Poland: Lubricating Oil Additive Market 2024

Lubricating Oil Additive Market Size in Poland

The Polish lubricating oil additive market totaled $X in 2021, picking up by 6% against the previous year. Overall, consumption, however, saw a relatively flat trend pattern. Over the period under review, the market hit record highs in 2021 and is likely to continue growth in the near future.

Lubricating Oil Additive Production in Poland

In value terms, lubricating oil additive production reduced to $X in 2021 estimated in export price. Overall, production, however, continues to indicate a strong increase. The pace of growth was the most pronounced in 2018 when the production volume increased by 54% against the previous year. Over the period under review, production attained the peak level at $X in 2020, and then declined in the following year.

Lubricating Oil Additive Exports

Exports from Poland

In 2021, overseas shipments of additives for lubricating oils increased by 20% to X tons, rising for the third year in a row after two years of decline. Over the period under review, exports recorded a significant increase. The most prominent rate of growth was recorded in 2015 with an increase of 403%. The exports peaked at X tons in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

In value terms, lubricating oil additive exports skyrocketed to $X in 2021. In general, exports posted a significant expansion. The most prominent rate of growth was recorded in 2015 when exports increased by 336%. The exports peaked at $X in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

Exports by Country

Latvia (X tons) was the main destination for lubricating oil additive exports from Poland, accounting for a 39% share of total exports. Moreover, lubricating oil additive exports to Latvia exceeded the volume sent to the second major destination, Germany (X tons), twofold. The third position in this ranking was taken by Bulgaria (X tons), with a 6.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Latvia amounted to +111.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+129.1% per year) and Bulgaria (+94.8% per year).

In value terms, the largest markets for lubricating oil additive exported from Poland were Latvia ($X), Germany ($X) and Lithuania ($X), with a combined 55% share of total exports. Spain, Bulgaria, the UK, Hungary, Russia, Slovakia, Greece, Ukraine and France lagged somewhat behind, together accounting for a further 36%.

Among the main countries of destination, Spain, with a CAGR of +185.1%, saw the highest rates of growth with regard to 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

The average lubricating oil additive export price stood at $X per ton in 2021, rising by 25% against the previous year. Over the period under review, the export price, however, continues to indicate a perceptible contraction. The growth pace was the most rapid in 2018 an increase of 33% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Lithuania ($X per ton), while the average price for exports to Latvia ($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 Saudi Arabia (+41.3%), while the prices for the other major destinations experienced more modest paces of growth.

Lubricating Oil Additive Imports

Imports into Poland

In 2021, approx. X tons of additives for lubricating oils were imported into Poland; picking up by 2.1% on the year before. The total import volume increased at an average annual rate of +1.7% over the period from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2016 with an increase of 18%. Imports peaked in 2021 and are likely to continue growth in the immediate term.

In value terms, lubricating oil additive imports amounted to $X in 2021. The total import value increased at an average annual rate of +1.6% over the period from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2018 when imports increased by 14%. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in the near future.

Imports by Country

In 2021, France (X tons) constituted the largest lubricating oil additive supplier to Poland, accounting for a 58% share of total imports. Moreover, lubricating oil additive imports from France exceeded the figures recorded by the second-largest supplier, Germany (X tons), threefold. The third position in this ranking was taken by the Netherlands (X tons), with a 7.3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from France totaled +3.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+3.4% per year) and the Netherlands (+26.0% per year).

In value terms, France ($X) constituted the largest supplier of additives for lubricating oils to Poland, comprising 53% of total imports. The second position in the ranking was held by Germany ($X), with a 22% share of total imports. It was followed by Belgium, with an 8.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value from France totaled +2.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+3.8% per year) and Belgium (-4.9% per year).

Import Prices by Country

The average lubricating oil additive import price stood at $X per ton in 2021, rising by 7% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 14% against the previous year. The import price peaked at $X per ton in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hungary (+7.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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