Sudan: Market for Petroleum Lubricating Oil And Grease 2024

Market Size for Petroleum Lubricating Oil And Grease in Sudan

The Sudanese market for petroleum lubricating oil and grease declined modestly to $X in 2022, leveling off at the previous year. Overall, the total consumption indicated a moderate 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, consumption decreased by X% against 2018 indices. As a result, consumption attained the peak level of $X. From 2016 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Petroleum Lubricating Oil And Grease in Sudan

In value terms, petroleum lubricating oil and grease production amounted to $X in 2022 estimated in export price. Over the period under review, the total production indicated a temperate increase 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 most prominent rate of growth was recorded in 2015 with an increase of X%. As a result, production reached the peak level of $X. From 2016 to 2022, production growth remained at a lower figure.

Exports of Petroleum Lubricating Oil And Grease

Exports from Sudan

In 2022, petroleum lubricating oil and grease exports from Sudan contracted modestly to X tons, approximately equating the year before. Over the period under review, exports, however, saw a significant expansion. The pace of growth appeared the most rapid in 2021 when exports increased by X%. As a result, the exports reached the peak of X tons, leveling off in the following year.

In value terms, petroleum lubricating oil and grease exports amounted to $X in 2022. In general, exports, however, recorded significant growth. The pace of growth was the most pronounced in 2021 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in years to come.

Exports by Country

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

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

In value terms, Egypt ($X) emerged as the key foreign market for petroleum lubricating oil and grease exports from Sudan.

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

Export Prices by Country

The average export price for petroleum lubricating oil and grease stood at $X per ton in 2022, therefore, remained relatively stable against the previous year. Overall, the export price, however, continues to indicate a mild decline. The pace of growth appeared the most rapid in 2014 when the average export price increased by X% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.

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

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

Imports of Petroleum Lubricating Oil And Grease

Imports into Sudan

In 2022, overseas purchases of petroleum lubricating oil and grease decreased by X% to X tons, falling for the second year in a row after three years of growth. Overall, imports saw a abrupt curtailment. The most prominent rate of growth was recorded in 2018 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, petroleum lubricating oil and grease imports contracted rapidly to $X in 2022. In general, imports, however, enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2018 with an increase of X%. Over the period under review, imports reached the peak figure at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Turkey (X tons) constituted the largest petroleum lubricating oil and grease supplier to Sudan, with a X% share of total imports. Moreover, petroleum lubricating oil and grease imports from Turkey exceeded the figures recorded by the second-largest supplier, Saudi Arabia (X tons), threefold. The third position in this ranking was taken by the UK (X tons), with an X% share.

From 2012 to 2022, the average annual growth rate of volume from Turkey amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Saudi Arabia (X% per year) and the UK (X% per year).

In value terms, Morocco ($X), Turkey ($X) and Saudi Arabia ($X) constituted the largest petroleum lubricating oil and grease suppliers to Sudan, together comprising X% of total imports.

Morocco, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

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. In general, the import price continues to indicate a remarkable increase. The most prominent rate of growth was recorded in 2021 when the average import price increased by X% against the previous year. The import price peaked in 2022 and is likely to see gradual 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 Morocco ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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