Price for Lubricating Oil Additives; Containing Petroleum Oils or Oils Obtained from Bituminous Minerals in Angola - 2022
Contents:
- Price for Lubricating Oil Additives; Containing Petroleum Oils or Oils Obtained from Bituminous Minerals in Angola (CIF) - 2022
- Price for Lubricating Oil Additives; Containing Petroleum Oils or Oils Obtained from Bituminous Minerals in Angola (FOB) - 2022
- Imports of Lubricating Oil Additives; Containing Petroleum Oils or Oils Obtained from Bituminous Minerals in Angola
- Exports of Lubricating Oil Additives; Containing Petroleum Oils or Oils Obtained from Bituminous Minerals in Angola
Price for Lubricating Oil Additives; Containing Petroleum Oils or Oils Obtained from Bituminous Minerals in Angola (CIF) - 2022
The average import price for lubricating oil additives; containing petroleum oils or oils obtained from bituminous mineralses stood at $5,263 per ton in 2022, growing by 36% against the previous year. In general, import price indicated a mild expansion from 2012 to 2022: its price increased at an average annual rate of +1.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for lubricating oil additives; containing petroleum oils or oils obtained from bituminous mineralses decreased by -7.7% against 2020 indices. The pace of growth was the most pronounced in 2020 when the average import price increased by 44% against the previous year. Over the period under review, average import prices attained the maximum at $6,398 per ton in 2016; however, from 2017 to 2022, import prices failed to regain momentum.
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 Italy ($12,263 per ton), while the price for the United Arab Emirates ($4,909 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+10.6%), 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 Angola (FOB) - 2022
The average export price for lubricating oil additives; containing petroleum oils or oils obtained from bituminous mineralses stood at $5,121 per ton in 2022, remaining constant against the previous year. Over the period under review, the export price faced a abrupt contraction. The most prominent rate of growth was recorded in 2020 a decrease of -36.7%. The export price peaked at $8,091 per ton in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for France.
From 2019 to 2022, the rate of growth in terms of prices for Namibia amounted to +2.3% per year.
Imports of Lubricating Oil Additives; Containing Petroleum Oils or Oils Obtained from Bituminous Minerals in Angola
For the fourth consecutive year, Angola recorded growth in purchases abroad of lubricating oil additives; containing petroleum oils or oils obtained from bituminous mineralses, which increased by 32% to 641 tons in 2022. Over the period under review, imports showed significant growth. The pace of growth was the most pronounced in 2020 when imports increased by 195%. Over the period under review, imports of attained the peak figure 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 skyrocketed to $3.4M in 2022. Overall, imports posted a significant expansion. The pace of growth was the most pronounced in 2020 with an increase of 327% against the previous year. Over the period under review, imports of attained the peak figure in 2022 and are likely to see steady growth in years to come.
Import of Lubricating Oil Additives; Containing Petroleum Oils or Oils Obtained from Bituminous Minerals in Angola (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Belgium | 5.3 | 93.6 | 298 | 2,209 | 647.0% |
United Arab Emirates | 1.7 | 2.1 | 308 | 593 | 603.9% |
South Africa | 205 | 791 | 754 | 393 | 24.2% |
India | 2.1 | 28.4 | 49.4 | 116 | 280.8% |
Singapore | 8.0 | 197 | 147 | 5.3 | -12.8% |
Portugal | 1.7 | 77.4 | 95.5 | 0.8 | -22.2% |
South Korea | N/A | N/A | 73.0 | N/A | 0% |
France | 105 | 179 | 90.9 | N/A | -7.0% |
Others | 4.9 | 57.1 | 66.2 | 54.3 | 122.9% |
Total | 334 | 1,425 | 1,880 | 3,372 | 116.1% |
Top Suppliers of Lubricating Oil Additives; Containing Petroleum Oils or Oils Obtained from Bituminous Minerals to Angola in 2022:
- Belgium (418.9 tons)
- United Arab Emirates (120.9 tons)
- South Africa (77.5 tons)
- India (9.9 tons)
- Singapore (1.0 tons)
- Portugal (0.1 tons)
Exports of Lubricating Oil Additives; Containing Petroleum Oils or Oils Obtained from Bituminous Minerals in Angola
In 2022, shipments abroad of lubricating oil additives; containing petroleum oils or oils obtained from bituminous mineralses decreased by 0% to 174 kg, falling for the second year in a row after two years of growth. Overall, exports enjoyed significant growth. The pace of growth appeared the most rapid in 2020 with an increase of 3,064%. As a result, the exports reached the peak of 348 kg. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
In value terms, exports of lubricating oil additives; containing petroleum oils or oils obtained from bituminous mineralses stood at $891 in 2022. In general, exports recorded significant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 1,901%. As a result, the exports attained the peak of $1.8K. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
Export of Lubricating Oil Additives; Containing Petroleum Oils or Oils Obtained from Bituminous Minerals in Angola (USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
France | N/A | N/A | N/A | 891 | 0% |
Namibia | 5.0 | 1,764 | N/A | N/A | 35180.0% |
United States | 84.0 | 17.0 | N/A | N/A | -79.8% |
Others | N/A | N/A | N/A | N/A | 0% |
Total | 89.0 | 1,781 | N/A | 891 | 115.5% |
Top Export Markets for Lubricating Oil Additives; Containing Petroleum Oils or Oils Obtained from Bituminous Minerals from Angola in 2022:
- France (174.0 kg)
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