Paraguay: Market for Petroleum Lubricating Oil And Grease 2024

Market Size for Petroleum Lubricating Oil And Grease in Paraguay

In 2022, the Paraguayan market for petroleum lubricating oil and grease increased by X% to $X, rising for the third year in a row after two years of decline. Overall, the total consumption indicated buoyant growth 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, consumption increased by X% against 2019 indices. As a result, consumption attained 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 Paraguay

In value terms, petroleum lubricating oil and grease production rose to $X in 2022 estimated in export price. In general, the total production indicated measured growth 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, production increased by X% against 2019 indices. The growth pace was the most rapid in 2017 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2018 to 2022, production growth remained at a somewhat lower figure.

Exports of Petroleum Lubricating Oil And Grease

Exports from Paraguay

In 2022, the amount of petroleum lubricating oil and grease exported from Paraguay surged to X tons, increasing by X% against the previous year's figure. Overall, exports enjoyed a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, petroleum lubricating oil and grease exports skyrocketed to $X in 2022. Over the period under review, exports showed a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Argentina (X tons) was the main destination for petroleum lubricating oil and grease exports from Paraguay, accounting for a approx. X% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Argentina stood at X%.

In value terms, Argentina ($X) also remains the key foreign market for petroleum lubricating oil and grease exports from Paraguay.

From 2012 to 2022, the average annual rate of growth in terms of value to Argentina amounted to X%.

Export Prices by Country

The average export price for petroleum lubricating oil and grease stood at $X per ton in 2022, shrinking by X% against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when the average export price increased by X% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Argentina.

From 2012 to 2022, the rate of growth in terms of prices for Bolivia amounted to X% per year.

Imports of Petroleum Lubricating Oil And Grease

Imports into Paraguay

In 2022, the amount of petroleum lubricating oil and grease imported into Paraguay dropped slightly to X tons, waning by X% compared with the previous year's figure. Overall, imports, however, continue to indicate a prominent expansion. The pace of growth was the most pronounced in 2021 with an increase of X%. As a result, imports attained the peak of X tons, and then declined in the following year.

In value terms, petroleum lubricating oil and grease imports stood at $X in 2022. In general, imports, however, showed a remarkable increase. The pace of growth appeared the most rapid in 2021 with an increase of X%. Imports peaked in 2022 and are likely to see steady growth in the immediate term.

Imports by Country

In 2022, the United States (X tons) constituted the largest petroleum lubricating oil and grease supplier to Paraguay, accounting for a X% share of total imports. Moreover, petroleum lubricating oil and grease imports from the United States exceeded the figures recorded by the second-largest supplier, Lithuania (X tons), fivefold. The third position in this ranking was held by Germany (X tons), with a X% share.

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

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

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

Import Prices by Country

The average import price for petroleum lubricating oil and grease stood at $X per ton in 2022, with an increase of X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2019 when the average import price increased by X%. The import price peaked in 2022 and is expected to retain growth in the near future.

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 Brazil ($X per ton), while the price for Uruguay ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform