South Africa - Petroleum Lubricating Oil And Grease - Market Analysis, Forecast, Size, Trends and Insights
Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.
View PricingPrice for Petroleum Lubricating Oil and Grease in South Africa - 2023
Contents:
- Price for Petroleum Lubricating Oil and Grease in South Africa (CIF) - 2022
- Price for Petroleum Lubricating Oil and Grease in South Africa (FOB) - 2023
- Imports of Petroleum Lubricating Oil and Grease in South Africa
- Exports of Petroleum Lubricating Oil and Grease in South Africa
Price for Petroleum Lubricating Oil and Grease in South Africa (CIF) - 2022
The average import price for petroleum lubricating oil and grease stood at $4,945 per ton in 2022, increasing by 7.8% against the previous year. Over the last decade, it increased at an average annual rate of +1.0%. The growth pace was the most rapid in 2018 an increase of 15% against the previous year. Over the period under review, average import prices attained the maximum in 2022 and is likely to continue growth in years to come.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($7,548 per ton), while the price for Italy ($2,614 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 (+3.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Petroleum Lubricating Oil and Grease in South Africa (FOB) - 2023
The average export price for petroleum lubricating oil and grease stood at $5,928 per ton in July 2023, rising by 45% against the previous month. Over the period under review, export price indicated pronounced growth from July 2022 to July 2023: its price increased at an average monthly rate of +2.9% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on July 2023 figures, petroleum lubricating oil and grease export price increased by +44.9% against June 2023 indices. The growth pace was the most rapid in April 2023 an increase of 52% against the previous month. The export price peaked in July 2023.
There were significant differences in the average prices for the major foreign markets. In July 2023, the country with the highest price was Mozambique ($14,596 per ton), while the average price for exports to Kenya ($1,819 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Lesotho (+20.5%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Petroleum Lubricating Oil and Grease in South Africa
In 2022, the amount of petroleum lubricating oil and grease imported into South Africa soared to 7.7K tons, growing by 18% on the previous year's figure. In general, total imports indicated a resilient increase from 2019 to 2022: its volume increased at an average annual rate of +12.4% 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 +43.3% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 21%. Imports peaked in 2022 and are likely to see gradual growth in the near future.
In value terms, petroleum lubricating oil and grease imports soared to $38M in 2022. Overall, total imports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +16.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +71.3% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 35%. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the near future.
Import of Petroleum Lubricating Oil and Grease in South Africa (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Germany | 8.8 | 8.0 | 11.0 | 15.0 | 19.5% |
United States | 2.7 | 1.9 | 3.8 | 6.4 | 33.3% |
France | 3.6 | 3.4 | 4.1 | 4.2 | 5.3% |
Sweden | 0.5 | 1.0 | 0.9 | 2.4 | 68.7% |
Italy | 1.0 | 1.9 | 2.1 | 2.3 | 32.0% |
Netherlands | 0.9 | 0.6 | 2.0 | 1.8 | 26.0% |
Belgium | 2.0 | 2.5 | 1.7 | 1.7 | -5.3% |
United Kingdom | 1.5 | 0.8 | 1.1 | 1.3 | -4.7% |
Others | 2.8 | 2.2 | 3.1 | 2.8 | 0.0% |
Total | 23.8 | 22.2 | 29.8 | 38.0 | 16.9% |
Top Suppliers of Petroleum Lubricating Oil and Grease to South Africa in 2022:
- Germany (2750.2 tons)
- Italy (876.5 tons)
- France (855.8 tons)
- United States (851.5 tons)
- Sweden (613.6 tons)
- Netherlands (493.2 tons)
- Belgium (443.1 tons)
- United Kingdom (238.7 tons)
Exports of Petroleum Lubricating Oil and Grease in South Africa
In 2022, the amount of petroleum lubricating oil and grease exported from South Africa skyrocketed to 2.3K tons, with an increase of 16% on the previous year. Overall, exports, however, continue to indicate a abrupt descent.
In value terms, petroleum lubricating oil and grease exports surged to $11M in 2022. Over the period under review, total exports indicated measured growth from 2019 to 2022: its value increased at an average annual rate of +3.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +65.3% against 2020 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
Export of Petroleum Lubricating Oil and Grease in South Africa (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Zambia | 2,523 | 2,696 | 3,228 | 2,888 | 4.6% |
Mozambique | 869 | 598 | 555 | 1,862 | 28.9% |
Democratic Republic of the Congo | 302 | 225 | 127 | 1,101 | 53.9% |
Botswana | 824 | 573 | 787 | 884 | 2.4% |
Namibia | 870 | 741 | 534 | 527 | -15.4% |
Saudi Arabia | 105 | 15.0 | 263 | 492 | 67.3% |
Ghana | 179 | 62.7 | 276 | 351 | 25.2% |
Angola | 1,110 | 150 | 379 | 324 | -33.7% |
Tanzania | 19.3 | 59.8 | 88.9 | 207 | 120.5% |
Lesotho | 292 | 105 | 92.2 | 157 | -18.7% |
Zimbabwe | 585 | 275 | 157 | 150 | -36.5% |
Swaziland | 300 | 168 | 237 | 119 | -26.5% |
Others | 1,841 | 908 | 1,521 | 1,812 | -0.5% |
Total | 9,819 | 6,577 | 8,244 | 10,873 | 3.5% |
Top Export Markets for Petroleum Lubricating Oil and Grease from South Africa in 2022:
- Zambia (625.3 tons)
- Mozambique (420.6 tons)
- Botswana (172.9 tons)
- Saudi Arabia (123.2 tons)
- Democratic Republic of the Congo (116.8 tons)
- Namibia (105.4 tons)
- Ghana (85.7 tons)
- Angola (59.6 tons)
- Tanzania (59.4 tons)
- Zimbabwe (50.6 tons)
- Lesotho (41.3 tons)
- Swaziland (30.4 tons)
This report provides an in-depth analysis of the market for petroleum lubricating oil and grease in South Africa. 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 20594155 - Lubricating preparations containing as basic constituents < .70% by weight of petroleum oils or of oils obtained from bituminous minerals for textiles, leather, hides, furskins and other materials
- Prodcom 20594157 - Lubricating preparations obtained from petroleum or bituminous minerals, excluding the ones used for the treatment of textiles, leather, hides, furskins and other materials
Country coverage:
- South Africa
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in South Africa
- 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.
-
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
-
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
-
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
-
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
-
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
-
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
-
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
This report provides an in-depth analysis of the market for petroleum lubricating oil and grease in South Africa.
This report provides an in-depth analysis of the global market for petroleum lubricating oil and grease.
This report provides an in-depth analysis of the market for petroleum lubricating oil and grease in South Africa.
This report provides an in-depth analysis of the global market for petroleum lubricating oil and grease.
Nothing found. Please try again.