France: Lubricant Additives Market 2024

Lubricant Additives Market Size in France

The French lubricant additives market rose rapidly to $X in 2021, with an increase of 6.9% against the previous year. The market value increased at an average annual rate of +6.2% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Lubricant additives consumption peaked at $X in 2019; afterwards, it flattened through to 2021.

Lubricant Additives Production in France

In value terms, lubricant additives production reached $X in 2021 estimated in export price. In general, production, however, continues to indicate a slight shrinkage. 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 France

In 2021, approx. X tons of prepared additives for mineral oils were exported from France; picking up by 14% compared with the previous year's figure. Over the period under review, exports saw a relatively flat trend pattern. Over the period under review, the exports reached the peak figure at X tons in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

In value terms, lubricant additives exports surged to $X in 2021. In general, exports, however, showed a relatively flat trend pattern. Over the period under review, the exports attained the maximum at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

Italy (X tons), Belgium (X tons) and Singapore (X tons) were the main destinations of lubricant additives exports from France, together comprising 39% of total exports. These countries were followed by Germany, the Netherlands, the United States, Spain, China, Russia, the United Arab Emirates, Turkey, the UK and Saudi Arabia, which together accounted 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 +22.8%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for lubricant additives exported from France were Belgium ($X), Italy ($X) and Germany ($X), together accounting for 41% 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 38%.

In terms of the main countries of destination, China, with a CAGR of +17.6%, recorded 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 lubricant additives export price amounted to $X per ton, growing by 2.9% against the previous year. Over the period under review, the export price, however, showed a slight slump. The most prominent rate of growth was recorded in 2018 an increase of 13%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: 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 (+1.1%), while the prices for the other major destinations experienced more modest paces of growth.

Lubricant Additives Imports

Imports into France

In 2021, lubricant additives imports into France reduced modestly to X tons, shrinking by -3.3% on the previous year. The total import volume increased at an average annual rate of +1.9% over the period from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2019 with an increase of 28%. As a result, imports attained the peak of X tons. From 2020 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, lubricant additives imports expanded markedly to $X in 2021. The total import value increased at an average annual rate of +2.7% from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The pace of growth was the most pronounced in 2013 when imports increased by 16%. Imports peaked 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 lubricant additives imports to France, together comprising 77% of total imports. These countries were followed by Germany, the Netherlands, India, Singapore and the UK, which together accounted for a further 19%.

From 2012 to 2021, the biggest increases were recorded for India (with a CAGR of +39.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest lubricant additives suppliers to France were the United States ($X), Italy ($X) and Belgium ($X), together accounting for 78% of total imports. Germany, the Netherlands, India, Singapore and the UK lagged somewhat behind, together comprising a further 18%.

Among the main suppliers, India, with a CAGR of +39.0%, recorded 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

In 2021, the average lubricant additives import price amounted to $X per ton, with an increase of 9.7% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the average import price increased by 32% against the previous year. As a result, import price attained the peak level of $X per ton. From 2019 to 2021, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Belgium ($X per ton), while the price for Singapore ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+1.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :