Netherlands: Lubricant Additives Market 2024

Lubricant Additives Market Size in the Netherlands

After three years of decline, the Dutch lubricant additives market increased by 13% to $X in 2021. Over the period under review, the total consumption indicated a tangible expansion from 2012 to 2021: its value increased at an average annual rate of +3.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -25.6% against 2015 indices. Lubricant additives consumption peaked at $X in 2015; however, from 2016 to 2021, consumption failed to regain momentum.

Lubricant Additives Exports

Exports from the Netherlands

In 2021, lubricant additives exports from the Netherlands expanded sharply to X tons, surging by 9.1% against the previous year. Over the period under review, exports, however, recorded a perceptible slump. The most prominent rate of growth was recorded in 2014 with an increase of 20%. Over the period under review, the exports reached the peak figure at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, lubricant additives exports soared to $X in 2021. In general, exports continue to indicate a relatively flat trend pattern. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Germany (X tons), Belgium (X tons) and France (X tons) were the main destinations of lubricant additives exports from the Netherlands, together accounting for 43% of total exports. Italy, Spain, Russia, the United Arab Emirates, Singapore, the UK, China, Turkey, Egypt and Serbia lagged somewhat behind, together accounting for a further 32%.

From 2012 to 2021, the biggest increases were recorded for Serbia (with a CAGR of +20.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Belgium ($X) and France ($X) appeared to be the largest markets for lubricant additives exported from the Netherlands worldwide, with a combined 46% share of total exports. Spain, Italy, Russia, Singapore, the UK, the United Arab Emirates, China, Turkey, Egypt and Serbia lagged somewhat behind, together accounting for a further 28%.

Serbia, with a CAGR of +20.0%, recorded the highest growth rate of the value of exports, in terms of 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 2021, picking up by 17% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +3.6%. The pace of growth appeared the most rapid in 2013 an increase of 35%. Over the period under review, the average export prices reached the peak figure in 2021 and is expected to retain growth in years to come.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+6.5%), while the prices for the other major destinations experienced more modest paces of growth.

Lubricant Additives Imports

Imports into the Netherlands

In 2021, approx. X tons of prepared additives for mineral oils were imported into the Netherlands; with an increase of 6.5% against the previous year. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when imports increased by 17%. Imports peaked at X tons in 2015; however, from 2016 to 2021, imports failed to regain momentum.

In value terms, lubricant additives imports skyrocketed to $X in 2021. Overall, imports continue to indicate a relatively flat trend pattern. Over the period under review, imports attained the maximum at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

France (X tons), Belgium (X tons) and Germany (X tons) were the main suppliers of lubricant additives imports to the Netherlands, together comprising 71% of total imports. Italy, Belarus, the United States, the UK, China, Spain, Sweden and Finland lagged somewhat behind, together accounting for a further 25%.

From 2012 to 2021, the biggest increases were recorded for Belarus (with a CAGR of +31.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, France ($X), Belgium ($X) and Germany ($X) appeared to be the largest lubricant additives suppliers to the Netherlands, together accounting for 65% of total imports. Italy, the United States, the UK, Belarus, China, Spain, Sweden and Finland lagged somewhat behind, together accounting for a further 30%.

Among the main suppliers, Belarus, with a CAGR of +30.1%, 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 2021, the average lubricant additives import price amounted to $X per ton, rising by 12% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.3%. The most prominent rate of growth was recorded in 2018 when the average import price increased by 13%. The import price peaked in 2021 and is expected to retain growth in years to come.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sweden (+12.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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