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Romania - Petroleum Lubricating Oil And Grease - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPrice for Petroleum Lubricating Oil and Grease in Romania - 2023
Contents:
- Price for Petroleum Lubricating Oil and Grease in Romania (CIF) - 2023
- Price for Petroleum Lubricating Oil and Grease in Romania (FOB) - 2023
- Imports of Petroleum Lubricating Oil and Grease in Romania
- Exports of Petroleum Lubricating Oil and Grease in Romania
Price for Petroleum Lubricating Oil and Grease in Romania (CIF) - 2023
The average import price for petroleum lubricating oil and grease stood at $5,203 per ton in July 2023, declining by -14.2% against the previous month. Over the period under review, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in January 2023 when the average import price increased by 25% m-o-m. As a result, import price reached the peak level of $6,108 per ton. From February 2023 to July 2023, the average import prices remained at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In July 2023, the country with the highest price was the UK ($7,199 per ton), while the price for France ($3,442 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by the Netherlands (+3.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Petroleum Lubricating Oil and Grease in Romania (FOB) - 2023
In July 2023, the average export price for petroleum lubricating oil and grease amounted to $5,930 per ton, with a decrease of -44% against the previous month. Over the period under review, export price indicated mild growth from July 2022 to July 2023: its price increased at an average monthly rate of +1.9% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on July 2023 figures, petroleum lubricating oil and grease export price decreased by -44.0% against June 2023 indices. The most prominent rate of growth was recorded in June 2023 an increase of 72% m-o-m. As a result, the export price attained the peak level of $10,592 per ton, and then shrank markedly in the following month.
Prices varied noticeably by the country of destination: the country with the highest price was China ($12,106 per ton), while the average price for exports to Ukraine ($1,678 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Armenia (+8.2%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Petroleum Lubricating Oil and Grease in Romania
In 2022, approx. 13K tons of petroleum lubricating oil and grease were imported into Romania; increasing by 5.6% against 2021. The total import volume increased at an average annual rate of +5.1% from 2019 to 2022; the trend pattern remained consistent, 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 expected to retain growth in the immediate term.
In value terms, petroleum lubricating oil and grease imports reached $59M in 2022. In general, total imports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +13.3% 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 +45.6% against 2019 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 29%. Imports peaked in 2022 and are expected to retain growth in the immediate term.
Import of Petroleum Lubricating Oil and Grease in Romania (Million USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Germany | 17.4 | 18.7 | 26.2 | 25.8 | 14.0% |
Italy | 7.2 | 8.1 | 8.8 | 9.1 | 8.1% |
Belgium | 1.4 | 2.8 | 4.9 | 6.0 | 62.4% |
Netherlands | 2.6 | 2.1 | 2.6 | 4.4 | 19.2% |
United Kingdom | 2.7 | 3.0 | 3.1 | 2.7 | 0.0% |
France | 2.3 | 2.0 | 2.2 | 2.2 | -1.5% |
Spain | 1.1 | 1.0 | 1.6 | 2.0 | 22.1% |
Hungary | 2.1 | 1.7 | 1.5 | 1.6 | -8.7% |
Austria | 0.8 | 1.1 | 1.5 | 1.0 | 7.7% |
Lithuania | 0.1 | 0.1 | 0.1 | 0.2 | 26.0% |
Others | 2.6 | 2.7 | 3.4 | 3.5 | 10.4% |
Total | 40.2 | 43.3 | 56.0 | 58.5 | 13.3% |
Top Suppliers of Petroleum Lubricating Oil and Grease to Romania in 2022:
- Germany (6.1K tons)
- Italy (1.5K tons)
- Belgium (1.2K tons)
- Netherlands (0.9K tons)
- France (0.5K tons)
- Spain (0.5K tons)
- United Kingdom (0.4K tons)
- Hungary (0.3K tons)
- Lithuania (0.2K tons)
- Austria (0.2K tons)
Exports of Petroleum Lubricating Oil and Grease in Romania
Petroleum lubricating oil and grease exports from Romania was estimated at 999 tons in 2022, picking up by 2.4% against 2021. The total export volume increased at an average annual rate of +2.6% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when exports increased by 6.6% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, petroleum lubricating oil and grease exports amounted to $5.3M in 2022. The total export value increased at an average annual rate of +7.0% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 30%. The exports peaked in 2022 and are expected to retain growth in the near future.
Export of Petroleum Lubricating Oil and Grease in Romania (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Moldova | 615 | 915 | 1,289 | 1,532 | 35.6% |
Bulgaria | 1,071 | 1,225 | 1,305 | 1,398 | 9.3% |
Italy | 276 | 568 | 935 | 523 | 23.7% |
Austria | 3.8 | 11.0 | 23.0 | 290 | 324.2% |
Poland | 14.4 | 36.4 | 75.8 | 199 | 140.0% |
Israel | 187 | 395 | 488 | 182 | -0.9% |
Greece | 83.6 | 69.4 | 153 | 171 | 26.9% |
Hungary | 1,433 | 274 | 262 | 164 | -51.4% |
Netherlands | 15.3 | 7.3 | 1.9 | 140 | 109.2% |
Germany | 110 | 102 | 22.9 | 133 | 6.5% |
Ukraine | 38.7 | 116 | 102 | 102 | 38.1% |
Others | 462 | 327 | 586 | 439 | -1.7% |
Total | 4,309 | 4,046 | 5,245 | 5,273 | 7.0% |
Top Export Markets for Petroleum Lubricating Oil and Grease from Romania in 2022:
- Bulgaria (274.7 tons)
- Moldova (250.5 tons)
- Italy (142.7 tons)
- Poland (55.6 tons)
- Austria (35.7 tons)
- Hungary (34.2 tons)
- Netherlands (31.3 tons)
- Greece (30.5 tons)
- Ukraine (29.7 tons)
- Germany (28.8 tons)
- Israel (22.2 tons)
This report provides an in-depth analysis of the market for petroleum lubricating oil and grease in Romania. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 20594155 - Lubricating preparations containing as basic constituents < .70% by weight of petroleum oils or of oils obtained from bituminous minerals for textiles, leather, hides, furskins and other materials
- Prodcom 20594157 - Lubricating preparations obtained from petroleum or bituminous minerals, excluding the ones used for the treatment of textiles, leather, hides, furskins and other materials
Country coverage:
- Romania
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Romania
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
This report provides an in-depth analysis of the market for petroleum lubricating oil and grease in Romania.
This report provides an in-depth analysis of the global market for petroleum lubricating oil and grease.
This report provides an in-depth analysis of the market for petroleum lubricating oil and grease in Romania.
This report provides an in-depth analysis of the global market for petroleum lubricating oil and grease.
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