Price for Lubricating Oil Additives; Containing Petroleum Oils or Oils Obtained from Bituminous Minerals in Latvia - 2023
Contents:
- Price for Lubricating Oil Additives; Containing Petroleum Oils or Oils Obtained from Bituminous Minerals in Latvia (FOB) - 2022
- Price for Lubricating Oil Additives; Containing Petroleum Oils or Oils Obtained from Bituminous Minerals in Latvia (CIF) - 2022
- Exports of Lubricating Oil Additives; Containing Petroleum Oils or Oils Obtained from Bituminous Minerals in Latvia
- Imports of Lubricating Oil Additives; Containing Petroleum Oils or Oils Obtained from Bituminous Minerals in Latvia
Price for Lubricating Oil Additives; Containing Petroleum Oils or Oils Obtained from Bituminous Minerals in Latvia (FOB) - 2022
In 2022, the average export price for lubricating oil additives; containing petroleum oils or oils obtained from bituminous mineralses amounted to $2,741 per ton, with an increase of 53% against the previous year. Over the period under review, the export price, however, recorded a abrupt slump. Over the period under review, the average export prices attained the maximum at $9,605 per ton in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Kazakhstan ($5,740 per ton), while the average price for exports to Nigeria ($1,810 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 the UK (+13.9%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Lubricating Oil Additives; Containing Petroleum Oils or Oils Obtained from Bituminous Minerals in Latvia (CIF) - 2022
The average import price for lubricating oil additives; containing petroleum oils or oils obtained from bituminous mineralses stood at $4,671 per ton in 2022, rising by 38% against the previous year. Over the period under review, the import price, however, showed a slight slump. The import price peaked at $5,232 per ton in 2012; however, from 2013 to 2022, import prices remained at a 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 Sweden ($7,102 per ton), while the price for the UK ($1,954 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hungary (+17.2%), while the prices for the other major suppliers experienced a decline.
Exports of Lubricating Oil Additives; Containing Petroleum Oils or Oils Obtained from Bituminous Minerals in Latvia
Exports of lubricating oil additives; containing petroleum oils or oils obtained from bituminous mineralses from Latvia fell sharply to 1.4K tons in 2022, waning by -75.9% compared with the previous year. Over the period under review, exports, however, saw a buoyant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 574%. As a result, the exports attained the peak of 6K tons, and then declined remarkably in the following year.
In value terms, exports of lubricating oil additives; containing petroleum oils or oils obtained from bituminous mineralses contracted significantly to $4M in 2022. In general, exports, however, posted a significant increase. The pace of growth was the most pronounced in 2021 when exports increased by 678% against the previous year. As a result, the exports reached the peak of $11M, and then contracted sharply in the following year.
| Export of Lubricating Oil Additives; Containing Petroleum Oils or Oils Obtained from Bituminous Minerals in Latvia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Nigeria | 1.3 | 1.2 | 8.3 | 1.7 | 9.4% |
| Russia | N/A | N/A | 0.1 | 1.3 | 1200.0% |
| Kazakhstan | N/A | N/A | N/A | 0.5 | 0% |
| United Kingdom | N/A | N/A | 0.7 | 0.2 | -71.4% |
| Ukraine | N/A | 0.2 | 0.2 | 0.1 | -29.3% |
| United States | N/A | N/A | 1.3 | N/A | 0% |
| Others | N/A | N/A | 0.1 | 0.2 | 100.0% |
| Total | 1.3 | 1.4 | 10.7 | 4.0 | 45.4% |
Top Export Markets for Lubricating Oil Additives; Containing Petroleum Oils or Oils Obtained from Bituminous Minerals from Latvia in 2022:
- Nigeria (960.9 tons)
- Russia (256.3 tons)
- United Kingdom (86.2 tons)
- Kazakhstan (79.7 tons)
- Ukraine (30.9 tons)
Imports of Lubricating Oil Additives; Containing Petroleum Oils or Oils Obtained from Bituminous Minerals in Latvia
In 2022, purchases abroad of lubricating oil additives; containing petroleum oils or oils obtained from bituminous mineralses decreased by -19.8% to 841 tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports, however, showed significant growth. The pace of growth was the most pronounced in 2020 with an increase of 197% against the previous year.
In value terms, imports of lubricating oil additives; containing petroleum oils or oils obtained from bituminous mineralses rose markedly to $3.9M in 2022. Overall, imports, however, showed a significant increase. The pace of growth was the most pronounced in 2020 when imports increased by 137%. Imports peaked in 2022 and are likely to see steady growth in the near future.
| Import of Lubricating Oil Additives; Containing Petroleum Oils or Oils Obtained from Bituminous Minerals in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belgium | 223 | 375 | 260 | 1,722 | 97.7% |
| Poland | 13.9 | 228 | 708 | 722 | 273.1% |
| Sweden | 184 | 133 | 185 | 429 | 32.6% |
| Hungary | N/A | N/A | 814 | 273 | -66.5% |
| Italy | N/A | N/A | N/A | 178 | 0% |
| Russia | 85.3 | 85.9 | 78.1 | 130 | 15.1% |
| Netherlands | 2.6 | 4.8 | 355 | 125 | 263.6% |
| Estonia | 57.6 | 349 | 411 | 66.6 | 5.0% |
| Lithuania | 66.5 | 264 | 343 | 21.7 | -31.2% |
| Czech Republic | N/A | 897 | 218 | 0.2 | -98.5% |
| Others | 422 | 162 | 187 | 260 | -14.9% |
| Total | 1,055 | 2,498 | 3,561 | 3,929 | 55.0% |
Top Suppliers of Lubricating Oil Additives; Containing Petroleum Oils or Oils Obtained from Bituminous Minerals to Latvia in 2022:
- Belgium (367.5 tons)
- Poland (185.1 tons)
- Hungary (69.4 tons)
- Sweden (60.4 tons)
- Italy (40.3 tons)
- Russia (32.9 tons)
- Netherlands (27.3 tons)
- Estonia (14.9 tons)
- Lithuania (6.2 tons)
- Czech Republic (0.1 tons)
120
This report provides an in-depth analysis of the lubricating oil additive market in Latvia.
527
This report provides an in-depth analysis of the lubricant additives market in Latvia.
116
This report provides an in-depth analysis of the anti-knock preparations market in Latvia.
927
This report provides an in-depth analysis of the global lubricating oil additive market.
2103
This report provides an in-depth analysis of the global lubricant additives market.
509
This report provides an in-depth analysis of the global anti-knock preparations market.
120
This report provides an in-depth analysis of the lubricating oil additive market in Latvia.
527
This report provides an in-depth analysis of the lubricant additives market in Latvia.
116
This report provides an in-depth analysis of the anti-knock preparations market in Latvia.
927
This report provides an in-depth analysis of the global lubricating oil additive market.
137
Explore the top import markets for lubricating oil additives, including China, Belgium, Germany, and more. Get key statistics and market insights from the IndexBox platform.
314
Explore the top import markets for lubricant additives and their key statistics and figures. Find out the leading countries, import values, and potential growth opportunities.
744
In value terms, preparations and charges for fire extinguishers imports totaled $X in 2016. The total import value increased at an average annual rate of +X% over the period from 2007 to 2016; th...
1124
In value terms, preparations and charges for fire extinguishers exports totaled $X in 2016. The total export value increased at an average annual rate of +X% from 2007 to 2016; the trend pattern ...
1023
Global lubricant additives imports totaled X tons in 2016, stabilizing at the previous year level. In general, lubricant additives imports continue to indicate a relatively flat trend pattern. Th...
1246
Global lubricant additives imports totaled X tons in 2016, stabilizing at the previous year level. In general, lubricant additives imports continue to indicate a relatively flat trend pattern. Th...
1227
The U.S. continued its dominance in the global trade of prepared additives for mineral oils. In 2014, the U.S. exported X thousand tons of prepared additives for mineral oils totaling X million USD, X% under the previous year. Its primary tradi
137
Explore the top import markets for lubricating oil additives, including China, Belgium, Germany, and more. Get key statistics and market insights from the IndexBox platform.
314
Explore the top import markets for lubricant additives and their key statistics and figures. Find out the leading countries, import values, and potential growth opportunities.
744
In value terms, preparations and charges for fire extinguishers imports totaled $X in 2016. The total import value increased at an average annual rate of +X% over the period from 2007 to 2016; th...
