Price for Lubricating Oil Additives; Containing Petroleum Oils or Oils Obtained from Bituminous Minerals in Bangladesh - 2022
Contents:
- Price for Lubricating Oil Additives; Containing Petroleum Oils or Oils Obtained from Bituminous Minerals in Bangladesh (CIF) - 2022
- Imports of Lubricating Oil Additives; Containing Petroleum Oils or Oils Obtained from Bituminous Minerals in Bangladesh
Price for Lubricating Oil Additives; Containing Petroleum Oils or Oils Obtained from Bituminous Minerals in Bangladesh (CIF) - 2022
In 2022, the average import price for lubricating oil additives; containing petroleum oils or oils obtained from bituminous mineralses amounted to $4,139 per ton, remaining relatively unchanged against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.4%. The pace of growth appeared the most rapid in 2013 an increase of 8.9% against the previous year. Over the period under review, average import prices reached the maximum at $4,285 per ton in 2020; however, from 2021 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 India ($5,323 per ton), while the price for China ($2,175 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 Arab Emirates (+7.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Lubricating Oil Additives; Containing Petroleum Oils or Oils Obtained from Bituminous Minerals in Bangladesh
In 2022, imports of lubricating oil additives; containing petroleum oils or oils obtained from bituminous mineralses into Bangladesh declined notably to 2.3K tons, waning by -29.2% on 2021. Overall, imports, however, enjoyed a remarkable increase. The pace of growth was the most pronounced in 2021 when imports increased by 140%. As a result, imports attained the peak of 3.3K tons, and then reduced notably in the following year.
In value terms, imports of lubricating oil additives; containing petroleum oils or oils obtained from bituminous mineralses dropped remarkably to $9.7M in 2022. In general, imports, however, posted a resilient increase. The pace of growth appeared the most rapid in 2021 when imports increased by 129% against the previous year. As a result, imports attained the peak of $14M, and then contracted significantly in the following year.
| Import of Lubricating Oil Additives; Containing Petroleum Oils or Oils Obtained from Bituminous Minerals in Bangladesh (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Singapore | 5.2 | 4.2 | 5.1 | 4.2 | -6.9% |
| India | 0.7 | 0.9 | 1.4 | 0.6 | -5.0% |
| United Arab Emirates | 0.4 | 0.2 | 0.5 | 0.5 | 7.7% |
| China | N/A | N/A | N/A | 0.1 | 0% |
| Belgium | N/A | N/A | 0.5 | N/A | 0% |
| Others | 0.2 | 0.6 | 6.0 | 4.3 | 178.1% |
| Total | 6.4 | 5.9 | 13.5 | 9.7 | 14.9% |
Top Suppliers of Lubricating Oil Additives; Containing Petroleum Oils or Oils Obtained from Bituminous Minerals to Bangladesh in 2022:
- Singapore (1005.1 tons)
- United Arab Emirates (151.9 tons)
- India (121.2 tons)
- China (34.8 tons)
- Belgium (7.5 tons)
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