Poland: Lubricant Additives Market 2024

Lubricant Additives Market Size in Poland

In 2021, the Polish lubricant additives market increased by 19% to $X, rising for the seventh year in a row after two years of decline. Over the period under review, consumption showed a prominent expansion. Over the period under review, the market hit record highs in 2021 and is expected to retain growth in years to come.

Lubricant Additives Production in Poland

In value terms, lubricant additives production reduced to $X in 2021 estimated in export price. Over the period under review, production showed a abrupt descent. The growth pace was the most rapid in 2020 when the production volume increased by 2.7% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Lubricant Additives Exports

Exports from Poland

In 2021, overseas shipments of prepared additives for mineral oils increased by 19% to X tons, rising for the second consecutive year after five years of decline. Overall, exports posted strong growth. The pace of growth was the most pronounced in 2013 with an increase of 373% against the previous year. Over the period under review, the exports hit record highs at X tons in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

In value terms, lubricant additives exports soared to $X in 2021. In general, exports recorded a buoyant increase. The pace of growth appeared the most rapid in 2013 when exports increased by 537% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

Latvia (X tons), Germany (X tons) and Hungary (X tons) were the main destinations of lubricant additives exports from Poland, with a combined 51% share of total exports. These countries were followed by Bulgaria, Russia, Ukraine, Slovakia, Spain, the Czech Republic, the UK, Sweden, Belarus and Italy, which together accounted for a further 36%.

From 2012 to 2021, the biggest increases were recorded for Spain (with a CAGR of +202.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Latvia ($X), Germany ($X) and Italy ($X) constituted the largest markets for lubricant additives exported from Poland worldwide, together comprising 40% of total exports. Hungary, Sweden, Bulgaria, Ukraine, Spain, Slovakia, Russia, the Czech Republic, the UK and Belarus lagged somewhat behind, together comprising a further 37%.

Spain, with a CAGR of +207.5%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average lubricant additives export price stood at $X per ton in 2021, increasing by 33% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 an increase of 34% against the previous year. Over the period under review, the average export prices reached the maximum 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 Italy ($X per ton), while the average price for exports to Russia ($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 Italy (+5.1%), while the prices for the other major destinations experienced more modest paces of growth.

Lubricant Additives Imports

Imports into Poland

For the fourth consecutive year, Poland recorded growth in supplies from abroad of prepared additives for mineral oils, which increased by 8.6% to X tons in 2021. In general, imports posted a remarkable increase. The pace of growth was the most pronounced in 2014 when imports increased by 30%. Over the period under review, imports reached the peak figure in 2021 and are expected to retain growth in years to come.

In value terms, lubricant additives imports skyrocketed to $X in 2021. Overall, imports enjoyed a resilient increase. The growth pace was the most rapid in 2014 with an increase of 27% against the previous year. Imports peaked in 2021 and are likely to see gradual growth in the immediate term.

Imports by Country

In 2021, Germany (X tons) constituted the largest lubricant additives supplier to Poland, accounting for a 61% share of total imports. Moreover, lubricant additives imports from Germany exceeded the figures recorded by the second-largest supplier, France (X tons), threefold. The third position in this ranking was taken by Hungary (X tons), with a 5.6% share.

From 2012 to 2021, the average annual growth rate of volume from Germany amounted to +16.0%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+3.4% per year) and Hungary (+40.7% per year).

In value terms, Germany ($X) constituted the largest supplier of prepared additives for mineral oils to Poland, comprising 56% of total imports. The second position in the ranking was taken by France ($X), with a 21% share of total imports. It was followed by Belgium, with a 4.7% share.

From 2012 to 2021, the average annual growth rate of value from Germany totaled +15.0%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+2.6% per year) and Belgium (-2.6% per year).

Import Prices by Country

The average lubricant additives import price stood at $X per ton in 2021, surging by 12% against the previous year. In general, the import price, however, saw a slight slump. Over the period under review, average import prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2021, 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 UK ($X per ton), while the price for Denmark ($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 (+2.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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