EU: Lubricant Additives Market 2024

Lubricant Additives Market Size in the EU

After two years of decline, the EU lubricant additives market increased by 4.5% to $X in 2021. The market value increased at an average annual rate of +1.6% over the period from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Lubricant Additives Production in the EU

In value terms, lubricant additives production rose slightly to $X in 2021 estimated in export price. In general, production, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 with an increase of 8.3%. The level of production peaked at $X in 2013; however, from 2014 to 2021, production failed to regain momentum.

Lubricant Additives Exports

Exports in the EU

For the third year in a row, the European Union recorded growth in shipments abroad of prepared additives for mineral oils, which increased by 10% to X tons in 2021. The total export volume increased at an average annual rate of +2.0% from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, lubricant additives exports soared to $X in 2021. The total export value increased at an average annual rate of +1.6% from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

France was the key exporting country with an export of around X tons, which accounted for 42% of total exports. Italy (X tons) ranks second in terms of the total exports with an 18% share, followed by Belgium (17%) and Germany (16%). The Netherlands (X tons) followed a long way behind the leaders.

France experienced a relatively flat trend pattern with regard to volume of exports of prepared additives for mineral oils. At the same time, Belgium (+12.3%), Germany (+1.9%) and Italy (+1.2%) displayed positive paces of growth. Moreover, Belgium emerged as the fastest-growing exporter exported in the European Union, with a CAGR of +12.3% from 2012-2021. By contrast, the Netherlands (-2.7%) illustrated a downward trend over the same period. While the share of Belgium (+9.7 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of the Netherlands (-2.1 p.p.) and France (-4.8 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, France ($X) remains the largest lubricant additives supplier in the European Union, comprising 39% of total exports. The second position in the ranking was held by Italy ($X), with an 18% share of total exports. It was followed by Germany, with a 17% share.

From 2012 to 2021, the average annual growth rate of value in France was relatively modest. The remaining exporting countries recorded the following average annual rates of exports growth: Italy (+0.4% per year) and Germany (+2.7% per year).

Export Prices by Country

The export price in the European Union stood at $X per ton in 2021, increasing by 5.4% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 10% against the previous year. Over the period under review, the export prices reached the maximum at $X per ton in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2021, major exporting countries recorded the following prices: in the Netherlands ($X per ton) and Germany ($X per ton), while France ($X per ton) and Italy ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+3.6%), while the other leaders experienced mixed trends in the export price figures.

Lubricant Additives Imports

Imports in the EU

Lubricant additives imports totaled X tons in 2021, picking up by 5.6% compared with the previous year's figure. The total import volume increased at an average annual rate of +1.6% over the period from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, lubricant additives imports amounted to $X in 2021. In general, imports continue to indicate a relatively flat trend pattern. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Belgium (X tons), Germany (X tons), France (X tons), Italy (X tons) and the Netherlands (X tons) represented roughly 79% of total imports in 2021. It was distantly followed by Spain (X tons), generating a 5.4% share of total imports. Poland (X tons), Finland (X tons) and Austria (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for Poland (with a CAGR of +9.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest lubricant additives importing markets in the European Union were Belgium ($X), Germany ($X) and France ($X), with a combined 58% share of total imports. These countries were followed by Italy, the Netherlands, Spain, Poland, Finland and Austria, which together accounted for a further 34%.

In terms of the main importing countries, Poland, with a CAGR of +8.4%, saw the highest growth rate of 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

The import price in the European Union stood at $X per ton in 2021, picking up by 3.6% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 9.4%. Over the period under review, import prices hit record highs at $X per ton in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

Average prices varied somewhat amongst the major importing countries. In 2021, major importing countries recorded the following prices: in France ($X per ton) and the Netherlands ($X per ton), while Belgium ($X per ton) and Italy ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+1.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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