Report Update Nov 1, 2024

Cuba - Additives for Lubricating Oils - Market Analysis, Forecast, Size, Trends and Insights

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Cuba: Lubricating Oil Additive Market 2024

Lubricating Oil Additive Market Size in Cuba

The Cuban lubricating oil additive market expanded markedly to $X in 2021, increasing by 9.2% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption showed a noticeable setback. Lubricating oil additive consumption peaked at $X in 2014; however, from 2015 to 2021, consumption failed to regain momentum.

Lubricating Oil Additive Exports

Exports from Cuba

In 2021, the amount of additives for lubricating oils exported from Cuba amounted to X tons, leveling off at the previous year. In general, exports posted a significant increase. The smallest decline of 99.9% was in 2020. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in the near future.

In value terms, lubricating oil additive exports totaled $X in 2021. Over the period under review, exports showed significant growth. The smallest decline of 99.9% was in 2020. The exports peaked in 2021 and are likely to continue growth in the immediate term.

Exports by Country

Taiwan (Chinese) (X tons) was the main destination for lubricating oil additive exports from Cuba, with a approx. 100% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Taiwan (Chinese) was relatively modest.

From 2012 to 2021, the average annual growth rate of value to Taiwan (Chinese) was relatively modest.

Export Prices by Country

The average lubricating oil additive export price stood at $X per ton in 2021, almost unchanged from the previous year. In general, the export price saw a abrupt setback. The pace of growth appeared the most rapid in 2020 when the average export price decreased by 99.9%. Over the period under review, the average export prices hit record highs at $X per ton in 2015; however, from 2016 to 2021, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Taiwan (Chinese).

From 2012 to 2021, the rate of growth in terms of prices for Taiwan (Chinese) amounted to 0.0% per year.

Lubricating Oil Additive Imports

Imports into Cuba

In 2021, the amount of additives for lubricating oils imported into Cuba reduced to X tons, falling by -12% against 2020 figures. Over the period under review, imports continue to indicate a slight decrease. The growth pace was the most rapid in 2014 with an increase of 28%. As a result, imports attained the peak of X tons. From 2015 to 2021, the growth of imports remained at a lower figure.

In value terms, lubricating oil additive imports skyrocketed to $X in 2021. In general, imports showed a perceptible descent. The most prominent rate of growth was recorded in 2020 with an increase of 29% against the previous year. Over the period under review, imports reached the peak figure at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Italy (X tons) constituted the largest lubricating oil additive supplier to Cuba, accounting for a 31% share of total imports. Moreover, lubricating oil additive imports from Italy exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), threefold. France (X tons) ranked third in terms of total imports with a 7.9% share.

From 2012 to 2021, the average annual growth rate of volume from Italy was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (-5.5% per year) and France (-20.5% per year).

In value terms, Italy ($X) constituted the largest supplier of additives for lubricating oils to Cuba, comprising 30% of total imports. The second position in the ranking was taken by the Netherlands ($X), with a 13% share of total imports. It was followed by France, with a 7% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Italy was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (-6.8% per year) and France (-24.1% per year).

Import Prices by Country

The average lubricating oil additive import price stood at $X per ton in 2021, rising by 40% against the previous year. Over the period under review, the import price, however, showed a perceptible descent. Over the period under review, average import prices attained the maximum at $X per ton in 2012; however, from 2013 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 Greece ($X per ton), while the price for Mexico ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Greece (+4.7%), 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 additives for lubricating oils in the world?

China remains the largest lubricating oil additive consuming country worldwide, accounting for 22% of total volume. Moreover, lubricating oil additive consumption in China exceeded the figures recorded by the second-largest consumer, the United States, twofold. India ranked third in terms of total consumption with a 9% share.

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

The countries with the highest volumes of lubricating oil additive production in 2021 were China, the United States and France, together comprising 44% of global production. These countries were followed by India, Japan, Russia, Singapore, Brazil, Italy, Mexico, Belgium, Canada and South Korea, which together accounted for a further 40%.

What are the leading suppliers of additives for lubricating oils to Cuba?

In value terms, the largest lubricating oil additive suppliers to Cuba were France, Italy and the Netherlands, together accounting for 96% of total imports.

What is the average export price for additives for lubricating oils in Cuba?

The average lubricating oil additive export price stood at $2,221 per ton in 2019, leveling off at the previous year.

What is the average import price for additives for lubricating oils in Cuba?

In 2021, the average lubricating oil additive import price amounted to $2,654 per ton, falling by -3.1% against the previous year.

This report provides an in-depth analysis of the lubricating oil additive market in Cuba. 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 20594270 - Additives for lubricating oils

Country coverage:

Cuba

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Cuba
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
Find deeper insights into current market developments
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