Europe: Lubricant Additives Market 2024

Lubricant Additives Market Size in Europe

In 2022, the Europe lubricant additives market increased by X% to $X, rising for the second consecutive year after two years of decline. The market value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The level of consumption peaked in 2022 and is expected to retain growth in years to come.

Lubricant Additives Production in Europe

In value terms, lubricant additives production soared to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. As a result, production reached the peak level and is likely to continue growth in the immediate term.

Lubricant Additives Exports

Exports in Europe

For the fourth year in a row, Europe recorded growth in shipments abroad of prepared additives for mineral oils, which increased by X% to X tons in 2022. The total export volume increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations in certain years. The pace of growth was the most pronounced in 2021 when exports increased by X%. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in the near future.

In value terms, lubricant additives exports expanded rapidly to $X in 2022. The total export value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 when exports increased by X%. The level of export peaked in 2022 and is expected to retain growth in the immediate term.

Exports by Country

France represented the main exporting country with an export of about X tons, which finished at X% of total exports. It was distantly followed by Italy (X tons), Belgium (X tons) and Germany (X tons), together making up a X% share of total exports. The following exporters - the Netherlands (X tons), Russia (X tons) and the UK (X tons) - together made up X% of total exports.

France experienced a relatively flat trend pattern with regard to volume of exports of prepared additives for mineral oils. At the same time, Russia (X%), Belgium (X%), Italy (X%) and Germany (X%) displayed positive paces of growth. Moreover, Russia emerged as the fastest-growing exporter exported in Europe, with a CAGR of X% from 2012-2022. By contrast, the Netherlands (X%) and the UK (X%) illustrated a downward trend over the same period. Belgium (X p.p.) and Russia (X p.p.) significantly strengthened its position in terms of the total exports, while the Netherlands, the UK and France saw its share reduced by X%, X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest lubricant additives supplying countries in Europe were France ($X), Italy ($X) and Belgium ($X), together accounting for X% of total exports. Germany, the Netherlands, the UK and Russia lagged somewhat behind, together comprising a further X%.

Russia, with a CAGR of X%, recorded the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in Europe amounted to $X per ton, with an increase of X% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. As a result, the export 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 exporting countries. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while Russia ($X per ton) was amongst the lowest.

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

Lubricant Additives Imports

Imports in Europe

In 2022, after three years of growth, there was decline in supplies from abroad of prepared additives for mineral oils, when their volume decreased by X% to X tons. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations in certain years. The growth pace was the most rapid in 2019 when imports increased by X%. The volume of import peaked at X tons in 2021, and then fell modestly in the following year.

In value terms, lubricant additives imports rose markedly to $X in 2022. The total import 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, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Belgium (X tons), distantly followed by France (X tons), Germany (X tons), Italy (X tons), the Netherlands (X tons), Russia (X tons) and Spain (X tons) represented the key importers of prepared additives for mineral oils, together making up X% of total imports. The UK (X tons) held a relatively small share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Russia (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest lubricant additives importing markets in Europe were Belgium ($X), Germany ($X) and France ($X), with a combined X% share of total imports. Italy, the Netherlands, Russia, Spain and the UK lagged somewhat behind, together comprising a further X%.

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

Import Prices by Country

In 2022, the import price in Europe amounted to $X per ton, growing by X% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Germany ($X per ton) and France ($X per ton), while Belgium ($X per ton) and Italy ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :