Ecuador - Additives For Lubricating Oils - Market Analysis, Forecast, Size, Trends And Insights
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View PricingLubricating Oil Additive Price in Ecuador - 2022
Contents:
- Lubricating Oil Additive Price in Ecuador (CIF) - 2022
- Lubricating Oil Additive Price in Ecuador (FOB) - 2022
- Lubricating Oil Additive Imports in Ecuador
- Lubricating Oil Additive Exports in Ecuador
Lubricating Oil Additive Price in Ecuador (CIF) - 2022
In January 2022, the average lubricating oil additive import price amounted to $4,234 per ton, reducing by -4.2% against the previous month. In general, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in June 2021 an increase of 19% against the previous month. The import price peaked at $4,678 per ton in October 2021; however, from November 2021 to January 2022, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In January 2022, the country with the highest price was France ($5,970 per ton), while the price for China ($3,830 per ton) was amongst the lowest.
From January 2021 to January 2022, the most notable rate of growth in terms of prices was attained by China (+1.9%), while the prices for the other major suppliers experienced mixed trend patterns.
Lubricating Oil Additive Price in Ecuador (FOB) - 2022
In 2022, the average lubricating oil additive export price amounted to $4,266 per ton, with an increase of 5.2% against the previous year. In general, the export price, however, recorded a slight setback. The pace of growth appeared the most rapid in 2019 when the average export price increased by 48%. As a result, the export price reached the peak level of $5,339 per ton. From 2020 to 2022, the average export prices failed to regain momentum.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Chile ($7,208 per ton), while the average price for exports to Peru stood at $4,137 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Colombia (+27.9%), while the prices for the other major destinations experienced more modest paces of growth.
Lubricating Oil Additive Imports in Ecuador
In 2022, supplies from abroad of additives for lubricating oils was finally on the rise to reach 8.8K tons after two years of decline. In general, imports posted prominent growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, lubricating oil additive imports soared to $37M in 2022. Over the period under review, imports continue to indicate strong growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Lubricating Oil Additive in Ecuador (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 16.8 | 15.8 | 15.9 | 28.0 | 18.6% |
| France | 3.4 | 1.3 | 2.5 | 4.3 | 8.1% |
| Belgium | 1.0 | 0.4 | 0.5 | 1.1 | 3.2% |
| Italy | 0.5 | 0.5 | 0.4 | 0.8 | 17.0% |
| Others | 1.7 | 1.5 | 1.3 | 2.8 | 18.1% |
| Total | 23.4 | 19.6 | 20.6 | 37.1 | 16.6% |
Top Suppliers of Lubricating Oil Additive to Ecuador in 2022:
- United States (6.8K tons)
- France (1.0K tons)
- Belgium (0.3K tons)
- Italy (0.1K tons)
Lubricating Oil Additive Exports in Ecuador
In 2022, overseas shipments of additives for lubricating oils decreased by -19.5% to 28 tons, falling for the second consecutive year after two years of growth. In general, exports, however, posted a significant increase. The pace of growth appeared the most rapid in 2020 when exports increased by 446%. As a result, the exports attained the peak of 49 tons. From 2021 to 2022, the growth of the exports failed to regain momentum.
In value terms, lubricating oil additive exports shrank remarkably to $119K in 2022. Overall, exports, however, continue to indicate a significant expansion. The growth pace was the most rapid in 2020 with an increase of 354%. As a result, the exports reached the peak of $217K. From 2021 to 2022, the growth of the exports remained at a lower figure.
| Export of Lubricating Oil Additive in Ecuador (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Peru | 32.3 | 198 | 121 | 111 | 50.9% |
| Chile | 15.4 | 12.2 | 1.5 | 8.4 | -18.3% |
| United States | N/A | N/A | 10.5 | N/A | 0% |
| Others | N/A | 6.5 | 7.0 | N/A | 7.7% |
| Total | 47.7 | 217 | 140 | 119 | 35.6% |
Top Export Markets for Lubricating Oil Additive from Ecuador in 2022:
- Peru (26.7 tons)
- Chile (1.2 tons)
This report provides an in-depth analysis of the lubricating oil additive market in Ecuador. 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 20594270 - Additives for lubricating oils
Country coverage:
- Ecuador
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Ecuador
- 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
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