Kazakhstan: Lubricant Additives Market 2024

Lubricant Additives Market Size in Kazakhstan

In 2021, the Kazakh lubricant additives market decreased by -21.9% to $X, falling for the second consecutive year after four years of growth. In general, consumption showed a noticeable descent. Lubricant additives consumption peaked at $X in 2014; however, from 2015 to 2021, consumption failed to regain momentum.

Lubricant Additives Exports

Exports from Kazakhstan

In 2021, after two years of decline, there was significant growth in overseas shipments of prepared additives for mineral oils, when their volume increased by 2,522% to X tons. Over the period under review, exports showed a resilient expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, lubricant additives exports soared to $X in 2021. Overall, exports saw strong growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Uzbekistan (X tons) was the main destination for lubricant additives exports from Kazakhstan, with a 69% share of total exports. Moreover, lubricant additives exports to Uzbekistan exceeded the volume sent to the second major destination, Kyrgyzstan (X tons), threefold.

From 2012 to 2021, the average annual growth rate of volume to Uzbekistan amounted to +112.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kyrgyzstan (+39.0% per year) and Russia (+49.4% per year).

In value terms, Uzbekistan ($X), Kyrgyzstan ($X) and Russia ($X) constituted the largest markets for lubricant additives exported from Kazakhstan worldwide, with a combined 99.9% share of total exports.

In terms of the main countries of destination, Uzbekistan, with a CAGR of +71.5%, 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 lubricant additives export price amounted to $X per ton, falling by -34.6% against the previous year. Over the period under review, the export price saw a deep contraction. The growth pace was the most rapid in 2013 an increase of 45% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2014 to 2021, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Kyrgyzstan ($X per ton), while the average price for exports to Russia ($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 Ukraine (+29.1%), while the prices for the other major destinations experienced mixed trend patterns.

Lubricant Additives Imports

Imports into Kazakhstan

In 2021, purchases abroad of prepared additives for mineral oils decreased by -12.8% to X tons, falling for the second year in a row after four years of growth. In general, imports saw a pronounced decrease. The most prominent rate of growth was recorded in 2016 when imports increased by 65% against the previous year. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, lubricant additives imports dropped rapidly to $X in 2021. Overall, imports showed a pronounced decrease. The most prominent rate of growth was recorded in 2016 with an increase of 57%. Over the period under review, imports reached the maximum at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Russia (X tons) constituted the largest lubricant additives supplier to Kazakhstan, accounting for a 36% share of total imports. Moreover, lubricant additives imports from Russia exceeded the figures recorded by the second-largest supplier, China (X tons), twofold. The United States (X tons) ranked third in terms of total imports with a 12% share.

From 2012 to 2021, the average annual growth rate of volume from Russia amounted to -1.5%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-2.9% per year) and the United States (+2.4% per year).

In value terms, the largest lubricant additives suppliers to Kazakhstan were Russia ($X), the United States ($X) and France ($X), together accounting for 59% of total imports. These countries were followed by the UK, China, Belarus and Germany, which together accounted for a further 33%.

Belarus, with a CAGR of +72.4%, saw the highest growth rate of the value of imports, among 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 lubricant additives import price amounted to $X per ton, dropping by -10.2% against the previous year. Over the period under review, the import price continues to indicate a pronounced shrinkage. The growth pace was the most rapid in 2014 when the average import price increased by 16%. As a result, import price reached the peak level of $X per ton. From 2015 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 ($X per ton), while the price for Russia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+15.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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