Kenya: Lubricating Oil Additive Market 2024

Lubricating Oil Additive Market Size in Kenya

The Kenyan lubricating oil additive market fell sharply to $X in 2021, which is down by -16.6% 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). In general, the total consumption indicated a notable increase from 2012 to 2021: its value increased at an average annual rate of +4.7% 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 +27.2% against 2019 indices. Lubricating oil additive consumption peaked at $X in 2015; however, from 2016 to 2021, consumption remained at a lower figure.

Lubricating Oil Additive Exports

Exports from Kenya

In 2021, after two years of decline, there was significant growth in shipments abroad of additives for lubricating oils, when their volume increased by 10% to X tons. Overall, exports continue to indicate buoyant growth. The most prominent rate of growth was recorded in 2018 when exports increased by 519% against the previous year. As a result, the exports attained the peak of X tons. From 2019 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, lubricating oil additive exports surged to $X in 2021. In general, exports showed a buoyant increase. The most prominent rate of growth was recorded in 2018 when exports increased by 474%. The exports peaked in 2021 and are likely to continue growth in years to come.

Exports by Country

Tanzania (X tons) was the main destination for lubricating oil additive exports from Kenya, accounting for a 50% share of total exports. Moreover, lubricating oil additive exports to Tanzania exceeded the volume sent to the second major destination, Uganda (X tons), twofold. South Africa (X tons) ranked third in terms of total exports with a 14% share.

From 2012 to 2021, the average annual growth rate of volume to Tanzania amounted to +5.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Uganda (+41.8% per year) and South Africa (-1.7% per year).

In value terms, Tanzania ($X) remains the key foreign market for additives for lubricating oils exports from Kenya, comprising 44% of total exports. The second position in the ranking was taken by Botswana ($X), with a 21% share of total exports. It was followed by Uganda, with a 19% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Tanzania totaled +1.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Botswana (+51.5% per year) and Uganda (+41.4% per year).

Export Prices by Country

In 2021, the average lubricating oil additive export price amounted to $X per ton, jumping by 32% against the previous year. Overall, the export price, however, continues to indicate a mild descent. The export price peaked at $X per ton in 2012; however, from 2013 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 Botswana ($X per ton), while the average price for exports to Democratic Republic of the Congo ($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 Botswana (+42.7%), while the prices for the other major destinations experienced more modest paces of growth.

Lubricating Oil Additive Imports

Imports into Kenya

In 2021, lubricating oil additive imports into Kenya shrank to X tons, which is down by -14.3% against 2020. Overall, total imports indicated a strong expansion from 2012 to 2021: its volume increased at an average annual rate of +6.5% 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 increased by +30.2% against 2019 indices. The growth pace was the most rapid in 2020 with an increase of 52% against the previous year. As a result, imports attained the peak of X tons, and then declined in the following year.

In value terms, lubricating oil additive imports contracted dramatically to $X in 2021. Over the period under review, total imports indicated a moderate expansion from 2012 to 2021: its value increased at an average annual rate of +4.4% 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 increased by +26.2% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 52%. Imports peaked at $X in 2015; however, from 2016 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, France (X tons) constituted the largest supplier of lubricating oil additive to Kenya, accounting for a 31% share of total imports. Moreover, lubricating oil additive imports from France exceeded the figures recorded by the second-largest supplier, Belgium (X tons), twofold. The United States (X tons) ranked third in terms of total imports with a 1.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from France amounted to +2.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+9.9% per year) and the United States (-3.6% per year).

In value terms, France ($X) constituted the largest supplier of additives for lubricating oils to Kenya, comprising 32% of total imports. The second position in the ranking was taken by Belgium ($X), with a 15% share of total imports. It was followed by the United States, with a 3.4% share.

From 2012 to 2021, the average annual growth rate of value from France was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+9.6% per year) and the United States (-1.4% per year).

Import Prices by Country

In 2021, the average lubricating oil additive import price amounted to $X per ton, reducing by -2.9% against the previous year. Overall, the import price continues to indicate a slight descent. The most prominent rate of growth was recorded in 2013 when the average import price increased by 14%. As a result, import price attained the peak level of $X per ton. From 2014 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 the United States ($X per ton), while the price for South Africa ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+2.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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