Austria: Lubricant Additives Market 2024

Lubricant Additives Market Size in Austria

The Austrian lubricant additives market was finally on the rise to reach $X in 2021, after two years of decline. Over the period under review, consumption, however, saw a relatively flat trend pattern. Lubricant additives consumption peaked at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Lubricant Additives Production in Austria

In value terms, lubricant additives production skyrocketed to $X in 2021 estimated in export price. Overall, production recorded significant growth. The most prominent rate of growth was recorded in 2016 with an increase of 240%. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2021, production stood at a somewhat lower figure.

Lubricant Additives Exports

Exports from Austria

In 2021, overseas shipments of prepared additives for mineral oils decreased by -9.5% to X tons, falling for the second consecutive year after three years of growth. Over the period under review, exports recorded a perceptible downturn. The pace of growth was the most pronounced in 2019 when exports increased by 14%. As a result, the exports reached the peak of X tons. From 2020 to 2021, the growth of the exports remained at a lower figure.

In value terms, lubricant additives exports fell to $X in 2021. Overall, exports continue to indicate a noticeable setback. The growth pace was the most rapid in 2018 with an increase of 13% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Germany (X tons), the Czech Republic (X tons) and Romania (X tons) were the main destinations of lubricant additives exports from Austria, with a combined 74% share of total exports. These countries were followed by Hungary, Slovenia, Iran, Bulgaria, Slovakia and Croatia, which together accounted for a further 21%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Iran (with a CAGR of +47.9%), while the other leaders experienced mixed trend patterns.

In value terms, the largest markets for lubricant additives exported from Austria were the Czech Republic ($X), Germany ($X) and Hungary ($X), together comprising 68% of total exports. These countries were followed by Romania, Iran, Slovenia, Bulgaria, Slovakia and Croatia, which together accounted for a further 24%.

In terms of the main countries of destination, Iran, with a CAGR of +54.1%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average lubricant additives export price amounted to $X per ton, flattening at the previous year. In general, the export price showed a slight shrinkage. The most prominent rate of growth was recorded in 2020 an increase of 12% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

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 Croatia ($X per ton), while the average price for exports to Germany ($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 Croatia (+19.1%), while the prices for the other major destinations experienced more modest paces of growth.

Lubricant Additives Imports

Imports into Austria

In 2021, approx. X tons of prepared additives for mineral oils were imported into Austria; increasing by 9.3% on 2020. Overall, imports, however, saw a slight downturn. The most prominent rate of growth was recorded in 2019 when imports increased by 32% against the previous year. Over the period under review, imports reached the maximum at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, lubricant additives imports expanded significantly to $X in 2021. In general, imports, however, showed a perceptible reduction. Imports peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Germany (X tons) constituted the largest supplier of lubricant additives to Austria, accounting for a 63% share of total imports. Moreover, lubricant additives imports from Germany exceeded the figures recorded by the second-largest supplier, Italy (X tons), threefold. The third position in this ranking was held by France (X tons), with a 5.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Germany amounted to +12.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+0.6% per year) and France (-19.2% per year).

In value terms, Germany ($X) constituted the largest supplier of prepared additives for mineral oils to Austria, comprising 56% of total imports. The second position in the ranking was taken by Italy ($X), with a 23% share of total imports. It was followed by France, with a 10% share.

From 2012 to 2021, the average annual growth rate of value from Germany stood at +11.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-3.4% per year) and France (-17.2% per year).

Import Prices by Country

In 2021, the average lubricant additives import price amounted to $X per ton, which is down by -3.1% against the previous year. Over the period under review, the import price saw a pronounced setback. The growth pace was the most rapid in 2018 an increase of 8.4%. The import price peaked at $X per ton in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was France ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+2.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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