Report Update Nov 1, 2024

Angola - Prepared Additives for Mineral Oils - Market Analysis, Forecast, Size, Trends and Insights

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Angola: Lubricant Additives Market 2024

Lubricant Additives Market Size in Angola

In 2021, the Angolan lubricant additives market increased by 103% to $X, rising for the second consecutive year after seven years of decline. Overall, consumption, however, showed a noticeable slump. Lubricant additives consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Lubricant Additives Exports

Exports from Angola

In 2021, shipments abroad of prepared additives for mineral oils decreased by -68% to X tons, falling for the third year in a row after two years of growth. Overall, exports faced a sharp setback. The most prominent rate of growth was recorded in 2017 with an increase of 507%. The exports peaked at X tons in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

In value terms, lubricant additives exports contracted markedly to $X in 2021. In general, exports saw a sharp slump. The pace of growth was the most pronounced in 2017 when exports increased by 851% against the previous year. The exports peaked at $X in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

Exports by Country

Nigeria (X tons) was the main destination for lubricant additives exports from Angola, accounting for a 99% share of total exports. It was followed by Congo (X kg), with a 0.3% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Nigeria stood at -18.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Congo (-56.0% per year) and the United States (-57.7% per year).

In value terms, Nigeria ($X) remains the key foreign market for prepared additives for mineral oils exports from Angola, comprising 100% of total exports. The second position in the ranking was taken by Congo ($X), with a 0.1% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Nigeria stood at -26.4%.

Export Prices by Country

The average lubricant additives export price stood at $X per ton in 2021, shrinking by -48.8% against the previous year. In general, the export price recorded a noticeable decrease. The pace of growth was the most pronounced in 2017 an increase of 57%. The export price peaked at $X per ton in 2019; however, from 2020 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Nigeria ($X per ton), while the average price for exports to Congo ($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 United States (+1.4%), while the prices for the other major destinations experienced a decline.

Lubricant Additives Imports

Imports into Angola

In 2021, supplies from abroad of prepared additives for mineral oils increased by 115% to X tons, rising for the second consecutive year after two years of decline. Overall, imports, however, continue to indicate a noticeable setback. The pace of growth appeared the most rapid in 2020 when imports increased by 497%. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, lubricant additives imports skyrocketed to $X in 2021. In general, imports, however, recorded a pronounced shrinkage. The pace of growth appeared the most rapid in 2020 with an increase of 349%. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

France (X tons), the United States (X tons) and Belgium (X tons) were the main suppliers of lubricant additives imports to Angola, together comprising 87% of total imports. South Africa, Portugal, the Netherlands and the UK lagged somewhat behind, together accounting for a further 9.2%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by South Africa (with a CAGR of +22.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, France ($X), the United States ($X) and Belgium ($X) appeared to be the largest lubricant additives suppliers to Angola, with a combined 82% share of total imports. Portugal, South Africa, the UK and the Netherlands lagged somewhat behind, together accounting for a further 12%.

Among the main suppliers, South Africa, with a CAGR of +18.3%, saw 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, declining by -8.5% against the previous year. Over the period under review, the import price recorded a perceptible downturn. The growth pace was the most rapid in 2013 an increase of 22% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2016; however, from 2017 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+7.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for prepared additives for mineral oils in the world?

The countries with the highest volumes of lubricant additives consumption in 2021 were China, India and France, together comprising 42% of global consumption. These countries were followed by the United States, Italy, Germany, Brazil, Belgium, Russia, Japan, Mexico and South Korea, which together accounted for a further 34%.

What are the largest producers of prepared additives for mineral oils in the world?

The countries with the highest volumes of lubricant additives production in 2021 were China, the United States and France, with a combined 50% share of global production. These countries were followed by India, Italy, Germany, Singapore, Brazil, Belgium, Russia and Japan, which together accounted for a further 40%.

What are the leading suppliers of prepared additives for mineral oils to Angola?

In value terms, the United States constituted the largest supplier of lubricant additives to Angola, comprising 50% of total imports. The second position in the ranking was occupied by South Africa, with a 13% share of total imports. It was followed by France, with a 12% share.

What are the leading importers of prepared additives for mineral oils from Angola?

In value terms, Nigeria remains the key foreign market for lubricant additives exports from Angola, comprising 95% of total exports. The second position in the ranking was occupied by Congo, with a 4.7% share of total exports.

What is the average export price for prepared additives for mineral oils in Angola?

The average lubricant additives export price stood at $14,631 per ton in 2021, dropping by -8.4% against the previous year.

What is the average import price for prepared additives for mineral oils in Angola?

The average lubricant additives import price stood at $3,806 per ton in 2021, rising by 11% against the previous year.

This report provides an in-depth analysis of the lubricant additives market in Angola. 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 20594250 - Anti-knock preparations
Prodcom 20594270 - Additives for lubricating oils
Prodcom 20594290 - Additives for mineral oils or for other liquids used for the same purpose as mineral oils (including gasoline) (excluding anti-knock preparations, additives for lubricating oils)

Country coverage:

Angola

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Angola
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
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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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023