Kazakhstan: Lubricating Oil Additive Market 2024

Lubricating Oil Additive Market Size in Kazakhstan

The Kazakh lubricating oil additive market was estimated at $X in 2021, remaining stable against the previous year. The market value increased at an average annual rate of +3.7% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market reached the maximum level at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Lubricating Oil Additive Production in Kazakhstan

In value terms, lubricating oil additive production amounted to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +3.7% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2015 when the production volume increased by 11%. Over the period under review, production reached the peak level at $X in 2018; however, from 2019 to 2021, production stood at a somewhat lower figure.

Lubricating Oil Additive Exports

Exports from Kazakhstan

For the ninth year in a row, Kazakhstan recorded decline in shipments abroad of additives for lubricating oils, which decreased by -21.7% to X tons in 2021. Over the period under review, exports recorded a dramatic downturn. The smallest decline of -7.9% was in 2019. Over the period under review, the exports reached the maximum at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, lubricating oil additive exports totaled $X in 2021. Overall, exports recorded a deep setback. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Russia (X tons) was the main destination for lubricating oil additive exports from Kazakhstan, with a 86% share of total exports. Moreover, lubricating oil additive exports to Russia exceeded the volume sent to the second major destination, Kyrgyzstan (X tons), sixfold.

From 2012 to 2021, the average annual growth rate of volume to Russia totaled -21.1%.

In value terms, Russia ($X) remains the key foreign market for additives for lubricating oils exports from Kazakhstan, comprising 95% of total exports. The second position in the ranking was held by Kyrgyzstan ($X), with a 5% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Russia totaled -18.8%.

Export Prices by Country

The average lubricating oil additive export price stood at $X per ton in 2021, rising by 28% against the previous year. Overall, export price indicated a mild increase from 2012 to 2021: its price increased at an average annual rate of +1.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, lubricating oil additive export price increased by +95.6% against 2019 indices. The pace of growth appeared the most rapid in 2020 when the average export price increased by 53%. The export price peaked in 2021 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Russia ($X per ton), while the average price for exports to Kyrgyzstan amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Russia (+2.9%), while the prices for the other major destinations experienced a decline.

Lubricating Oil Additive Imports

Imports into Kazakhstan

In 2021, lubricating oil additive imports into Kazakhstan skyrocketed to X tons, picking up by 20% on 2020. In general, imports saw slight growth. The most prominent rate of growth was recorded in 2020 when imports increased by 47% against the previous year. Imports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, lubricating oil additive imports soared to $X in 2021. Overall, imports showed a temperate expansion. The pace of growth appeared the most rapid in 2019 when imports increased by 53% against the previous year. Over the period under review, imports attained the maximum in 2021 and are likely to continue growth in years to come.

Imports by Country

In 2021, Oman (X tons) constituted the largest supplier of lubricating oil additive to Kazakhstan, with a 44% share of total imports. Moreover, lubricating oil additive imports from Oman exceeded the figures recorded by the second-largest supplier, France (X tons), fivefold. The third position in this ranking was held by China (X tons), with an 8.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Oman stood at -5.1%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+13.1% per year) and China (+13.4% per year).

In value terms, Oman ($X) constituted the largest supplier of additives for lubricating oils to Kazakhstan, comprising 53% of total imports. The second position in the ranking was taken by France ($X), with a 7.8% share of total imports. It was followed by Russia, with a 7.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Oman stood at +3.0%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+7.2% per year) and Russia (+12.6% per year).

Import Prices by Country

In 2021, the average lubricating oil additive import price amounted to $X per ton, which is down by -3.5% against the previous year. In general, import price indicated a noticeable expansion from 2012 to 2021: its price increased at an average annual rate of +3.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2013 when the average import price increased by 82%. As a result, import price reached the peak level of $X per ton. From 2014 to 2021, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Oman (+8.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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