MERCOSUR: Market for Petroleum Lubricating Oil And Grease 2025

Market Size for Petroleum Lubricating Oil And Grease in MERCOSUR

The MERCOSUR market for petroleum lubricating oil and grease shrank modestly to $X in 2022, declining by X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level of $X. From 2018 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Petroleum Lubricating Oil And Grease in MERCOSUR

In value terms, petroleum lubricating oil and grease production reduced to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2018 to 2022, production growth remained at a lower figure.

Exports of Petroleum Lubricating Oil And Grease

Exports in MERCOSUR

For the fourth consecutive year, MERCOSUR recorded growth in shipments abroad of petroleum lubricating oil and grease, which increased by X% to X tons in 2022. In general, exports, however, showed a perceptible contraction. The most prominent rate of growth was recorded in 2019 with an increase of X%. Over the period under review, the exports hit record highs at X tons in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, petroleum lubricating oil and grease exports skyrocketed to $X in 2022. Over the period under review, exports enjoyed a pronounced expansion. The most prominent rate of growth was recorded in 2019 with an increase of X%. Over the period under review, the exports attained the maximum at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

Brazil was the key exporter of petroleum lubricating oil and grease in MERCOSUR, with the volume of exports amounting to X tons, which was approx. X% of total exports in 2022. Argentina (X tons) took a X% share (based on physical terms) of total exports, which put it in second place, followed by Suriname (X%) and Colombia (X%). Uruguay (X tons) held a little share of total exports.

Exports from Brazil increased at an average annual rate of X% from 2012 to 2022. At the same time, Suriname (X%) and Colombia (X%) displayed positive paces of growth. Moreover, Suriname emerged as the fastest-growing exporter exported in MERCOSUR, with a CAGR of X% from 2012-2022. By contrast, Uruguay (X%) and Argentina (X%) illustrated a downward trend over the same period. Brazil (X p.p.), Suriname (X p.p.) and Colombia (X p.p.) significantly strengthened its position in terms of the total exports, while Uruguay and Argentina saw its share reduced by X% and X% from 2012 to 2022, respectively.

In value terms, Brazil ($X) remains the largest petroleum lubricating oil and grease supplier in MERCOSUR, comprising X% of total exports. The second position in the ranking was taken by Argentina ($X), with a X% share of total exports. It was followed by Colombia, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Brazil totaled X%. In the other countries, the average annual rates were as follows: Argentina (X% per year) and Colombia (X% per year).

Export Prices by Country

In 2022, the export price in MERCOSUR amounted to $X per ton, reducing by X% against the previous year. Export price indicated a moderate expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, petroleum lubricating oil and grease export price decreased by X% against 2019 indices. The pace of growth appeared the most rapid in 2019 when the export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2020 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Brazil ($X per ton), while Suriname ($X per ton) was amongst the lowest.

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

Imports of Petroleum Lubricating Oil And Grease

Imports in MERCOSUR

Petroleum lubricating oil and grease imports declined to X tons in 2022, waning by X% on the year before. The total import volume increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, imports attained the peak of X tons, and then fell in the following year.

In value terms, petroleum lubricating oil and grease imports expanded significantly to $X in 2022. Total imports indicated a prominent expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of X%. The level of import peaked in 2022 and is likely to continue growth in the immediate term.

Imports by Country

Brazil was the main importer of petroleum lubricating oil and grease in MERCOSUR, with the volume of imports finishing at X tons, which was near X% of total imports in 2022. Colombia (X tons) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Argentina (X%), Chile (X%), Ecuador (X%), Peru (X%) and Paraguay (X%).

Brazil experienced a relatively flat trend pattern with regard to volume of imports of petroleum lubricating oil and grease. At the same time, Ecuador (X%), Paraguay (X%), Colombia (X%), Chile (X%) and Argentina (X%) displayed positive paces of growth. Moreover, Ecuador emerged as the fastest-growing importer imported in MERCOSUR, with a CAGR of X% from 2012-2022. Peru experienced a relatively flat trend pattern. Colombia (X p.p.), Ecuador (X p.p.) and Paraguay (X p.p.) significantly strengthened its position in terms of the total imports, while Peru and Brazil saw its share reduced by X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) constitutes the largest market for imported petroleum lubricating oil and grease in MERCOSUR, comprising X% of total imports. The second position in the ranking was held by Chile ($X), with a X% share of total imports. It was followed by Colombia, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Brazil totaled X%. In the other countries, the average annual rates were as follows: Chile (X% per year) and Colombia (X% per year).

Import Prices by Country

In 2022, the import price in MERCOSUR amounted to $X per ton, picking up by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Chile ($X per ton), while Paraguay ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform