France: Lubricating Oil Additive Market 2024

Lubricating Oil Additive Market Size in France

The French lubricating oil additive market shrank to $X in 2021, which is down by -5.4% against the previous year. The market value increased at an average annual rate of +4.3% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Lubricating oil additive consumption peaked at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.

Lubricating Oil Additive Production in France

In value terms, lubricating oil additive production rose notably to $X in 2021 estimated in export price. Overall, production, however, recorded a noticeable reduction. Lubricating oil additive production peaked at $X in 2013; however, from 2014 to 2021, production remained at a lower figure.

Lubricating Oil Additive Exports

Exports from France

Lubricating oil additive exports from France expanded significantly to X tons in 2021, rising by 14% on the previous year. Over the period under review, exports showed a relatively flat trend pattern. The exports peaked at X tons in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

In value terms, lubricating oil additive exports skyrocketed to $X in 2021. Overall, exports, however, recorded a relatively flat trend pattern. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Italy (X tons), Belgium (X tons) and Singapore (X tons) were the main destinations of lubricating oil additive exports from France, with a combined 39% share of total exports. Germany, the Netherlands, the United States, China, Spain, the United Arab Emirates, Russia, Turkey, the UK and Saudi Arabia lagged somewhat behind, together accounting for a further 42%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by China (with a CAGR of +23.2%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for lubricating oil additive exported from France were Belgium ($X), Italy ($X) and Germany ($X), with a combined 42% share of total exports. Singapore, the Netherlands, Spain, the United States, China, Turkey, Russia, the United Arab Emirates, the UK and Saudi Arabia lagged somewhat behind, together comprising a further 39%.

In terms of the main countries of destination, China, with a CAGR of +17.9%, 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 lubricating oil additive export price amounted to $X per ton, rising by 3% against the previous year. In general, the export price, however, recorded a mild slump. The most prominent rate of growth was recorded in 2018 when the average export price increased by 14%. Over the period under review, the average export prices hit record highs at $X per ton in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Singapore ($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 Spain (+0.9%), while the prices for the other major destinations experienced more modest paces of growth.

Lubricating Oil Additive Imports

Imports into France

In 2021, the amount of additives for lubricating oils imported into France dropped slightly to X tons, falling by -2.5% on 2020 figures. The total import volume increased at an average annual rate of +1.9% from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when imports increased by 15% against the previous year. As a result, imports attained the peak of X tons, and then declined slightly in the following year.

In value terms, lubricating oil additive imports rose remarkably to $X in 2021. The total import value increased at an average annual rate of +3.1% from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 when imports increased by 19% against the previous year. Over the period under review, imports attained the peak figure in 2021 and are expected to retain growth in the near future.

Imports by Country

The United States (X tons), Italy (X tons) and Belgium (X tons) were the main suppliers of lubricating oil additive imports to France, together accounting for 82% of total imports. Germany, the Netherlands, India, Singapore and the UK lagged somewhat behind, together comprising a further 14%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by India (with a CAGR of +39.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest lubricating oil additive suppliers to France were the United States ($X), Italy ($X) and Belgium ($X), with a combined 82% share of total imports. Germany, the Netherlands, India, Singapore and the UK lagged somewhat behind, together comprising a further 14%.

India, with a CAGR of +39.0%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average lubricating oil additive import price amounted to $X per ton, growing by 8.8% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.2%. The pace of growth appeared the most rapid in 2018 an increase of 20% against the previous year. The import price peaked in 2021 and is likely to see gradual growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Singapore ($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 UK (+2.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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