Price for Lubricating Oil Additives; Containing Petroleum Oils or Oils Obtained from Bituminous Minerals in Romania - 2023
Contents:
- Price for Lubricating Oil Additives; Containing Petroleum Oils or Oils Obtained from Bituminous Minerals in Romania (CIF) - 2023
- Price for Lubricating Oil Additives; Containing Petroleum Oils or Oils Obtained from Bituminous Minerals in Romania (FOB) - 2022
- Imports of Lubricating Oil Additives; Containing Petroleum Oils or Oils Obtained from Bituminous Minerals in Romania
- Exports of Lubricating Oil Additives; Containing Petroleum Oils or Oils Obtained from Bituminous Minerals in Romania
Price for Lubricating Oil Additives; Containing Petroleum Oils or Oils Obtained from Bituminous Minerals in Romania (CIF) - 2023
The average import price for lubricating oil additives; containing petroleum oils or oils obtained from bituminous mineralses stood at $4,490 per ton in November 2023, therefore, remained relatively stable against the previous month. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in March 2023 when the average import price increased by 11% m-o-m. Over the period under review, average import prices reached the peak figure at $4,495 per ton in October 2023, and then reduced modestly in the following month.
Prices varied noticeably by the country of origin: the country with the highest price was Germany ($9,442 per ton), while the price for France ($3,155 per ton) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Germany (+4.1%), 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 Romania (FOB) - 2022
The average export price for lubricating oil additives; containing petroleum oils or oils obtained from bituminous mineralses stood at $6,146 per ton in 2022, falling by -15.3% against the previous year. Over the period under review, the export price showed a mild decline. The growth pace was the most rapid in 2018 an increase of 97% against the previous year. Over the period under review, the average export prices hit record highs at $15,986 per ton in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Kazakhstan ($6,513 per ton), while the average price for exports to Portugal ($909 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 Greece (-1.0%), while the prices for the other major destinations experienced a decline.
Imports of Lubricating Oil Additives; Containing Petroleum Oils or Oils Obtained from Bituminous Minerals in Romania
For the fourth year in a row, Romania recorded growth in purchases abroad of lubricating oil additives; containing petroleum oils or oils obtained from bituminous mineralses, which increased by 3.2% to 6.9K tons in 2022. The total import volume increased at an average annual rate of +5.0% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 12%. Imports peaked in 2022 and are likely to see steady growth in years to come.
In value terms, imports of lubricating oil additives; containing petroleum oils or oils obtained from bituminous mineralses skyrocketed to $24M in 2022. The total import value increased at an average annual rate of +11.5% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached 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 Romania (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 8.3 | 9.2 | 10.5 | 10.5 | 8.2% |
| Italy | 4.4 | 3.9 | 3.8 | 4.4 | 0.0% |
| Belgium | 1.9 | 1.8 | 3.1 | 3.7 | 24.9% |
| Greece | 0.1 | 0.7 | 0.5 | 1.6 | 152.0% |
| Germany | 1.4 | 1.5 | 1.7 | 1.6 | 4.6% |
| United Kingdom | 0.2 | 0.7 | 0.2 | 1.1 | 76.5% |
| Netherlands | 0.6 | 0.7 | 0.4 | 0.8 | 10.1% |
| Others | 0.6 | 0.9 | 0.7 | 0.8 | 10.1% |
| Total | 17.6 | 19.3 | 20.9 | 24.4 | 11.5% |
Top Suppliers of Lubricating Oil Additives; Containing Petroleum Oils or Oils Obtained from Bituminous Minerals to Romania in 2022:
- France (3906.1 tons)
- Italy (1055.3 tons)
- Belgium (858.7 tons)
- Greece (272.9 tons)
- United Kingdom (253.3 tons)
- Germany (235.1 tons)
- Netherlands (171.7 tons)
Exports of Lubricating Oil Additives; Containing Petroleum Oils or Oils Obtained from Bituminous Minerals in Romania
In 2022, exports of lubricating oil additives; containing petroleum oils or oils obtained from bituminous mineralses from Romania skyrocketed to 43 tons, rising by 543% on the year before. Overall, exports saw a significant increase. As a result, the exports reached 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 soared to $267K in 2022. Over the period under review, exports continue to indicate 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 Romania (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Kazakhstan | N/A | N/A | N/A | 212 | 0% |
| Bulgaria | 19.5 | 5.4 | 7.7 | 14.6 | -9.2% |
| Finland | N/A | N/A | 13.0 | 10.4 | -20.0% |
| Austria | N/A | 0.5 | 0.3 | 8.6 | 314.7% |
| Moldova | 0.1 | 2.1 | 2.4 | 7.8 | 327.3% |
| Croatia | 7.0 | 23.4 | 13.4 | 2.0 | -34.1% |
| Portugal | N/A | N/A | N/A | 0.9 | 0% |
| Belgium | N/A | 5.6 | N/A | N/A | 0% |
| Others | 1.3 | 3.2 | 12.3 | 10.3 | 99.4% |
| Total | 27.9 | 40.1 | 49.1 | 267 | 112.3% |
Top Export Markets for Lubricating Oil Additives; Containing Petroleum Oils or Oils Obtained from Bituminous Minerals from Romania in 2022:
- Kazakhstan (32.6 tons)
- Bulgaria (3.1 tons)
- Finland (2.3 tons)
- Moldova (1.9 tons)
- Austria (1.5 tons)
- Portugal (1.0 tons)
- Croatia (0.1 tons)
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