South Africa: Lubricant Additives Market 2024

Lubricant Additives Market Size in South Africa

The South African lubricant additives market skyrocketed to $X in 2022, jumping by X% against the previous year. In general, consumption saw a relatively flat trend pattern. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Lubricant Additives Production in South Africa

In value terms, lubricant additives production surged to $X in 2022 estimated in export price. Overall, production recorded a pronounced increase. The pace of growth was the most pronounced in 2020 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

Lubricant Additives Exports

Exports from South Africa

In 2022, after three years of decline, there was significant growth in shipments abroad of prepared additives for mineral oils, when their volume increased by X% to X tons. In general, exports, however, saw a perceptible curtailment. The most prominent rate of growth was recorded in 2018 with an increase of X%. As a result, the exports reached the peak of X tons. From 2019 to 2022, the growth of the exports remained at a lower figure.

In value terms, lubricant additives exports soared to $X in 2022. The total export value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The growth pace was the most rapid in 2014 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X. From 2015 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Kenya (X tons), Tanzania (X tons) and Zambia (X tons) were the main destinations of lubricant additives exports from South Africa, with a combined X% share of total exports. Nigeria, Mali, Botswana, the UK, Mozambique, Togo, Angola, Zimbabwe and Namibia lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Mali (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for lubricant additives exported from South Africa were Kenya ($X), Tanzania ($X) and Zambia ($X), with a combined X% share of total exports. The UK, Botswana, Mozambique, Nigeria, Mali, Angola, Togo, Namibia and Zimbabwe lagged somewhat behind, together comprising a further X%.

Mali, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average lubricant additives export price stood at $X per ton in 2022, declining by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The growth pace was the most rapid in 2013 an increase of X% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Namibia ($X per ton), while the average price for exports to Mali ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Namibia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Lubricant Additives Imports

Imports into South Africa

In 2022, supplies from abroad of prepared additives for mineral oils increased by X% to X tons, rising for the second consecutive year after three years of decline. 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 somewhat noticeable fluctuations being observed in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, lubricant additives imports soared to $X in 2022. Overall, imports continue to indicate a relatively flat trend pattern. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

France (X tons), the United States (X tons) and Belgium (X tons) were the main suppliers of lubricant additives imports to South Africa, with a combined X% share of total imports. Singapore, Germany, Italy and Saudi Arabia lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for Saudi Arabia (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, France ($X), the United States ($X) and Belgium ($X) constituted the largest lubricant additives suppliers to South Africa, with a combined X% share of total imports. Singapore, Italy, Germany and Saudi Arabia lagged somewhat behind, together comprising a further X%.

In terms of the main suppliers, Saudi Arabia, 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

The average lubricant additives import price stood at $X per ton in 2022, rising by X% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. Over the period under review, average import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($X per ton), while the price for Saudi Arabia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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