Jordan: Market for Petroleum Lubricating Oil And Grease 2025

Market Size for Petroleum Lubricating Oil And Grease in Jordan

The Jordanian market for petroleum lubricating oil and grease surged to $X in 2022, growing by X% against the previous year. In general, consumption saw a strong increase. Over the period under review, the market attained the peak level in 2022 and is expected to retain growth in years to come.

Production of Petroleum Lubricating Oil And Grease in Jordan

In value terms, petroleum lubricating oil and grease production surged to $X in 2022 estimated in export price. Over the period under review, production recorded resilient growth. The most prominent rate of growth was recorded in 2018 when the production volume increased by X% against the previous year. Over the period under review, production attained the maximum level at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Exports of Petroleum Lubricating Oil And Grease

Exports from Jordan

In 2022, shipments abroad of petroleum lubricating oil and grease increased by X% to X tons for the first time since 2016, thus ending a five-year declining trend. Overall, exports, however, faced a sharp shrinkage. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, petroleum lubricating oil and grease exports soared to $X in 2022. In general, exports, however, showed a deep downturn. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Palestine (X tons) was the main destination for petroleum lubricating oil and grease exports from Jordan, with a X% share of total exports. Moreover, petroleum lubricating oil and grease exports to Palestine exceeded the volume sent to the second major destination, Syrian Arab Republic (X tons), more than tenfold. The third position in this ranking was held by Free Zones (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Palestine totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Syrian Arab Republic (X% per year) and Free Zones (X% per year).

In value terms, Palestine ($X) emerged as the key foreign market for petroleum lubricating oil and grease exports from Jordan, comprising X% of total exports. The second position in the ranking was held by Syrian Arab Republic ($X), with a X% share of total exports. It was followed by Free Zones, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Palestine amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Syrian Arab Republic (X% per year) and Free Zones (X% per year).

Export Prices by Country

The average export price for petroleum lubricating oil and grease stood at $X per ton in 2022, with an increase of X% against the previous year. Overall, the export price recorded a remarkable increase. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the countries with the highest prices were Saudi Arabia ($X per ton) and Free Zones ($X per ton), while the average price for exports to Syrian Arab Republic ($X per ton) and Palestine ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Saudi Arabia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Petroleum Lubricating Oil And Grease

Imports into Jordan

In 2022, purchases abroad of petroleum lubricating oil and grease decreased by X% to X tons, falling for the seventh consecutive year after four years of growth. Over the period under review, imports recorded a abrupt decrease. The pace of growth appeared the most rapid in 2013 when imports increased by X% against the previous year. Imports peaked at X tons in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

In value terms, petroleum lubricating oil and grease imports reduced to $X in 2022. In general, imports showed a abrupt downturn. The pace of growth was the most pronounced in 2013 when imports increased by X%. Imports peaked at $X in 2015; however, from 2016 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, the United Arab Emirates (X tons) constituted the largest petroleum lubricating oil and grease supplier to Jordan, with a X% share of total imports. Moreover, petroleum lubricating oil and grease imports from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, Japan (X tons), sixfold. Germany (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United Arab Emirates totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (X% per year) and Germany (X% per year).

In value terms, the United Arab Emirates ($X) constituted the largest supplier of petroleum lubricating oil and grease to Jordan, comprising X% of total imports. The second position in the ranking was taken by Japan ($X), with a X% share of total imports. It was followed by Germany, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the United Arab Emirates totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (X% per year) and Germany (X% per year).

Import Prices by Country

In 2022, the average import price for petroleum lubricating oil and grease amounted to $X per ton, surging by X% against the previous year. Overall, the import price continues to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2019 when the average import price increased by X% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is likely to see steady growth in the immediate term.

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 Russia ($X per ton), while the price for the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform