Israel: Lubricant Additives Market 2024

Lubricant Additives Market Size in Israel

The Israeli lubricant additives market totaled $X in 2021, surging by 4.7% 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 relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2014 to 2021, the growth of the market remained at a somewhat lower figure.

Lubricant Additives Exports

Exports from Israel

In 2021, approx. X tons of prepared additives for mineral oils were exported from Israel; jumping by 263% on the previous year's figure. Overall, exports, however, showed a mild setback. Over the period under review, the exports attained the maximum at X tons in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

In value terms, lubricant additives exports surged to $X in 2021. Over the period under review, exports, however, recorded a slight shrinkage. Over the period under review, the exports reached the maximum at $X in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

Exports by Country

Chile (X tons) was the main destination for lubricant additives exports from Israel, with a 66% share of total exports. Moreover, lubricant additives exports to Chile exceeded the volume sent to the second major destination, India (X tons), fourfold. Colombia (X tons) ranked third in terms of total exports with a 7.9% share.

From 2012 to 2021, the average annual growth rate of volume to Chile totaled +18.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (+4.4% per year) and Colombia (+29.4% per year).

In value terms, Chile ($X) remains the key foreign market for prepared additives for mineral oils exports from Israel, comprising 65% of total exports. The second position in the ranking was held by India ($X), with a 15% share of total exports. It was followed by Colombia, with a 7.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Chile stood at +17.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (+3.3% per year) and Colombia (+31.9% per year).

Export Prices by Country

In 2021, the average lubricant additives export price amounted to $X per ton, shrinking by -2.4% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of 63%. As a result, the export price attained the peak level of $X per ton. From 2018 to 2021, the average export prices remained at a somewhat lower figure.

Average prices varied somewhat for the major external markets. In 2021, amid the top suppliers, the highest price was recorded for prices to Romania ($X per ton) and India ($X per ton), while the average price for exports to the United States ($X per ton) and Chile ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Colombia (+1.9%), while the prices for the other major destinations experienced more modest paces of growth.

Lubricant Additives Imports

Imports into Israel

In 2021, lubricant additives imports into Israel expanded remarkably to X tons, with an increase of 5% on 2020. Overall, total imports indicated tangible growth from 2012 to 2021: its volume increased at an average annual rate of +3.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -1.1% against 2019 indices. The pace of growth was the most pronounced in 2013 with an increase of 89% against the previous year. As a result, imports attained the peak of X tons. From 2014 to 2021, the growth of imports remained at a lower figure.

In value terms, lubricant additives imports reached $X in 2021. Over the period under review, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of 45%. As a result, imports attained the peak of $X. From 2014 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

Italy (X tons), the United States (X tons) and Greece (X tons) were the main suppliers of lubricant additives imports to Israel, together comprising 48% of total imports. These countries were followed by Germany, France, Belgium, Denmark, the Netherlands and the UK, which together accounted for a further 47%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Denmark (with a CAGR of +26.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest lubricant additives suppliers to Israel were Italy ($X), the United States ($X) and Greece ($X), together comprising 49% of total imports. Germany, France, Belgium, Denmark, the Netherlands and the UK lagged somewhat behind, together accounting for a further 46%.

Denmark, with a CAGR of +24.1%, saw the highest growth rate of 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

The average lubricant additives import price stood at $X per ton in 2021, picking up by 5.8% against the previous year. In general, the import price, however, showed a perceptible decline. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the highest price was recorded for prices from the United States ($X per ton) and the UK ($X per ton), while the price for Denmark ($X per ton) and Germany ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Denmark (-1.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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