Kuwait - Additives For Lubricating Oils - Market Analysis, Forecast, Size, Trends And Insights
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View PricingLubricating Oil Additive Price in Kuwait - 2021
Contents:
- Lubricating Oil Additive Price in Kuwait (CIF) - 2022
- Lubricating Oil Additive Price in Kuwait (FOB) - 2022
- Lubricating Oil Additive Imports in Kuwait
- Lubricating Oil Additive Exports in Kuwait
Lubricating Oil Additive Price in Kuwait (CIF) - 2022
The average lubricating oil additive import price stood at $4,561 per ton in 2022, increasing by 26% against the previous year. In general, import price indicated a resilient increase from 2012 to 2022: its price increased at an average annual rate of +8.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, lubricating oil additive import price increased by +55.1% against 2018 indices. The pace of growth appeared the most rapid in 2014 an increase of 38% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in the near future.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($6,195 per ton), while the price for India ($2,329 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+13.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Lubricating Oil Additive Price in Kuwait (FOB) - 2022
The average lubricating oil additive export price stood at $2,107 per ton in 2022, standing approx. at the previous year. In general, the export price, however, saw a abrupt setback. The growth pace was the most rapid in 2015 when the average export price increased by 69%. As a result, the export price attained the peak level of $7,014 per ton. From 2016 to 2022, the average export prices remained at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Bahrain ($7,850 per ton), while the average price for exports to the United Arab Emirates amounted to $1,885 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Iraq (+76.4%), while the prices for the other major destinations experienced more modest paces of growth.
Lubricating Oil Additive Imports in Kuwait
In 2022, imports of additives for lubricating oils into Kuwait reduced notably to 342 tons, waning by -40.2% on the year before. Overall, imports showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of 23%.
In value terms, lubricating oil additive imports fell dramatically to $1.6M in 2022. Over the period under review, imports continue to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of 29% against the previous year. As a result, imports reached the peak of $2.1M, and then dropped remarkably in the following year.
| Import of Lubricating Oil Additive in Kuwait (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Oman | 1,298 | 1,153 | 1,193 | 919 | -10.9% |
| United Arab Emirates | 96.4 | 70.7 | 253 | 192 | 25.8% |
| India | 119 | 45.7 | 92.2 | 64.7 | -18.4% |
| Singapore | 19.7 | 24.2 | 50.9 | 35.2 | 21.3% |
| Italy | 19.6 | 17.1 | 19.8 | 32.9 | 18.8% |
| Belgium | 3.0 | 27.0 | 39.9 | 30.9 | 117.6% |
| China | 49.8 | 15.3 | 14.7 | 30.8 | -14.8% |
| United States | 93.3 | 50.1 | 95.4 | 20.2 | -40.0% |
| Others | 219 | 202 | 317 | 232 | 1.9% |
| Total | 1,918 | 1,605 | 2,076 | 1,558 | -6.7% |
Top Suppliers of Lubricating Oil Additive to Kuwait in 2022:
- Oman (176.4 tons)
- United Arab Emirates (56.2 tons)
- India (27.8 tons)
- Singapore (12.0 tons)
- Italy (8.7 tons)
- China (8.6 tons)
- Belgium (8.5 tons)
- United States (4.8 tons)
Lubricating Oil Additive Exports in Kuwait
In 2022, the amount of additives for lubricating oils exported from Kuwait reached 49 tons, approximately mirroring the previous year. Overall, exports showed significant growth. The growth pace was the most rapid in 2020 when exports increased by 241%. Over the period under review, the exports attained the maximum in 2022 and are likely to continue growth in the near future.
In value terms, lubricating oil additive exports reached $104K in 2022. In general, exports continue to indicate significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 61% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the near future.
| Export of Lubricating Oil Additive in Kuwait (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 25.1 | 32.2 | 63.3 | 89.6 | 52.8% |
| Bahrain | 4.0 | 5.2 | 9.6 | 14.4 | 53.3% |
| Jordan | 7.3 | N/A | N/A | N/A | 0% |
| Egypt | N/A | N/A | 30.6 | N/A | 0% |
| Qatar | 0.5 | 20.9 | N/A | N/A | 4080.0% |
| Others | 7.4 | 6.0 | 0.1 | N/A | -88.4% |
| Total | 44.3 | 64.4 | 104 | 104 | 32.9% |
Top Export Markets for Lubricating Oil Additive from Kuwait in 2022:
- United Arab Emirates (47.5 tons)
- Bahrain (1.8 tons)
This report provides an in-depth analysis of the lubricating oil additive market in Kuwait. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 20594270 - Additives for lubricating oils
Country coverage:
- Kuwait
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Kuwait
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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