Report India - Prepared Additives for Mineral Oils - Market Analysis, Forecast, Size, Trends and Insights for 499$
Report Update Nov 1, 2024

India - Prepared Additives for Mineral Oils - Market Analysis, Forecast, Size, Trends and Insights

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India: Lubricant Additives Market 2024

Lubricant Additives Market Size in India

The Indian lubricant additives market shrank modestly to $X in 2021, stabilizing at the previous year. Overall, the total consumption indicated a resilient increase from 2012 to 2021: its value increased at an average annual rate of +7.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +5.3% against 2019 indices. Lubricant additives consumption peaked at $X in 2020, and then fell in the following year.

Lubricant Additives Production in India

In value terms, lubricant additives production dropped to $X in 2021 estimated in export price. Over the period under review, the total production indicated a strong expansion from 2012 to 2021: its value increased at an average annual rate of +8.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +109.4% against 2012 indices. The growth pace was the most rapid in 2013 when the production volume increased by 35% against the previous year. Lubricant additives production peaked at $X in 2020, and then shrank modestly in the following year.

Lubricant Additives Exports

Exports from India

In 2021, overseas shipments of prepared additives for mineral oils decreased by -2.4% to X tons, falling for the second consecutive year after two years of growth. Over the period under review, exports, however, posted a remarkable increase. The growth pace was the most rapid in 2019 when exports increased by 111%. As a result, the exports attained the peak of X tons. From 2020 to 2021, the growth of the exports failed to regain momentum.

In value terms, lubricant additives exports totaled $X in 2021. In general, exports, however, recorded a buoyant increase. The most prominent rate of growth was recorded in 2019 when exports increased by 172% against the previous year. As a result, the exports reached the peak of $X. From 2020 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

The United Arab Emirates (X tons), the United States (X tons) and Singapore (X tons) were the main destinations of lubricant additives exports from India, with a combined 37% share of total exports. China, France, Kuwait, Oman, South Korea, Nigeria, Malaysia, Cameroon, Saudi Arabia and Indonesia lagged somewhat behind, together accounting for a further 40%.

From 2012 to 2021, the biggest increases were recorded for France (with a CAGR of +42.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X), Singapore ($X) and France ($X) were the largest markets for lubricant additives exported from India worldwide, with a combined 38% share of total exports.

France, with a CAGR of +43.2%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average lubricant additives export price stood at $X per ton in 2021, rising by 3.5% against the previous year. Overall, the export price, however, saw a mild decrease. The growth pace was the most rapid in 2019 when the average export price increased by 28%. As a result, the export price reached the peak level of $X per ton. From 2020 to 2021, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to Oman ($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 Saudi Arabia (+4.5%), while the prices for the other major destinations experienced more modest paces of growth.

Lubricant Additives Imports

Imports into India

In 2021, lubricant additives imports into India surged to X tons, increasing by 17% on 2020 figures. The total import volume increased at an average annual rate of +3.0% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, imports hit record highs at X tons in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, lubricant additives imports soared to $X in 2021. The total import value increased at an average annual rate of +2.3% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Singapore (X tons), the United States (X tons) and Belgium (X tons) were the main suppliers of lubricant additives imports to India, together accounting for 70% of total imports. These countries were followed by Saudi Arabia, China, Japan, South Korea, France, Germany and Italy, which together accounted for a further 25%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Saudi Arabia (with a CAGR of +73.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Singapore ($X), the United States ($X) and Belgium ($X) appeared to be the largest lubricant additives suppliers to India, with a combined 72% share of total imports. Japan, China, France, Germany, South Korea, Italy and Saudi Arabia lagged somewhat behind, together comprising a further 22%.

Among the main suppliers, Saudi Arabia, with a CAGR of +27.9%, saw the highest rates of growth with regard to 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, surging by 2.6% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 11%. Over the period under review, average import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+2.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

The countries with the highest volumes of lubricant additives consumption in 2021 were China, India and France, together comprising 42% of global consumption. These countries were followed by the United States, Italy, Germany, Brazil, Belgium, Russia, Japan, Mexico and South Korea, which together accounted for a further 34%.
The countries with the highest volumes of lubricant additives production in 2021 were China, the United States and France, with a combined 50% share of global production. India, Italy, Germany, Singapore, Brazil, Belgium, Russia and Japan lagged somewhat behind, together accounting for a further 40%.
In value terms, Singapore, the United States and Belgium constituted the largest lubricant additives suppliers to India, together accounting for 73% of total imports. Japan, China, France, Germany, South Korea and Italy lagged somewhat behind, together comprising a further 22%.
In value terms, Singapore, France and the United States constituted the largest markets for lubricant additives exported from India worldwide, together accounting for 42% of total exports. These countries were followed by China, Nigeria, Malaysia, Belgium, Kuwait, Cameroon, Indonesia, South Korea, South Africa and Saudi Arabia, which together accounted for a further 36%.
In 2021, the average lubricant additives export price amounted to $2,516 per ton, picking up by 5.5% against the previous year.
The average lubricant additives import price stood at $3,852 per ton in 2021, surging by 2.7% against the previous year.

This report provides an in-depth analysis of the lubricant additives market in India. 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 20594250 - Anti-knock preparations
  • Prodcom 20594270 - Additives for lubricating oils
  • Prodcom 20594290 - Additives for mineral oils or for other liquids used for the same purpose as mineral oils (including gasoline) (excluding anti-knock preparations, additives for lubricating oils)

Country coverage:

  • India

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Trade (exports and imports) in India
  • 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:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. 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. 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. 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. 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. 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. 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. 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. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY
  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY
  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
  11. 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
  12. 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

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