Uzbekistan: Market for Petroleum Lubricating Oil And Grease 2024

Market Size for Petroleum Lubricating Oil And Grease in Uzbekistan

The Uzbek market for petroleum lubricating oil and grease skyrocketed to $X in 2022, increasing by X% against the previous year. In general, consumption recorded a strong increase. Petroleum lubricating oil and grease consumption peaked at $X in 2017; however, from 2018 to 2022, consumption remained at a lower figure.

Production of Petroleum Lubricating Oil And Grease in Uzbekistan

In value terms, petroleum lubricating oil and grease production reached $X in 2022 estimated in export price. Over the period under review, production saw a relatively flat trend pattern. The growth pace was the most rapid in 2014 with an increase of X%. Over the period under review, production attained the peak level at $X in 2017; however, from 2018 to 2022, production failed to regain momentum.

Exports of Petroleum Lubricating Oil And Grease

Exports from Uzbekistan

In 2022, shipments abroad of petroleum lubricating oil and grease decreased by X% to X tons for the first time since 2018, thus ending a three-year declining trend. In general, exports, however, continue to indicate significant growth. Over the period under review, the exports reached the maximum at X tons in 2021, and then reduced modestly in the following year.

In value terms, petroleum lubricating oil and grease exports contracted slightly to $X in 2022. Over the period under review, exports, however, enjoyed significant growth. Over the period under review, the exports attained the peak figure at $X in 2021, and then shrank modestly in the following year.

Exports by Country

Russia (X tons), Tajikistan (X tons) and Kyrgyzstan (X tons) were the main destinations of petroleum lubricating oil and grease exports from Uzbekistan, with a combined X% share of total exports. Kazakhstan lagged somewhat behind, comprising a further X%.

From 2018 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Kazakhstan (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Russia ($X) emerged as the key foreign market for petroleum lubricating oil and grease exports from Uzbekistan, comprising X% of total exports. The second position in the ranking was taken by Tajikistan ($X), with a X% share of total exports. It was followed by Kyrgyzstan, with a X% share.

From 2018 to 2022, the average annual growth rate of value to Russia was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Tajikistan (X% per year) and Kyrgyzstan (X% per year).

Export Prices by Country

The average export price for petroleum lubricating oil and grease stood at $X per ton in 2022, picking up by X% against the previous year. In general, the export price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 when the average export price increased by X%. As a result, the export price attained the peak level of $X per ton. From 2020 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Kazakhstan ($X per ton), while the average price for exports to Tajikistan ($X per ton) was amongst the lowest.

From 2018 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Kazakhstan (X%).

Imports of Petroleum Lubricating Oil And Grease

Imports into Uzbekistan

In 2022, supplies from abroad of petroleum lubricating oil and grease was finally on the rise to reach X tons after two years of decline. Over the period under review, imports showed a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, petroleum lubricating oil and grease imports soared to $X in 2022. Overall, imports saw significant growth. The pace of growth appeared the most rapid in 2021 when imports increased by X% against the previous year. Imports peaked in 2022 and are likely to continue growth in years to come.

Imports by Country

Germany (X tons), South Korea (X tons) and the United Arab Emirates (X tons) were the main suppliers of petroleum lubricating oil and grease imports to Uzbekistan, with a combined X% share of total imports. Poland, Turkey, Lithuania, China, the Netherlands, Russia, Belgium and Latvia lagged somewhat behind, together accounting for a further X%.

From 2017 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Poland (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest petroleum lubricating oil and grease suppliers to Uzbekistan were Germany ($X), South Korea ($X) and the United Arab Emirates ($X), with a combined X% share of total imports.

The United Arab Emirates, 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, shrinking by X% against the previous year. Overall, the import price showed a slight descent. The most prominent rate of growth was recorded in 2021 when the average import price increased by X%. As a result, import price reached the peak level of $X per ton, and then shrank rapidly in the following year.

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

From 2017 to 2022, the most notable rate of growth in terms of prices was attained by Russia (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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