Price for Lubricating Oil Additives; Containing Petroleum Oils or Oils Obtained from Bituminous Minerals in Qatar - 2023
Contents:
- Price for Lubricating Oil Additives; Containing Petroleum Oils or Oils Obtained from Bituminous Minerals in Qatar (CIF) - 2023
- Imports of Lubricating Oil Additives; Containing Petroleum Oils or Oils Obtained from Bituminous Minerals in Qatar
Price for Lubricating Oil Additives; Containing Petroleum Oils or Oils Obtained from Bituminous Minerals in Qatar (CIF) - 2023
The average import price for lubricating oil additives; containing petroleum oils or oils obtained from bituminous mineralses stood at $4,007 per ton in October 2023, growing by 28% against the previous month. Overall, the import price showed a relatively flat trend pattern. The pace of growth was the most pronounced in June 2023 when the average import price increased by 88% m-o-m. As a result, import price attained the peak level of $8,648 per ton. From July 2023 to October 2023, the average import prices remained at a somewhat lower figure.
As there is only one major supplying country, the average price level is determined by prices for the United States.
From October 2022 to October 2023, the rate of growth in terms of prices for Turkey amounted to +16.8% per month.
Imports of Lubricating Oil Additives; Containing Petroleum Oils or Oils Obtained from Bituminous Minerals in Qatar
In 2022, imports of lubricating oil additives; containing petroleum oils or oils obtained from bituminous mineralses into Qatar soared to 453 tons, rising by 197% on 2021. Over the period under review, imports saw a resilient increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of lubricating oil additives; containing petroleum oils or oils obtained from bituminous mineralses surged to $2M in 2022. In general, imports saw a strong expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Lubricating Oil Additives; Containing Petroleum Oils or Oils Obtained from Bituminous Minerals in Qatar (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 1,013 | 1,514 | 523 | 1,214 | 6.2% |
| India | N/A | 137 | 37.4 | 367 | 63.7% |
| Germany | 51.7 | 85.1 | 94.6 | 208 | 59.0% |
| Singapore | N/A | N/A | N/A | 185 | 0% |
| France | 400 | 15.9 | N/A | 15.1 | -66.5% |
| Kuwait | 19.9 | N/A | N/A | N/A | 0% |
| Others | 16.8 | 27.0 | 86.3 | 20.6 | 7.0% |
| Total | 1,502 | 1,778 | 741 | 2,009 | 10.2% |
Top Suppliers of Lubricating Oil Additives; Containing Petroleum Oils or Oils Obtained from Bituminous Minerals to Qatar in 2022:
- United States (282.9 tons)
- India (85.9 tons)
- Singapore (57.6 tons)
- Germany (20.2 tons)
- France (2.9 tons)
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The growth of Lubricating Oil Additive was particularly strong in January 2023, increasing by 204% compared to the previous month. By October 2023, imports of lubricating oil additives had reached $674K in value.
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The price of Lubricating Oil Additive in April 2023 was $3,220 per ton (CIF, Qatar), showing a decrease of 13% compared to the previous month.
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The most significant growth rate was observed in December 2022, showing a month-to-month increase of 183%. The value of lubricant additives imports surged to $1.2M in October 2023.
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