, exports of lubricating oil additives; containing petroleum oils or oils obtained from bituminous mineralses stood at $5.4K in 2022. The total export value increased at an average annual rate of +4.7% over the period from 2021 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Lubricating Oil Additives; Containing Petroleum Oils or Oils Obtained from Bituminous Minerals in Iraq (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2021 | 2022 | CAGR, 2021-2022 | ||
| United Arab Emirates | 5.2 | 5.4 | 3.8% | ||
| Others | N/A | N/A | 0% | ||
| Total | 5.2 | 5.4 | 3.8% | ||
Top Export Markets for Lubricating Oil Additives; Containing Petroleum Oils or Oils Obtained from Bituminous Minerals from Iraq in 2022:
- United Arab Emirates (3.0 tons)
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