Price for Lubricating Preparations Not for the Treatment of Materials in Turkey - 2023
Contents:
- Price for Lubricating Preparations Not for the Treatment of Materials in Turkey (CIF) - 2023
- Price for Lubricating Preparations Not for the Treatment of Materials in Turkey (FOB) - 2022
- Imports of Lubricating Preparations Not for the Treatment of Materials in Turkey
- Exports of Lubricating Preparations Not for the Treatment of Materials in Turkey
Price for Lubricating Preparations Not for the Treatment of Materials in Turkey (CIF) - 2023
In November 2023, the average import price for lubricating preparations not for the treatment of materials amounted to $4,712 per ton, shrinking by -4.8% against the previous month. In general, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in January 2023 when the average import price increased by 9% month-to-month. As a result, import price attained the peak level of $5,464 per ton. From February 2023 to November 2023, the average import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In November 2023, the country with the highest price was the United States ($11,384 per ton), while the price for Italy ($2,925 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 the UK (+1.6%), 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 Turkey (FOB) - 2022
In 2022, the average export price for lubricating preparations not for the treatment of materials amounted to $4,397 per ton, increasing by 24% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.1%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Kyrgyzstan ($6,527 per ton), while the average price for exports to Iraq ($1,672 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 Egypt (+9.0%), 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 Turkey
For the fourth year in a row, Turkey recorded growth in overseas purchases of lubricating preparations not for the treatment of materials, which increased by 7.7% to 101K tons in 2022. In general, total imports indicated strong growth from 2019 to 2022: its volume increased at an average annual rate of +14.4% 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 +49.7% against 2019 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 26%. Imports peaked in 2022 and are likely to continue growth in the near future.
In value terms, imports of lubricating preparations not for the treatment of materials surged to $448M in 2022. Overall, total imports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +18.8% 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 +67.8% against 2019 indices. The pace of growth was the most pronounced in 2021 when imports increased by 30%. Imports peaked in 2022 and are likely to see steady growth in the immediate term.
| Import of Lubricating Preparations Not for the Treatment of Materials in Turkey (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 82.0 | 87.4 | 110 | 128 | 16.0% |
| France | 37.8 | 44.3 | 53.7 | 82.4 | 29.7% |
| United States | 36.6 | 27.9 | 39.8 | 59.4 | 17.5% |
| Italy | 16.5 | 18.1 | 26.4 | 32.4 | 25.2% |
| United Kingdom | 19.0 | 19.3 | 29.4 | 30.1 | 16.6% |
| Netherlands | 17.7 | 21.0 | 30.3 | 29.2 | 18.2% |
| Spain | 16.8 | 18.3 | 22.0 | 25.5 | 14.9% |
| Japan | 10.0 | 14.7 | 18.6 | 19.6 | 25.1% |
| Others | 30.6 | 30.3 | 36.5 | 41.5 | 10.7% |
| Total | 267 | 281 | 366 | 448 | 18.8% |
Top Suppliers of Lubricating Preparations Not for the Treatment of Materials to Turkey in 2022:
- Germany (27.7K tons)
- France (18.9K tons)
- Italy (11.7K tons)
- Netherlands (8.4K tons)
- Spain (7.7K tons)
- United Kingdom (7.5K tons)
- United States (6.1K tons)
- Japan (5.2K tons)
Exports of Lubricating Preparations Not for the Treatment of Materials in Turkey
For the fourth year in a row, Turkey recorded growth in shipments abroad of lubricating preparations not for the treatment of materials, which increased by 98% to 30K tons in 2022. In general, exports continue to indicate significant growth. 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 $133M in 2022. Overall, exports recorded a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Lubricating Preparations Not for the Treatment of Materials in Turkey (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 2.7 | 4.5 | 5.2 | 62.3 | 184.7% |
| Azerbaijan | 4.1 | 4.5 | 4.9 | 8.2 | 26.0% |
| Iran | 3.1 | 3.5 | 4.0 | 4.6 | 14.1% |
| Uzbekistan | 3.0 | 3.0 | 3.0 | 4.3 | 12.7% |
| Kyrgyzstan | 1.2 | 1.2 | 2.4 | 4.1 | 50.6% |
| Kazakhstan | 0.8 | 1.0 | 1.0 | 3.9 | 69.6% |
| Iraq | 2.8 | 2.2 | 2.3 | 3.7 | 9.7% |
| Belarus | N/A | N/A | N/A | 2.7 | 0% |
| Egypt | 1.4 | 1.0 | 1.8 | 2.7 | 24.5% |
| Germany | 2.5 | 2.6 | 3.0 | 2.6 | 1.3% |
| Georgia | 1.0 | 1.0 | 1.2 | 1.9 | 23.9% |
| United Arab Emirates | 0.5 | 0.2 | 0.3 | 1.6 | 47.4% |
| Israel | 0.9 | 1.0 | 1.3 | 1.3 | 13.0% |
| Others | 17.7 | 19.3 | 23.3 | 29.1 | 18.0% |
| Total | 41.7 | 45.0 | 53.9 | 133 | 47.2% |
Top Export Markets for Lubricating Preparations Not for the Treatment of Materials from Turkey in 2022:
- Russia (12.2K tons)
- Iraq (2.2K tons)
- Azerbaijan (1.5K tons)
- Uzbekistan (1.2K tons)
- Iran (0.9K tons)
- Belarus (0.8K tons)
- Israel (0.7K tons)
- Kazakhstan (0.7K tons)
- Kyrgyzstan (0.6K tons)
- Egypt (0.6K tons)
- United Arab Emirates (0.6K tons)
- Georgia (0.5K tons)
- Germany (0.5K tons)
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This report provides an in-depth analysis of the market for petroleum lubricating oil and grease in Turkey.
678
This report provides an in-depth analysis of the global market for petroleum lubricating oil and grease.
357
This report provides an in-depth analysis of the market for petroleum lubricating oil and grease in Turkey.
678
This report provides an in-depth analysis of the global market for petroleum lubricating oil and grease.
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