Price for Lubricating Oil Additives; Containing Petroleum Oils or Oils Obtained from Bituminous Minerals in Norway - 2024
Contents:
- Price for Lubricating Oil Additives; Containing Petroleum Oils or Oils Obtained from Bituminous Minerals in Norway (CIF) - 2022
- Price for Lubricating Oil Additives; Containing Petroleum Oils or Oils Obtained from Bituminous Minerals in Norway (FOB) - 2022
- Imports of Lubricating Oil Additives; Containing Petroleum Oils or Oils Obtained from Bituminous Minerals in Norway
- Exports of Lubricating Oil Additives; Containing Petroleum Oils or Oils Obtained from Bituminous Minerals in Norway
Price for Lubricating Oil Additives; Containing Petroleum Oils or Oils Obtained from Bituminous Minerals in Norway (CIF) - 2022
In 2022, the average import price for lubricating oil additives; containing petroleum oils or oils obtained from bituminous mineralses amounted to $5,901 per ton, dropping by -9.5% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average import price increased by 39% against the previous year. Over the period under review, average import prices hit record highs at $7,840 per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.
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 the United States ($17,908 per ton), while the price for France ($3,144 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+4.4%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Lubricating Oil Additives; Containing Petroleum Oils or Oils Obtained from Bituminous Minerals in Norway (FOB) - 2022
The average export price for lubricating oil additives; containing petroleum oils or oils obtained from bituminous mineralses stood at $36,346 per ton in 2022, jumping by 35% against the previous year. Over the period under review, the export price recorded a prominent increase. The pace of growth was the most pronounced in 2021 an increase of 61%. The export price peaked in 2022 and is expected to retain growth in years to come.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Italy ($85,889 per ton), while the average price for exports to the UK ($16,416 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 Sweden (+12.9%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Lubricating Oil Additives; Containing Petroleum Oils or Oils Obtained from Bituminous Minerals in Norway
Imports of lubricating oil additives; containing petroleum oils or oils obtained from bituminous mineralses into Norway contracted to 91 tons in 2022, dropping by -7.4% against the year before. In general, imports faced a precipitous slump. The growth pace was the most rapid in 2021 when imports increased by 15%.
In value terms, imports of lubricating oil additives; containing petroleum oils or oils obtained from bituminous mineralses dropped notably to $539K in 2022. Overall, imports showed a sharp decline. The pace of growth was the most pronounced in 2021 when imports increased by 60%.
| Import of Lubricating Oil Additives; Containing Petroleum Oils or Oils Obtained from Bituminous Minerals in Norway (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 159 | 131 | 254 | 233 | 13.6% |
| Sweden | 1,867 | 157 | 169 | 198 | -52.7% |
| United States | 70.5 | 66.8 | 143 | 63.1 | -3.6% |
| Netherlands | 42.6 | 25.7 | 21.6 | 15.1 | -29.2% |
| Denmark | 3.6 | 5.5 | 9.3 | 14.4 | 58.7% |
| Others | 30.2 | 15.7 | 48.0 | 15.7 | -19.6% |
| Total | 2,173 | 401 | 644 | 539 | -37.2% |
Top Suppliers of Lubricating Oil Additives; Containing Petroleum Oils or Oils Obtained from Bituminous Minerals to Norway in 2022:
- Sweden (45.5 tons)
- Germany (37.3 tons)
- United States (3.5 tons)
- Netherlands (1.5 tons)
- Denmark (1.5 tons)
Exports of Lubricating Oil Additives; Containing Petroleum Oils or Oils Obtained from Bituminous Minerals in Norway
In 2022, after three years of growth, there was significant decline in overseas shipments of lubricating oil additives; containing petroleum oils or oils obtained from bituminous mineralses, when their volume decreased by -54.9% to 433 kg. Over the period under review, exports, however, saw a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 508% against the previous year. As a result, the exports attained the peak of 961 kg, and then contracted dramatically in the following year.
In value terms, exports of lubricating oil additives; containing petroleum oils or oils obtained from bituminous mineralses declined rapidly to $16K in 2022. In general, exports, however, enjoyed a significant expansion. The pace of growth was the most pronounced in 2021 with an increase of 880%. As a result, the exports attained the peak of $26K, and then contracted remarkably in the following year.
| Export of Lubricating Oil Additives; Containing Petroleum Oils or Oils Obtained from Bituminous Minerals in Norway (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Australia | N/A | N/A | N/A | 6.1 | 0% |
| United Kingdom | N/A | N/A | 9.3 | 3.7 | -60.2% |
| Denmark | N/A | N/A | N/A | 3.2 | 0% |
| Trinidad and Tobago | N/A | N/A | N/A | 1.7 | 0% |
| Italy | N/A | N/A | N/A | 0.8 | 0% |
| Sweden | 0.3 | 1.9 | 4.4 | 0.3 | 0.0% |
| United Arab Emirates | N/A | N/A | 0.2 | N/A | 0% |
| Brazil | N/A | N/A | 11.3 | N/A | 0% |
| Others | 0.2 | 0.7 | 0.5 | N/A | 58.1% |
| Total | 0.6 | 2.6 | 25.8 | 15.7 | 196.9% |
Top Export Markets for Lubricating Oil Additives; Containing Petroleum Oils or Oils Obtained from Bituminous Minerals from Norway in 2022:
- United Kingdom (226.0 kg)
- Australia (118.0 kg)
- Denmark (49.0 kg)
- Trinidad and Tobago (24.0 kg)
- Italy (9.0 kg)
- Sweden (7.0 kg)
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