Central Asia: Lubricant Additives Market 2024

Lubricant Additives Market Size in Central Asia

In 2021, the Central Asian lubricant additives market decreased by -15.1% to $X for the first time since 2015, thus ending a five-year rising trend. Overall, consumption saw a relatively flat trend pattern. The level of consumption peaked at $X in 2020, and then reduced sharply in the following year.

Lubricant Additives Production in Central Asia

In value terms, lubricant additives production shrank significantly to $X in 2021 estimated in export price. Over the period under review, production, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the production volume increased by 58%. As a result, production attained the peak level of $X, and then shrank dramatically in the following year.

Lubricant Additives Exports

Exports in Central Asia

Lubricant additives exports surged to X tons in 2021, rising by 1,514% against the previous year. In general, exports enjoyed a prominent expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, lubricant additives exports skyrocketed to $X in 2021. Over the period under review, exports posted a strong expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The biggest shipments were from Kazakhstan (X tons), together resulting at 98% of total export.

Kazakhstan was also the fastest-growing in terms of the prepared additives for mineral oils exports, with a CAGR of +19.8% from 2012 to 2021. Kazakhstan (+16 p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Kazakhstan ($X) also remains the largest lubricant additives supplier in Central Asia.

From 2012 to 2021, the average annual rate of growth in terms of value in Kazakhstan stood at +9.3%.

Export Prices by Country

The export price in Central Asia stood at $X per ton in 2021, falling by -27.7% against the previous year. Overall, the export price showed a abrupt descent. The most prominent rate of growth was recorded in 2020 an increase of 38% against the previous year. The level of export peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Kazakhstan.

From 2012 to 2021, the rate of growth in terms of prices for Kazakhstan amounted to -8.8% per year.

Lubricant Additives Imports

Imports in Central Asia

In 2021, supplies from abroad of prepared additives for mineral oils decreased by -10.4% to X tons, falling for the second consecutive year after four years of growth. Overall, imports recorded a mild setback. The most prominent rate of growth was recorded in 2016 with an increase of 50%. Over the period under review, imports attained the peak figure at X tons in 2019; however, from 2020 to 2021, imports remained at a lower figure.

In value terms, lubricant additives imports fell to $X in 2021. In general, imports saw a perceptible decrease. The pace of growth appeared the most rapid in 2014 with an increase of 53%. As a result, imports reached the peak of $X. From 2015 to 2021, the growth of imports remained at a lower figure.

Imports by Country

Kazakhstan represented the largest importer of prepared additives for mineral oils in Central Asia, with the volume of imports finishing at X tons, which was approx. 58% of total imports in 2021. It was distantly followed by Turkmenistan (X tons), Uzbekistan (X tons) and Tajikistan (X tons), together comprising a 38% share of total imports. Kyrgyzstan (X tons) held a relatively small share of total imports.

From 2012 to 2021, average annual rates of growth with regard to lubricant additives imports into Kazakhstan stood at -2.8%. At the same time, Tajikistan (+54.0%), Uzbekistan (+22.9%) and Kyrgyzstan (+6.9%) displayed positive paces of growth. Moreover, Tajikistan emerged as the fastest-growing importer imported in Central Asia, with a CAGR of +54.0% from 2012-2021. By contrast, Turkmenistan (-4.0%) illustrated a downward trend over the same period. While the share of Uzbekistan (+10 p.p.) and Tajikistan (+7.2 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Turkmenistan (-6.1 p.p.) and Kazakhstan (-10.2 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Kazakhstan ($X) constitutes the largest market for imported prepared additives for mineral oils in Central Asia, comprising 58% of total imports. The second position in the ranking was taken by Turkmenistan ($X), with a 21% share of total imports. It was followed by Uzbekistan, with a 13% share.

In Kazakhstan, lubricant additives imports shrank by an average annual rate of -4.8% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Turkmenistan (-3.4% per year) and Uzbekistan (+19.3% per year).

Import Prices by Country

In 2021, the import price in Central Asia amounted to $X per ton, remaining relatively unchanged against the previous year. In general, the import price recorded a slight curtailment. The pace of growth appeared the most rapid in 2014 when the import price increased by 19%. As a result, import price reached the peak level of $X per ton. From 2015 to 2021, the import prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Uzbekistan ($X per ton), while Tajikistan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkmenistan (+0.6%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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