Brazil: Lubricant Additives Market 2024

Lubricant Additives Market Size in Brazil

For the third consecutive year, the Brazilian lubricant additives market recorded growth in sales value, which increased by 2.5% to $X in 2021. Over the period under review, consumption, however, saw a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2014 to 2021, the growth of the market remained at a somewhat lower figure.

Lubricant Additives Production in Brazil

In value terms, lubricant additives production totaled $X in 2021 estimated in export price. Overall, production showed a pronounced shrinkage. The most prominent rate of growth was recorded in 2015 when the production volume increased by 8.7% against the previous year. Lubricant additives production peaked at $X in 2013; however, from 2014 to 2021, production stood at a somewhat lower figure.

Lubricant Additives Exports

Exports from Brazil

In 2021, shipments abroad of prepared additives for mineral oils was finally on the rise to reach X tons for the first time since 2017, thus ending a three-year declining trend. Overall, total exports indicated a mild increase from 2012 to 2021: its volume increased at an average annual rate of +1.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 when exports increased by 48% against the previous year. As a result, the exports reached the peak of X tons. From 2018 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, lubricant additives exports surged to $X in 2021. In general, exports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2017 when exports increased by 41%. As a result, the exports attained the peak of $X. From 2018 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Argentina (X tons), Japan (X tons) and France (X tons) were the main destinations of lubricant additives exports from Brazil, together comprising 62% of total exports. Singapore, the United States, India and China lagged somewhat behind, together accounting for a further 25%.

From 2012 to 2021, the biggest increases were recorded for India (with a CAGR of +50.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Argentina ($X), Japan ($X) and France ($X) appeared to be the largest markets for lubricant additives exported from Brazil worldwide, together comprising 61% of total exports. These countries were followed by Singapore, the United States, India and China, which together accounted for a further 26%.

In terms of the main countries of destination, India, with a CAGR of +50.7%, recorded the highest rates of growth with regard to 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, increasing by 6.7% against the previous year. In general, the export price, however, continues to indicate a slight shrinkage. The most prominent rate of growth was recorded in 2018 when the average export price increased by 9.7% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Average prices varied somewhat for the major overseas markets. In 2021, amid the top suppliers, the highest price was recorded for prices to Singapore ($X per ton) and France ($X per ton), while the average price for exports to China ($X per ton) and the United States ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to India (+0.3%), while the prices for the other major destinations experienced a decline.

Lubricant Additives Imports

Imports into Brazil

In 2021, supplies from abroad of prepared additives for mineral oils increased by 16% to X tons, rising for the second year in a row after two years of decline. The total import volume increased at an average annual rate of +1.4% over the period from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2017 with an increase of 17% against the previous year. Imports peaked in 2021 and are expected to retain growth in years to come.

In value terms, lubricant additives imports skyrocketed to $X in 2021. Overall, imports showed a relatively flat trend pattern. Over the period under review, imports attained the peak figure at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, the United States (X tons) constituted the largest lubricant additives supplier to Brazil, with a 45% share of total imports. Moreover, lubricant additives imports from the United States exceeded the figures recorded by the second-largest supplier, France (X tons), threefold. The third position in this ranking was taken by Italy (X tons), with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United States totaled -2.6%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+1.4% per year) and Italy (+7.3% per year).

In value terms, the United States ($X) constituted the largest supplier of prepared additives for mineral oils to Brazil, comprising 50% of total imports. The second position in the ranking was held by France ($X), with a 15% share of total imports. It was followed by Italy, with an 11% share.

From 2012 to 2021, the average annual growth rate of value from the United States stood at -1.3%. The remaining supplying countries recorded the following average annual rates of imports growth: France (-1.7% per year) and Italy (+4.7% per year).

Import Prices by Country

In 2021, the average lubricant additives import price amounted to $X per ton, picking up by 4.6% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the average import price increased by 9% against the previous year. The import price peaked at $X per ton in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

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 Germany ($X per ton), while the price for Belgium ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+1.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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