Price for Lubricating Oil Additives; Containing Petroleum Oils or Oils Obtained from Bituminous Minerals in Argentina - 2023
Contents:
- Price for Lubricating Oil Additives; Containing Petroleum Oils or Oils Obtained from Bituminous Minerals in Argentina (CIF) - 2022
- Price for Lubricating Oil Additives; Containing Petroleum Oils or Oils Obtained from Bituminous Minerals in Argentina (FOB) - 2022
- Imports of Lubricating Oil Additives; Containing Petroleum Oils or Oils Obtained from Bituminous Minerals in Argentina
- Exports of Lubricating Oil Additives; Containing Petroleum Oils or Oils Obtained from Bituminous Minerals in Argentina
Price for Lubricating Oil Additives; Containing Petroleum Oils or Oils Obtained from Bituminous Minerals in Argentina (CIF) - 2022
The average import price for lubricating oil additives; containing petroleum oils or oils obtained from bituminous mineralses stood at $4,343 per ton in 2022, picking up by 26% against the previous year. Overall, the import price recorded a relatively flat trend pattern. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($6,313 per ton), while the price for Brazil ($4,055 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+2.1%), 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 Argentina (FOB) - 2022
In 2022, the average export price for lubricating oil additives; containing petroleum oils or oils obtained from bituminous mineralses amounted to $5,680 per ton, rising by 24% against the previous year. Over the last decade, it increased at an average annual rate of +2.9%. The most prominent rate of growth was recorded in 2015 when the average export price increased by 72% against the previous year. The export price peaked in 2022 and is likely to see steady growth in years to come.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Brazil ($6,352 per ton), while the average price for exports to Uruguay ($4,128 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 Bolivia (+11.1%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Lubricating Oil Additives; Containing Petroleum Oils or Oils Obtained from Bituminous Minerals in Argentina
For the fourth consecutive year, Argentina recorded growth in overseas purchases of lubricating oil additives; containing petroleum oils or oils obtained from bituminous mineralses, which increased by 20% to 25K tons in 2022. Overall, total imports indicated buoyant growth from 2019 to 2022: its volume increased at an average annual rate of +13.4% 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 +46.0% against 2019 indices. The pace of growth was the most pronounced in 2021 with an increase of 21% against the previous year. Over the period under review, imports of hit record highs in 2022 and are likely to see gradual growth in the near future.
In value terms, imports of lubricating oil additives; containing petroleum oils or oils obtained from bituminous mineralses soared to $107M in 2022. In general, imports recorded 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 Argentina (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 29.7 | 31.4 | 33.4 | 42.8 | 13.0% |
| Brazil | 11.7 | 10.9 | 12.4 | 30.5 | 37.6% |
| Italy | 6.9 | 6.0 | 9.0 | 12.0 | 20.3% |
| Belgium | 4.8 | 4.0 | 7.1 | 9.0 | 23.3% |
| France | 4.5 | 4.6 | 5.1 | 6.4 | 12.5% |
| Germany | 1.5 | 1.4 | 2.0 | 2.8 | 23.1% |
| Others | 0.8 | 0.9 | 1.8 | 3.3 | 60.4% |
| Total | 60.0 | 59.2 | 70.9 | 107 | 21.3% |
Top Suppliers of Lubricating Oil Additives; Containing Petroleum Oils or Oils Obtained from Bituminous Minerals to Argentina in 2022:
- United States (9.7K tons)
- Brazil (7.5K tons)
- Italy (2.6K tons)
- Belgium (2.1K tons)
- France (1.4K tons)
- Germany (0.4K tons)
Exports of Lubricating Oil Additives; Containing Petroleum Oils or Oils Obtained from Bituminous Minerals in Argentina
In 2022, exports of lubricating oil additives; containing petroleum oils or oils obtained from bituminous mineralses from Argentina shrank notably to 119 tons, waning by -27.4% compared with 2021 figures. In general, exports showed a drastic downturn. The growth pace was the most rapid in 2021 with an increase of 29% against the previous year. As a result, the exports reached the peak of 164 tons, and then shrank dramatically in the following year.
In value terms, exports of lubricating oil additives; containing petroleum oils or oils obtained from bituminous mineralses declined to $678K in 2022. The total export value increased at an average annual rate of +2.2% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 36% against the previous year. As a result, the exports attained the peak of $750K, and then shrank in the following year.
| Export of Lubricating Oil Additives; Containing Petroleum Oils or Oils Obtained from Bituminous Minerals in Argentina (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Brazil | 15.8 | 5.5 | 15.2 | 376 | 187.6% |
| Chile | 11.6 | 33.4 | 49.9 | 245 | 176.4% |
| Uruguay | 14.1 | 7.9 | 14.7 | 55.9 | 58.3% |
| Venezuela | 458 | 419 | 560 | N/A | 10.6% |
| Colombia | 35.6 | 26.0 | 42.5 | N/A | 9.3% |
| Peru | 17.4 | 12.7 | 31.9 | N/A | 35.4% |
| Bolivia | 66.7 | 37.1 | 24.5 | N/A | -39.4% |
| Others | 15.7 | 9.1 | 11.1 | N/A | -15.9% |
| Total | 635 | 551 | 750 | 678 | 2.2% |
Top Export Markets for Lubricating Oil Additives; Containing Petroleum Oils or Oils Obtained from Bituminous Minerals from Argentina in 2022:
- Brazil (59.3 tons)
- Chile (46.5 tons)
- Uruguay (13.6 tons)
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