Price for Lubricating Oil Additives; Containing Petroleum Oils or Oils Obtained from Bituminous Minerals in the United Arab Emirates - 2022
Contents:
- Price for Lubricating Oil Additives; Containing Petroleum Oils or Oils Obtained from Bituminous Minerals in the United Arab Emirates (CIF) - 2022
- Price for Lubricating Oil Additives; Containing Petroleum Oils or Oils Obtained from Bituminous Minerals in the United Arab Emirates (FOB) - 2022
- Imports of Lubricating Oil Additives; Containing Petroleum Oils or Oils Obtained from Bituminous Minerals in the United Arab Emirates
- Exports of Lubricating Oil Additives; Containing Petroleum Oils or Oils Obtained from Bituminous Minerals in the United Arab Emirates
Price for Lubricating Oil Additives; Containing Petroleum Oils or Oils Obtained from Bituminous Minerals in the United Arab Emirates (CIF) - 2022
In 2022, the average import price for lubricating oil additives; containing petroleum oils or oils obtained from bituminous mineralses amounted to $3,589 per ton, picking up by 23% against the previous year. Overall, the import price saw a relatively flat trend pattern. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from the United States ($4,360 per ton) and Italy ($4,254 per ton), while the price for Singapore ($3,147 per ton) and India ($3,286 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+10.5%), 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 the United Arab Emirates (FOB) - 2022
The average export price for lubricating oil additives; containing petroleum oils or oils obtained from bituminous mineralses stood at $3,159 per ton in 2022, which is down by -9.9% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.8%. The growth pace was the most rapid in 2015 when the average export price increased by 21%. Over the period under review, the average export prices reached the maximum at $3,720 per ton in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Sudan ($4,530 per ton), while the average price for exports to Saudi Arabia ($1,623 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 Azerbaijan (+26.5%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Lubricating Oil Additives; Containing Petroleum Oils or Oils Obtained from Bituminous Minerals in the United Arab Emirates
In 2022, the amount of lubricating oil additives; containing petroleum oils or oils obtained from bituminous mineralses imported into the United Arab Emirates contracted remarkably to 135K tons, which is down by -26.4% on the year before. Over the period under review, imports continue to indicate a noticeable reduction. The most prominent rate of growth was recorded in 2021 when imports increased by 43% against the previous year. As a result, imports attained the peak of 184K tons, and then dropped significantly in the following year.
In value terms, imports of lubricating oil additives; containing petroleum oils or oils obtained from bituminous mineralses shrank to $486M in 2022. The total import value increased at an average annual rate of +3.5% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 45%. As a result, imports reached the peak of $538M, and then shrank in the following year.
| Import of Lubricating Oil Additives; Containing Petroleum Oils or Oils Obtained from Bituminous Minerals in the United Arab Emirates (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Singapore | 72.2 | 57.2 | 72.2 | 109 | 14.7% |
| China | 22.2 | 42.6 | 47.8 | 98.3 | 64.2% |
| France | 66.2 | 52.6 | 70.4 | 93.4 | 12.2% |
| Italy | 46.0 | 26.0 | 25.5 | 52.0 | 4.2% |
| United States | 22.0 | 19.0 | 21.1 | 47.9 | 29.6% |
| Belgium | 9.1 | 3.3 | 41.2 | 45.0 | 70.4% |
| India | 8.4 | 14.7 | 15.5 | 26.0 | 45.7% |
| Others | 192 | 156 | 244 | 14.3 | -57.9% |
| Total | 438 | 371 | 538 | 486 | 3.5% |
Top Suppliers of Lubricating Oil Additives; Containing Petroleum Oils or Oils Obtained from Bituminous Minerals to the United Arab Emirates in 2022:
- Singapore (34.7K tons)
- China (29.8K tons)
- France (22.6K tons)
- Belgium (13.3K tons)
- Italy (12.2K tons)
- United States (11.0K tons)
- India (7.9K tons)
Exports of Lubricating Oil Additives; Containing Petroleum Oils or Oils Obtained from Bituminous Minerals in the United Arab Emirates
In 2022, exports of lubricating oil additives; containing petroleum oils or oils obtained from bituminous mineralses from the United Arab Emirates surged to 48K tons, jumping by 87% against 2021 figures. Over the period under review, total exports indicated a resilient expansion from 2019 to 2022: its volume increased at an average annual rate of +13.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. 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 soared to $152M in 2022. Overall, total exports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +7.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached 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 the United Arab Emirates (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Azerbaijan | N/A | 0.1 | 0.1 | 24.2 | 1455.6% |
| Nigeria | 1.2 | 26.4 | 5.4 | 18.6 | 149.3% |
| Iran | 106 | 94.2 | 72.5 | 14.0 | -49.1% |
| Pakistan | 0.8 | 1.0 | 2.1 | 12.6 | 150.7% |
| Saudi Arabia | 2.7 | 1.0 | 0.6 | 11.2 | 60.7% |
| Iraq | N/A | N/A | N/A | 9.0 | 0% |
| Singapore | N/A | N/A | N/A | 7.0 | 0% |
| Sudan | N/A | N/A | N/A | 6.3 | 0% |
| Belgium | 0.1 | N/A | N/A | 4.8 | 263.4% |
| Turkey | N/A | N/A | 0.1 | 4.6 | 4500.0% |
| Oman | 6.5 | 3.3 | 2.6 | 3.1 | -21.9% |
| Jordan | 0.6 | 1.8 | 0.8 | 3.0 | 71.0% |
| South Africa | 0.4 | 0.6 | 0.8 | 2.8 | 91.3% |
| Others | 4.9 | 4.2 | 5.4 | 30.9 | 84.8% |
| Total | 123 | 133 | 90.5 | 152 | 7.3% |
Top Export Markets for Lubricating Oil Additives; Containing Petroleum Oils or Oils Obtained from Bituminous Minerals from the United Arab Emirates in 2022:
- Saudi Arabia (6.9K tons)
- Azerbaijan (6.3K tons)
- Nigeria (6.0K tons)
- Iraq (3.8K tons)
- Pakistan (3.6K tons)
- Iran (3.6K tons)
- Singapore (2.0K tons)
- Jordan (1.8K tons)
- Sudan (1.4K tons)
- Turkey (1.3K tons)
- Belgium (1.3K tons)
- South Africa (0.9K tons)
- Oman (0.9K tons)
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