Netherlands: Lubricating Oil Additive Market 2024

Lubricating Oil Additive Market Size in the Netherlands

The Dutch lubricating oil additive market was finally on the rise to reach $X in 2021, after two years of decline. Overall, consumption showed a buoyant expansion. Lubricating oil additive consumption peaked at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.

Lubricating Oil Additive Production in the Netherlands

In value terms, lubricating oil additive production soared to $X in 2021 estimated in export price. Overall, production continues to indicate significant growth. The most prominent rate of growth was recorded in 2015 with an increase of 232%. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2021, production failed to regain momentum.

Lubricating Oil Additive Exports

Exports from the Netherlands

In 2021, exports of additives for lubricating oils from the Netherlands rose markedly to X tons, surging by 9.5% against the previous year's figure. The total export volume increased at an average annual rate of +2.5% over the period from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2014 when exports increased by 16% against the previous year. Over the period under review, the exports reached the maximum in 2021 and are likely to continue growth in the near future.

In value terms, lubricating oil additive exports soared to $X in 2021. The total export value increased at an average annual rate of +2.4% from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Germany (X tons) was the main destination for lubricating oil additive exports from the Netherlands, accounting for a 25% share of total exports. Moreover, lubricating oil additive exports to Germany exceeded the volume sent to the second major destination, Belgium (X tons), twofold. France (X tons) ranked third in terms of total exports with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Germany totaled +12.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (-2.2% per year) and France (+9.7% per year).

In value terms, Germany ($X) remains the key foreign market for additives for lubricating oils exports from the Netherlands, comprising 26% of total exports. The second position in the ranking was held by Belgium ($X), with a 12% share of total exports. It was followed by France, with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Germany totaled +10.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (+0.1% per year) and France (+5.2% per year).

Export Prices by Country

The average lubricating oil additive export price stood at $X per ton in 2021, increasing by 10% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average export price increased by 12%. The export price peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Belgium ($X per ton), while the average price for exports to the United Arab Emirates ($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 Singapore (+4.0%), while the prices for the other major destinations experienced more modest paces of growth.

Lubricating Oil Additive Imports

Imports into the Netherlands

In 2021, approx. X tons of additives for lubricating oils were imported into the Netherlands; picking up by 8.2% compared with the previous year's figure. The total import volume increased at an average annual rate of +1.6% over the period from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2015 with an increase of 12% against the previous year. Imports peaked at X tons in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

In value terms, lubricating oil additive imports rose significantly to $X in 2021. The total import value increased at an average annual rate of +1.4% over the period from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in 2014 when imports increased by 15%. As a result, imports attained the peak of $X. From 2015 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, France (X tons) constituted the largest lubricating oil additive supplier to the Netherlands, accounting for a 42% 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 third position in this ranking was taken by Italy (X tons), with an 11% share.

From 2012 to 2021, the average annual growth rate of volume from France was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+2.3% per year) and Italy (+6.0% per year).

In value terms, the largest lubricating oil additive suppliers to the Netherlands were France ($X), Belgium ($X) and Italy ($X), with a combined 66% share of total imports. The United States, Germany, Belarus, the UK and China lagged somewhat behind, together accounting for a further 28%.

Belarus, with a CAGR of +30.1%, 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 lubricating oil additive import price amounted to $X per ton, growing by 5.1% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the average import price increased by 8.6% against the previous year. As a result, import price reached the peak level of $X per ton. From 2015 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 Germany (+5.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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