Price for Lubricating Oil Additives; Containing Petroleum Oils or Oils Obtained from Bituminous Minerals in Nigeria - 2022
Contents:
- Price for Lubricating Oil Additives; Containing Petroleum Oils or Oils Obtained from Bituminous Minerals in Nigeria (CIF) - 2022
- Price for Lubricating Oil Additives; Containing Petroleum Oils or Oils Obtained from Bituminous Minerals in Nigeria (FOB) - 2022
- Imports of Lubricating Oil Additives; Containing Petroleum Oils or Oils Obtained from Bituminous Minerals in Nigeria
- Exports of Lubricating Oil Additives; Containing Petroleum Oils or Oils Obtained from Bituminous Minerals in Nigeria
Price for Lubricating Oil Additives; Containing Petroleum Oils or Oils Obtained from Bituminous Minerals in Nigeria (CIF) - 2022
The average import price for lubricating oil additives; containing petroleum oils or oils obtained from bituminous mineralses stood at $3,114 per ton in 2022, with a decrease of -8.1% against the previous year. Over the period under review, the import price recorded a slight reduction. The most prominent rate of growth was recorded in 2014 an increase of 42% against the previous year. As a result, import price reached the peak level of $3,978 per ton. From 2015 to 2022, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($4,297 per ton), while the price for China ($1,629 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Barbados (+6.0%), 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 Nigeria (FOB) - 2022
The average export price for lubricating oil additives; containing petroleum oils or oils obtained from bituminous mineralses stood at $3,124 per ton in 2022, declining by -19.4% against the previous year. Overall, the export price, however, showed mild growth. The pace of growth was the most pronounced in 2015 an increase of 57%. Over the period under review, the average export prices hit record highs at $3,878 per ton in 2021, and then plummeted in the following year.
As there is only one major export destination, the average price level is determined by prices for South Africa.
From 2012 to 2022, the rate of growth in terms of prices for France amounted to +34.9% per year.
Imports of Lubricating Oil Additives; Containing Petroleum Oils or Oils Obtained from Bituminous Minerals in Nigeria
In 2022, overseas purchases of lubricating oil additives; containing petroleum oils or oils obtained from bituminous mineralses decreased by -33.3% to 12K tons, falling for the second year in a row after two years of growth. In general, imports continue to indicate a abrupt setback. The most prominent rate of growth was recorded in 2020 when imports increased by 122% against the previous year. As a result, imports attained the peak of 37K tons. From 2021 to 2022, the growth of imports of failed to regain momentum.
In value terms, imports of lubricating oil additives; containing petroleum oils or oils obtained from bituminous mineralses contracted rapidly to $38M in 2022. Overall, imports saw a deep downturn. The pace of growth was the most pronounced in 2020 when imports increased by 157%. As a result, imports reached the peak of $121M. From 2021 to 2022, the growth of imports of failed to regain momentum.
| Import of Lubricating Oil Additives; Containing Petroleum Oils or Oils Obtained from Bituminous Minerals in Nigeria (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 10.4 | 22.4 | 13.7 | 8.9 | -5.1% |
| India | 1.2 | 8.4 | 7.8 | 7.7 | 85.8% |
| United States | 7.7 | 33.3 | 9.7 | 6.6 | -5.0% |
| France | 10.2 | 16.8 | 7.0 | 5.4 | -19.1% |
| Belgium | 9.5 | 17.3 | 9.9 | 4.3 | -23.2% |
| China | 0.5 | 3.6 | 1.1 | 2.0 | 58.7% |
| United Arab Emirates | 1.1 | 5.6 | 4.9 | 0.9 | -6.5% |
| Others | 6.8 | 14.1 | 8.1 | 2.2 | -31.4% |
| Total | 47.3 | 121 | 62.2 | 38.1 | -7.0% |
Top Suppliers of Lubricating Oil Additives; Containing Petroleum Oils or Oils Obtained from Bituminous Minerals to Nigeria in 2022:
- Italy (2.8K tons)
- United States (2.5K tons)
- India (2.1K tons)
- France (1.5K tons)
- China (1.2K tons)
- Belgium (1.1K tons)
- United Arab Emirates (0.4K tons)
Exports of Lubricating Oil Additives; Containing Petroleum Oils or Oils Obtained from Bituminous Minerals in Nigeria
In 2022, overseas shipments of lubricating oil additives; containing petroleum oils or oils obtained from bituminous mineralses were finally on the rise to reach 151 tons after two years of decline. Overall, exports continue to indicate a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of lubricating oil additives; containing petroleum oils or oils obtained from bituminous mineralses surged to $470K in 2022. Over the period under review, exports recorded a significant increase. 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 Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Africa | 0.1 | 91.5 | 102 | 470 | 1575.1% |
| India | 61.7 | 19.6 | 6.7 | N/A | -67.0% |
| Ghana | 89.2 | 31.7 | 15.5 | N/A | -58.3% |
| Others | 2.4 | 0.1 | N/A | N/A | -95.8% |
| Total | 153 | 143 | 124 | 470 | 45.4% |
Top Export Markets for Lubricating Oil Additives; Containing Petroleum Oils or Oils Obtained from Bituminous Minerals from Nigeria in 2022:
- South Africa (150.6 tons)
560
This report provides an in-depth analysis of the lubricating oil additive market in Nigeria.
811
This report provides an in-depth analysis of the lubricant additives market in Nigeria.
364
This report provides an in-depth analysis of the anti-knock preparations market in Nigeria.
934
This report provides an in-depth analysis of the global lubricating oil additive market.
2114
This report provides an in-depth analysis of the global lubricant additives market.
513
This report provides an in-depth analysis of the global anti-knock preparations market.
560
This report provides an in-depth analysis of the lubricating oil additive market in Nigeria.
811
This report provides an in-depth analysis of the lubricant additives market in Nigeria.
364
This report provides an in-depth analysis of the anti-knock preparations market in Nigeria.
934
This report provides an in-depth analysis of the global lubricating oil additive market.
149
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.
320
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.
749
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...
1129
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 ...
1035
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...
1254
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...
1244
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
149
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.
320
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.
749
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...
