Kenya: Lubricant Additives Market 2024

Lubricant Additives Market Size in Kenya

The Kenyan lubricant additives market declined to $X in 2021, with a decrease of -9.2% 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, the total consumption indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +6.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +30.4% against 2019 indices. Over the period under review, the market hit record highs at $X in 2020, and then declined in the following year.

Lubricant Additives Exports

Exports from Kenya

Lubricant additives exports from Kenya reduced dramatically to X kg in 2021, with a decrease of -20.2% compared with the previous year. Over the period under review, exports saw a dramatic downturn. The most prominent rate of growth was recorded in 2015 with an increase of 73%. The exports peaked at X tons in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

In value terms, lubricant additives exports shrank slightly to $X in 2021. In general, exports faced a dramatic descent. The pace of growth was the most pronounced in 2013 with an increase of 11% against the previous year. As a result, the exports attained the peak of $X. From 2014 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Tanzania (X kg), Senegal (X kg) and Uganda (X kg) were the main destinations of lubricant additives exports from Kenya, together comprising 77% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Uganda (with a CAGR of -21.1%), while the other leaders experienced a decline.

In value terms, Tanzania ($X) remains the key foreign market for prepared additives for mineral oils exports from Kenya, comprising 45% of total exports. The second position in the ranking was taken by Uganda ($X), with a 20% share of total exports. It was followed by Senegal, with a 15% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Tanzania stood at -27.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Uganda (-8.7% per year) and Senegal (-38.4% per year).

Export Prices by Country

In 2021, the average lubricant additives export price amounted to $X per ton, picking up by 25% against the previous year. Overall, the export price recorded prominent growth. The most prominent rate of growth was recorded in 2016 when the average export price increased by 58% against the previous year. Over the period under review, the average export prices hit record highs in 2021 and is likely to continue growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was South Africa ($X per ton), while the average price for exports to Botswana ($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 Uganda (+15.8%), while the prices for the other major destinations experienced more modest paces of growth.

Lubricant Additives Imports

Imports into Kenya

In 2021, the amount of prepared additives for mineral oils imported into Kenya contracted to X tons, falling by -6.4% against 2020. In general, total imports indicated a strong increase from 2012 to 2021: its volume increased at an average annual rate of +7.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +35.4% against 2019 indices. The most prominent rate of growth was recorded in 2015 when imports increased by 47% against the previous year. Over the period under review, imports attained the maximum at X tons in 2020, and then contracted in the following year.

In value terms, lubricant additives imports dropped to $X in 2021. Overall, total imports indicated strong growth from 2012 to 2021: its value increased at an average annual rate of +5.8% 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 increased by +29.8% against 2019 indices. The pace of growth appeared the most rapid in 2015 when imports increased by 44%. As a result, imports reached the peak of $X. From 2016 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, France (X tons) constituted the largest supplier of lubricant additives to Kenya, with a 54% share of total imports. Moreover, lubricant additives imports from France exceeded the figures recorded by the second-largest supplier, Belgium (X tons), twofold. China (X tons) ranked third in terms of total imports with a 4.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from France totaled +10.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+18.4% per year) and China (+30.3% per year).

In value terms, France ($X) constituted the largest supplier of prepared additives for mineral oils to Kenya, comprising 51% of total imports. The second position in the ranking was held by Belgium ($X), with a 23% share of total imports. It was followed by the United States, with a 6.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value from France amounted to +7.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+16.8% per year) and the United States (+51.7% per year).

Import Prices by Country

In 2021, the average lubricant additives import price amounted to $X per ton, reducing by -3.3% against the previous year. Over the period under review, the import price recorded a slight decrease. The pace of growth was the most pronounced in 2013 an increase of 16% against the previous year. 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 ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+3.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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