Price for Lubricating Oil Additives; Containing Petroleum Oils or Oils Obtained from Bituminous Minerals in Nepal - 2022
Contents:
- Price for Lubricating Oil Additives; Containing Petroleum Oils or Oils Obtained from Bituminous Minerals in Nepal (CIF) - 2022
- Imports of Lubricating Oil Additives; Containing Petroleum Oils or Oils Obtained from Bituminous Minerals in Nepal
Price for Lubricating Oil Additives; Containing Petroleum Oils or Oils Obtained from Bituminous Minerals in Nepal (CIF) - 2022
The average import price for lubricating oil additives; containing petroleum oils or oils obtained from bituminous mineralses stood at $3,701 per ton in 2022, reducing by -10.5% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2014 when the average import price increased by 41%. As a result, import price attained the peak level of $5,075 per ton. From 2015 to 2022, the average import prices remained at a somewhat 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 ($13,715 per ton), while the price for India ($3,523 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 (+61.4%), while the prices for the other major suppliers experienced mixed trend patterns.
Imports of Lubricating Oil Additives; Containing Petroleum Oils or Oils Obtained from Bituminous Minerals in Nepal
In 2022, imports of lubricating oil additives; containing petroleum oils or oils obtained from bituminous mineralses into Nepal was estimated at 223 tons, approximately mirroring the previous year. Over the period under review, total imports indicated prominent growth from 2019 to 2022: its volume increased at an average annual rate of +5.0% 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 +60.4% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 58%. Over the period under review, imports of attained the peak figure in 2022 and are expected to retain growth in years to come.
In value terms, imports of lubricating oil additives; containing petroleum oils or oils obtained from bituminous mineralses dropped to $826K in 2022. In general, imports, however, recorded a pronounced decrease. The pace of growth appeared the most rapid in 2021 with an increase of 43% against the previous year. As a result, imports reached the peak of $911K, and then declined in the following year.
| Import of Lubricating Oil Additives; Containing Petroleum Oils or Oils Obtained from Bituminous Minerals in Nepal (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 702 | 637 | 815 | 661 | -2.0% |
| Netherlands | N/A | N/A | N/A | 68.6 | 0% |
| Italy | N/A | N/A | N/A | 47.1 | 0% |
| Malaysia | N/A | N/A | N/A | 21.5 | 0% |
| United States | 88.1 | N/A | N/A | 5.5 | -60.3% |
| United Arab Emirates | N/A | N/A | 81.7 | N/A | 0% |
| Others | 93.4 | N/A | 14.0 | 22.1 | -38.1% |
| Total | 884 | 637 | 911 | 826 | -2.2% |
Top Suppliers of Lubricating Oil Additives; Containing Petroleum Oils or Oils Obtained from Bituminous Minerals to Nepal in 2022:
- India (187.7 tons)
- Netherlands (15.9 tons)
- Italy (12.8 tons)
- Malaysia (4.4 tons)
- United States (0.4 tons)
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