Price for Lubricating Preparations Not for the Treatment of Materials in India - 2023
Contents:
- Price for Lubricating Preparations Not for the Treatment of Materials in India (CIF) - 2023
- Price for Lubricating Preparations Not for the Treatment of Materials in India (FOB) - 2023
- Imports of Lubricating Preparations Not for the Treatment of Materials in India
- Exports of Lubricating Preparations Not for the Treatment of Materials in India
Price for Lubricating Preparations Not for the Treatment of Materials in India (CIF) - 2023
In October 2023, the average import price for lubricating preparations not for the treatment of materials amounted to $3,554 per ton, increasing by 7.6% against the previous month. Over the period under review, the import price, however, saw a pronounced reduction. The growth pace was the most rapid in July 2023 when the average import price increased by 30% m-o-m. Over the period under review, average import prices hit record highs at $4,800 per ton in October 2022; however, from November 2022 to October 2023, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was the United States ($10,556 per ton), while the price for the United Arab Emirates ($480 per ton) was amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by Belgium (+3.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Lubricating Preparations Not for the Treatment of Materials in India (FOB) - 2023
The average export price for lubricating preparations not for the treatment of materials stood at $3,840 per ton in October 2023, increasing by 14% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +1.4%. Over the period under review, the average export prices hit record highs at $3,954 per ton in August 2023; however, from September 2023 to October 2023, the export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was Sri Lanka ($9,829 per ton), while the average price for exports to the United Arab Emirates ($2,370 per ton) was amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (+8.8%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Lubricating Preparations Not for the Treatment of Materials in India
In 2022, imports of lubricating preparations not for the treatment of materials into India fell slightly to 200K tons, dropping by -2.2% compared with 2021 figures. Over the period under review, total imports indicated a prominent increase from 2019 to 2022: its volume increased at an average annual rate of +10.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +76.5% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 80%. As a result, imports reached the peak of 205K tons, and then declined slightly in the following year.
In value terms, imports of lubricating preparations not for the treatment of materials rose significantly to $722M in 2022. In general, total imports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +9.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +70.5% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 58% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.
| Import of Lubricating Preparations Not for the Treatment of Materials in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 115 | 82.9 | 116 | 139 | 6.5% |
| Japan | 117 | 79.8 | 126 | 131 | 3.8% |
| United States | 73.4 | 62.1 | 91.5 | 96.7 | 9.6% |
| Singapore | 35.6 | 23.6 | 36.0 | 53.1 | 14.3% |
| Belgium | 34.4 | 25.6 | 47.6 | 51.8 | 14.6% |
| South Korea | 23.9 | 25.2 | 28.3 | 32.8 | 11.1% |
| China | 17.0 | 14.5 | 28.6 | 31.8 | 23.2% |
| Netherlands | 23.1 | 16.4 | 29.7 | 29.1 | 8.0% |
| Italy | 20.8 | 16.1 | 25.5 | 28.1 | 10.5% |
| United Arab Emirates | 1.6 | 1.3 | 23.0 | 24.5 | 148.3% |
| United Kingdom | 11.6 | 9.8 | 22.7 | 23.0 | 25.6% |
| France | 21.1 | 14.9 | 20.9 | 22.7 | 2.5% |
| Kuwait | 0.1 | N/A | 1.5 | 2.2 | 180.2% |
| Others | 58.4 | 51.2 | 71.2 | 56.0 | -1.4% |
| Total | 553 | 424 | 668 | 722 | 9.3% |
Top Suppliers of Lubricating Preparations Not for the Treatment of Materials to India in 2022:
- United Arab Emirates (42.4K tons)
- Japan (33.3K tons)
- Germany (31.5K tons)
- United States (13.5K tons)
- Italy (9.2K tons)
- Netherlands (9.1K tons)
- Singapore (8.6K tons)
- Belgium (8.6K tons)
- China (7.4K tons)
- South Korea (6.0K tons)
- Kuwait (5.0K tons)
- France (4.9K tons)
- United Kingdom (4.1K tons)
Exports of Lubricating Preparations Not for the Treatment of Materials in India
Exports of lubricating preparations not for the treatment of materials from India surged to 30K tons in 2022, growing by 26% on the previous year's figure. In general, total exports indicated a prominent increase from 2019 to 2022: its volume increased at an average annual rate of +6.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +53.3% against 2020 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of lubricating preparations not for the treatment of materials soared to $85M in 2022. Over the period under review, total exports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +13.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +68.6% against 2020 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Lubricating Preparations Not for the Treatment of Materials in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Bangladesh | 7.3 | 7.3 | 9.3 | 10.9 | 14.3% |
| China | 4.9 | 7.5 | 7.1 | 8.8 | 21.6% |
| United Arab Emirates | 3.8 | 2.7 | 5.5 | 6.7 | 20.8% |
| Saudi Arabia | 6.4 | 1.3 | 1.7 | 5.3 | -6.1% |
| Nepal | 3.9 | 2.2 | 6.4 | 5.2 | 10.1% |
| Thailand | 3.1 | 3.3 | 4.5 | 4.6 | 14.1% |
| Russia | 0.1 | 0.1 | 0.1 | 4.0 | 242.0% |
| Vietnam | 2.1 | 1.9 | 2.0 | 3.5 | 18.6% |
| Sri Lanka | 2.9 | 2.6 | 3.4 | 3.4 | 5.4% |
| South Korea | 0.8 | 2.4 | 1.9 | 3.1 | 57.1% |
| Malaysia | 2.2 | 2.1 | 2.6 | 2.9 | 9.6% |
| Indonesia | 1.4 | 1.6 | 3.0 | 2.5 | 21.3% |
| Kuwait | 0.9 | 0.8 | 1.3 | 0.8 | -3.9% |
| Others | 19.1 | 14.9 | 16.6 | 23.6 | 7.3% |
| Total | 59.0 | 50.5 | 65.5 | 85.1 | 13.0% |
Top Export Markets for Lubricating Preparations Not for the Treatment of Materials from India in 2022:
- United Arab Emirates (4.4K tons)
- Bangladesh (4.1K tons)
- Nepal (2.4K tons)
- Saudi Arabia (2.2K tons)
- China (1.9K tons)
- Thailand (1.6K tons)
- Russia (1.6K tons)
- Vietnam (1.2K tons)
- Sri Lanka (1.2K tons)
- Indonesia (0.9K tons)
- South Korea (0.8K tons)
- Malaysia (0.7K tons)
- Kuwait (0.7K tons)
284
This report provides an in-depth analysis of the market for petroleum lubricating oil and grease in India.
678
This report provides an in-depth analysis of the global market for petroleum lubricating oil and grease.
284
This report provides an in-depth analysis of the market for petroleum lubricating oil and grease in India.
678
This report provides an in-depth analysis of the global market for petroleum lubricating oil and grease.
Nothing found. Please try again.
