Price for Lubricating Oil Additives; Containing Petroleum Oils or Oils Obtained from Bituminous Minerals in Belgium - 2023
Contents:
- Price for Lubricating Oil Additives; Containing Petroleum Oils or Oils Obtained from Bituminous Minerals in Belgium (FOB) - 2023
- Price for Lubricating Oil Additives; Containing Petroleum Oils or Oils Obtained from Bituminous Minerals in Belgium (CIF) - 2022
- Exports of Lubricating Oil Additives; Containing Petroleum Oils or Oils Obtained from Bituminous Minerals in Belgium
- Imports of Lubricating Oil Additives; Containing Petroleum Oils or Oils Obtained from Bituminous Minerals in Belgium
Price for Lubricating Oil Additives; Containing Petroleum Oils or Oils Obtained from Bituminous Minerals in Belgium (FOB) - 2023
In November 2023, the average export price for lubricating oil additives; containing petroleum oils or oils obtained from bituminous mineralses amounted to $4,894 per ton, with a decrease of -3.8% against the previous month. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in January 2023 when the average export price increased by 16% month-to-month. Over the period under review, the average export prices attained the peak figure at $5,252 per ton in February 2023; however, from March 2023 to November 2023, the export prices remained at a lower figure.
There were significant differences in the average prices for the major external markets. In November 2023, the country with the highest price was Italy ($6,060 per ton), while the average price for exports to Brazil ($3,687 per ton) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to Brazil (+2.0%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Lubricating Oil Additives; Containing Petroleum Oils or Oils Obtained from Bituminous Minerals in Belgium (CIF) - 2022
The average import price for lubricating oil additives; containing petroleum oils or oils obtained from bituminous mineralses stood at $3,342 per ton in 2022, with an increase of 24% against the previous year. Overall, the import price, however, saw a slight curtailment. Over the period under review, average import prices hit record highs at $3,927 per ton in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($5,439 per ton), while the price for the Netherlands ($1,751 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (+3.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Lubricating Oil Additives; Containing Petroleum Oils or Oils Obtained from Bituminous Minerals in Belgium
In 2022, approx. 226K tons of lubricating oil additives; containing petroleum oils or oils obtained from bituminous mineralses were exported from Belgium; almost unchanged from 2021 figures. Overall, exports continue to indicate significant growth. The growth pace was the most rapid in 2020 when exports increased by 445% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.
In value terms, exports of lubricating oil additives; containing petroleum oils or oils obtained from bituminous mineralses skyrocketed to $958M in 2022. Over the period under review, exports showed significant growth. The pace of growth was the most pronounced in 2020 with an increase of 456%. Over the period under review, the exports of reached the peak figure in 2022 and are likely to continue growth in years to come.
| Export of Lubricating Oil Additives; Containing Petroleum Oils or Oils Obtained from Bituminous Minerals in Belgium (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 14.9 | 105 | 130 | 140 | 111.0% |
| Germany | 15.7 | 91.2 | 110 | 120 | 97.0% |
| Netherlands | 11.5 | 53.4 | 65.9 | 91.9 | 99.9% |
| Turkey | 4.5 | 29.4 | 31.4 | 58.5 | 135.1% |
| United Arab Emirates | 13.6 | 49.3 | 44.5 | 53.1 | 57.5% |
| South Africa | 3.8 | 24.4 | 24.2 | 44.1 | 126.4% |
| Brazil | 1.7 | 14.7 | 26.0 | 43.0 | 193.5% |
| Italy | 4.2 | 28.4 | 29.8 | 38.2 | 108.7% |
| India | 7.7 | 30.6 | 30.1 | 37.4 | 69.4% |
| United States | 1.6 | 7.8 | 10.0 | 24.2 | 147.3% |
| Spain | 2.8 | 14.5 | 14.6 | 23.4 | 102.9% |
| Portugal | 0.8 | 4.0 | 3.1 | 22.4 | 203.7% |
| United Kingdom | 5.8 | 27.7 | 18.9 | 19.3 | 49.3% |
| Others | 36.5 | 215 | 276 | 242 | 87.9% |
| Total | 125 | 695 | 814 | 958 | 97.2% |
Top Export Markets for Lubricating Oil Additives; Containing Petroleum Oils or Oils Obtained from Bituminous Minerals from Belgium in 2022:
- France (30.5K tons)
- Germany (26.3K tons)
- Netherlands (21.5K tons)
- United Arab Emirates (14.6K tons)
- Brazil (14.4K tons)
- Turkey (13.1K tons)
- South Africa (11.3K tons)
- Italy (8.7K tons)
- Portugal (7.1K tons)
- India (7.1K tons)
- United States (5.6K tons)
- Spain (4.8K tons)
- United Kingdom (4.4K tons)
Imports of Lubricating Oil Additives; Containing Petroleum Oils or Oils Obtained from Bituminous Minerals in Belgium
In 2022, after three years of growth, there was decline in supplies from abroad of lubricating oil additives; containing petroleum oils or oils obtained from bituminous mineralses, when their volume decreased by -2.6% to 251K tons. Overall, imports, however, saw a significant expansion. The pace of growth appeared the most rapid in 2020 with an increase of 171% against the previous year.
In value terms, imports of lubricating oil additives; containing petroleum oils or oils obtained from bituminous mineralses surged to $839M in 2022. Over the period under review, imports, however, continue to indicate a significant expansion. The pace of growth was the most pronounced in 2020 with an increase of 134%. Imports peaked in 2022 and are expected to retain growth in years to come.
| Import of Lubricating Oil Additives; Containing Petroleum Oils or Oils Obtained from Bituminous Minerals in Belgium (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 125 | 228 | 296 | 341 | 39.7% |
| United States | 11.4 | 159 | 163 | 204 | 161.6% |
| Italy | 64.5 | 115 | 117 | 149 | 32.2% |
| Mexico | 0.4 | 21.8 | 24.5 | 34.9 | 343.5% |
| Germany | 17.2 | 20.8 | 32.1 | 32.3 | 23.4% |
| Singapore | 1.7 | 11.3 | 18.1 | 31.2 | 163.8% |
| Netherlands | 14.2 | 27.6 | 25.9 | 28.2 | 25.7% |
| Others | 21.1 | 14.6 | 19.0 | 19.8 | -2.1% |
| Total | 256 | 598 | 695 | 839 | 48.5% |
Top Suppliers of Lubricating Oil Additives; Containing Petroleum Oils or Oils Obtained from Bituminous Minerals to Belgium in 2022:
- France (113.3K tons)
- United States (52.9K tons)
- Italy (35.4K tons)
- Netherlands (16.1K tons)
- Mexico (11.4K tons)
- Singapore (11.1K tons)
- Germany (5.9K tons)
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