Price for Lubricating Oil Additives; Containing Petroleum Oils or Oils Obtained from Bituminous Minerals in Costa Rica - 2022

Contents:

  1. Price for Lubricating Oil Additives; Containing Petroleum Oils or Oils Obtained from Bituminous Minerals in Costa Rica (CIF) - 2022
  2. Price for Lubricating Oil Additives; Containing Petroleum Oils or Oils Obtained from Bituminous Minerals in Costa Rica (FOB) - 2022
  3. Imports of Lubricating Oil Additives; Containing Petroleum Oils or Oils Obtained from Bituminous Minerals in Costa Rica
  4. Exports of Lubricating Oil Additives; Containing Petroleum Oils or Oils Obtained from Bituminous Minerals in Costa Rica

Price for Lubricating Oil Additives; Containing Petroleum Oils or Oils Obtained from Bituminous Minerals in Costa Rica (CIF) - 2022

The average import price for lubricating oil additives; containing petroleum oils or oils obtained from bituminous mineralses stood at $7,677 per ton in 2022, waning by -18.3% against the previous year. Over the period under review, the import price, however, recorded a prominent increase. The most prominent rate of growth was recorded in 2019 when the average import price increased by 76%. The import price peaked at $9,842 per ton in 2020; however, from 2021 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Belgium ($21,128 per ton), while the price for Mexico ($2,387 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+31.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Lubricating Oil Additives; Containing Petroleum Oils or Oils Obtained from Bituminous Minerals in Costa Rica (FOB) - 2022

The average export price for lubricating oil additives; containing petroleum oils or oils obtained from bituminous mineralses stood at $1,000 per ton in 2022, standing approx. at the previous year. In general, the export price showed a abrupt downturn. The pace of growth appeared the most rapid in 2015 an increase of 1,484%. As a result, the export price attained the peak level of $16,636 per ton. From 2016 to 2022, the average export prices remained at a somewhat lower figure.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Nicaragua ($1,000 per ton), while the average price for exports to the Dominican Republic totaled $1,000 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Dominican Republic (-3.9%).

Imports of Lubricating Oil Additives; Containing Petroleum Oils or Oils Obtained from Bituminous Minerals in Costa Rica

In 2022, imports of lubricating oil additives; containing petroleum oils or oils obtained from bituminous mineralses into Costa Rica skyrocketed to 97 tons, rising by 186% compared with the previous year. Overall, imports saw a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of lubricating oil additives; containing petroleum oils or oils obtained from bituminous mineralses skyrocketed to $748K in 2022. In general, imports saw a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Import of Lubricating Oil Additives; Containing Petroleum Oils or Oils Obtained from Bituminous Minerals in Costa Rica (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
United States29920223364429.1%
Belgium10.55.12.638.253.8%
Germany14.57.033.534.133.0%
China0.10.20.619.3477.9%
Mexico2.51.21.82.95.1%
Others38.124.549.39.5-37.1%
Total36524032074827.0%

Top Suppliers of Lubricating Oil Additives; Containing Petroleum Oils or Oils Obtained from Bituminous Minerals to Costa Rica in 2022:

  1. United States (77.0 tons)
  2. Germany (7.4 tons)
  3. China (7.4 tons)
  4. Belgium (1.8 tons)
  5. Mexico (1.2 tons)

Exports of Lubricating Oil Additives; Containing Petroleum Oils or Oils Obtained from Bituminous Minerals in Costa Rica

Exports of lubricating oil additives; containing petroleum oils or oils obtained from bituminous mineralses from Costa Rica amounted to 2 kg in 2022, stabilizing at the previous year's figure. Over the period under review, exports showed a relatively flat trend pattern. The smallest decline of 99.9% was in 2021. Over the period under review, the exports of reached the peak figure in 2022 and are likely to see gradual growth in years to come.

In value terms, exports of lubricating oil additives; containing petroleum oils or oils obtained from bituminous mineralses totaled $2 in 2022. Overall, exports saw a sharp downturn. The smallest decline of 99.9% was in 2021.

Export of Lubricating Oil Additives; Containing Petroleum Oils or Oils Obtained from Bituminous Minerals in Costa Rica (USD)
COUNTRY202020212022CAGR,
2020-2022
Dominican Republic1.0N/A1.00.0%
Nicaragua3.0N/A1.0-42.3%
OthersN/AN/AN/A0%
Total4.0N/A2.0-29.3%

Top Export Markets for Lubricating Oil Additives; Containing Petroleum Oils or Oils Obtained from Bituminous Minerals from Costa Rica in 2022:

  1. Dominican Republic (1.0 kg)
  2. Nicaragua (1.0 kg)

Source: IndexBox Market Intelligence Platform

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