Price for Lubricating Oil Additives; Containing Petroleum Oils or Oils Obtained from Bituminous Minerals in Myanmar - 2023
Contents:
- Price for Lubricating Oil Additives; Containing Petroleum Oils or Oils Obtained from Bituminous Minerals in Myanmar (CIF) - 2022
- Imports of Lubricating Oil Additives; Containing Petroleum Oils or Oils Obtained from Bituminous Minerals in Myanmar
Price for Lubricating Oil Additives; Containing Petroleum Oils or Oils Obtained from Bituminous Minerals in Myanmar (CIF) - 2022
The average import price for lubricating oil additives; containing petroleum oils or oils obtained from bituminous mineralses stood at $1,003 per ton in 2022, picking up by 13% against the previous year. Over the period under review, the import price, however, faced a abrupt descent. The pace of growth appeared the most rapid in 2016 when the average import price increased by 815%. As a result, import price reached the peak level of $12,000 per ton. From 2017 to 2022, the average 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 Thailand ($1,646 per ton), while the price for Singapore ($850 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 (+26.6%), 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 Myanmar
In 2022, imports of lubricating oil additives; containing petroleum oils or oils obtained from bituminous mineralses into Myanmar surged to 111 tons, jumping by 38% against the year before. Over the period under review, imports recorded significant growth. The growth pace was the most rapid in 2021 when imports increased by 108%. Over the period under review, imports of attained the maximum in 2022 and are expected to retain growth in the immediate term.
In value terms, imports of lubricating oil additives; containing petroleum oils or oils obtained from bituminous mineralses surged to $112K in 2022. In general, imports showed a significant increase. 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 Myanmar (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1.9 | 2.1 | 16.2 | 72.2 | 236.2% |
| Singapore | 19.9 | 12.1 | 25.7 | 34.0 | 19.5% |
| Thailand | 5.9 | 0.4 | 2.0 | 3.1 | -19.3% |
| Japan | 2.6 | N/A | 5.9 | 2.2 | -5.4% |
| Germany | 9.5 | 2.5 | 4.0 | 0.2 | -72.4% |
| United Arab Emirates | N/A | 37.3 | 2.0 | N/A | -94.6% |
| Australia | N/A | N/A | 15.8 | N/A | 0% |
| Others | 3.1 | 0.3 | N/A | N/A | -90.3% |
| Total | 42.9 | 54.7 | 71.5 | 112 | 37.7% |
Top Suppliers of Lubricating Oil Additives; Containing Petroleum Oils or Oils Obtained from Bituminous Minerals to Myanmar in 2022:
- China (67.3 tons)
- Singapore (40.0 tons)
- Japan (2.0 tons)
- Thailand (1.9 tons)
- Germany (0.2 tons)
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