Price for Lubricating Oil Additives; Containing Petroleum Oils or Oils Obtained from Bituminous Minerals in Uruguay - 2023
Contents:
- Price for Lubricating Oil Additives; Containing Petroleum Oils or Oils Obtained from Bituminous Minerals in Uruguay (CIF) - 2023
- Price for Lubricating Oil Additives; Containing Petroleum Oils or Oils Obtained from Bituminous Minerals in Uruguay (FOB) - 2022
- Imports of Lubricating Oil Additives; Containing Petroleum Oils or Oils Obtained from Bituminous Minerals in Uruguay
- Exports of Lubricating Oil Additives; Containing Petroleum Oils or Oils Obtained from Bituminous Minerals in Uruguay
Price for Lubricating Oil Additives; Containing Petroleum Oils or Oils Obtained from Bituminous Minerals in Uruguay (CIF) - 2023
The average import price for lubricating oil additives; containing petroleum oils or oils obtained from bituminous mineralses stood at $3,965 per ton in December 2023, increasing by 5.5% against the previous month. Overall, the import price, however, continues to indicate a perceptible curtailment. The pace of growth was the most pronounced in July 2023 when the average import price increased by 77% m-o-m. Over the period under review, average import prices attained the peak figure at $7,178 per ton in February 2023; however, from March 2023 to December 2023, import prices stood at a somewhat lower figure.
Average prices varied noticeably amongst the major supplying countries. In December 2023, the country with the highest price was Belgium ($3,877 per ton), while the price for the United States amounted to $3,777 per ton.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by Argentina (+0.6%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Lubricating Oil Additives; Containing Petroleum Oils or Oils Obtained from Bituminous Minerals in Uruguay (FOB) - 2022
In 2022, the average export price for lubricating oil additives; containing petroleum oils or oils obtained from bituminous mineralses amounted to $2,000 per ton, leveling off at the previous year. Overall, the export price continues to indicate a drastic downturn. The growth pace was the most rapid in 2019 when the average export price increased by 71% against the previous year. As a result, the export price attained the peak level of $4,229 per ton. From 2020 to 2022, the average export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Chile ($4,000 per ton), while the average price for exports to Serbia ($1,000 per ton) was amongst the lowest.
From 2017 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Chile (-0.2%), 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 Uruguay
In 2022, after two years of decline, there was significant growth in supplies from abroad of lubricating oil additives; containing petroleum oils or oils obtained from bituminous mineralses, when their volume increased by 19% to 567 tons. In general, imports, however, saw a relatively flat trend pattern.
In value terms, imports of lubricating oil additives; containing petroleum oils or oils obtained from bituminous mineralses skyrocketed to $2.2M in 2022. The total import value increased at an average annual rate of +5.6% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. 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 Uruguay (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 691 | 1,038 | 720 | 1,666 | 34.1% |
| Belgium | 204 | 112 | 308 | 269 | 9.7% |
| Italy | 22.0 | 39.7 | 55.2 | 159 | 93.3% |
| Argentina | 41.3 | 28.2 | 46.1 | 57.0 | 11.3% |
| France | 319 | 106 | 30.7 | 9.0 | -69.6% |
| Others | 623 | 482 | 437 | 78.1 | -50.0% |
| Total | 1,901 | 1,807 | 1,597 | 2,239 | 5.6% |
Top Suppliers of Lubricating Oil Additives; Containing Petroleum Oils or Oils Obtained from Bituminous Minerals to Uruguay in 2022:
- United States (453.4 tons)
- Belgium (65.1 tons)
- Italy (26.1 tons)
- Argentina (13.6 tons)
- France (2.6 tons)
Exports of Lubricating Oil Additives; Containing Petroleum Oils or Oils Obtained from Bituminous Minerals in Uruguay
In 2022, after two years of decline, there was significant decline in overseas shipments of lubricating oil additives; containing petroleum oils or oils obtained from bituminous mineralses, when their volume decreased by -50% to 3 kg. In general, exports continue to indicate a sharp curtailment.
In value terms, exports of lubricating oil additives; containing petroleum oils or oils obtained from bituminous mineralses dropped sharply to $6 in 2022. Overall, exports saw a dramatic decrease.
| Export of Lubricating Oil Additives; Containing Petroleum Oils or Oils Obtained from Bituminous Minerals in Uruguay (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Chile | 190 | N/A | 8.0 | 4.0 | -72.4% |
| Serbia | 6.0 | N/A | 1.0 | 1.0 | -45.0% |
| North Macedonia | 1.0 | N/A | 1.0 | 1.0 | 0.0% |
| Ecuador | 1.0 | N/A | N/A | N/A | 0% |
| Paraguay | 1.0 | N/A | N/A | N/A | 0% |
| Montenegro | 1.0 | N/A | N/A | N/A | 0% |
| Bolivia | N/A | N/A | 1.0 | N/A | 0% |
| Brazil | N/A | N/A | 1.0 | N/A | 0% |
| Others | 3.0 | N/A | N/A | N/A | 0% |
| Total | 203 | N/A | 12.0 | 6.0 | -69.1% |
Top Export Markets for Lubricating Oil Additives; Containing Petroleum Oils or Oils Obtained from Bituminous Minerals from Uruguay in 2022:
- Serbia (1.0 kg)
- North Macedonia (1.0 kg)
- Chile (1.0 kg)
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