Russian Federation: Lubricant Additives Market 2024

Lubricant Additives Market Size in the Russian Federation

In 2021, the Russian lubricant additives market was finally on the rise to reach $X after three years of decline. In general, consumption, however, showed a mild decrease. As a result, consumption reached the peak level of $X. From 2014 to 2021, the growth of the market remained at a lower figure.

Lubricant Additives Production in the Russian Federation

In value terms, lubricant additives production contracted to $X in 2021 estimated in export price. Overall, production saw a deep reduction. The most prominent rate of growth was recorded in 2017 when the production volume increased by 23% against the previous year. Lubricant additives production peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Lubricant Additives Exports

Exports from the Russian Federation

In 2021, after two years of decline, there was growth in overseas shipments of prepared additives for mineral oils, when their volume increased by 3.6% to X tons. Overall, total exports indicated prominent growth from 2012 to 2021: its volume increased at an average annual rate of +9.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2013 with an increase of 64%. Over the period under review, the exports hit record highs at X tons in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

In value terms, lubricant additives exports skyrocketed to $X in 2021. In general, exports continue to indicate a resilient expansion. The most prominent rate of growth was recorded in 2017 when exports increased by 49%. The exports peaked in 2021 and are expected to retain growth in the near future.

Exports by Country

Belarus (X tons), Kazakhstan (X tons) and Turkmenistan (X tons) were the main destinations of lubricant additives exports from Russia, together comprising 74% of total exports. Lithuania, Uzbekistan, Belgium and Ukraine lagged somewhat behind, together accounting for a further 19%.

From 2012 to 2021, the biggest increases were recorded for Belgium (with a CAGR of +135.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Belarus ($X), Kazakhstan ($X) and Turkmenistan ($X) constituted the largest markets for lubricant additives exported from Russia worldwide, with a combined 65% share of total exports. These countries were followed by Lithuania, Uzbekistan, Belgium and Ukraine, which together accounted for a further 24%.

Belgium, with a CAGR of +120.9%, saw the highest growth rate of 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

In 2021, the average lubricant additives export price amounted to $X per ton, growing by 37% against the previous year. In general, the export price, however, saw a relatively flat trend pattern. 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 Belgium ($X per ton), while the average price for exports to Belarus ($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 Turkmenistan (+6.7%), while the prices for the other major destinations experienced mixed trend patterns.

Lubricant Additives Imports

Imports into the Russian Federation

In 2021, the amount of prepared additives for mineral oils imported into Russia expanded slightly to X tons, growing by 3.2% against 2020. Overall, total imports indicated a resilient expansion from 2012 to 2021: its volume increased at an average annual rate of +8.1% 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 +100.9% against 2012 indices. The pace of growth was the most pronounced in 2019 with an increase of 21%. Over the period under review, imports attained the peak figure in 2021 and are likely to see steady growth in years to come.

In value terms, lubricant additives imports expanded rapidly to $X in 2021. Over the period under review, total imports indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +5.7% 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 +65.2% against 2012 indices. The most prominent rate of growth was recorded in 2015 with an increase of 19% against the previous year. Imports peaked in 2021 and are expected to retain growth in years to come.

Imports by Country

France (X tons), Germany (X tons) and Italy (X tons) were the main suppliers of lubricant additives imports to Russia, together comprising 64% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Italy (with a CAGR of +17.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, France ($X), Germany ($X) and Italy ($X) were the largest lubricant additives suppliers to Russia, together accounting for 64% of total imports.

Among the main suppliers, Italy, with a CAGR of +15.5%, saw the highest growth rate of the value of imports, 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 lubricant additives import price amounted to $X per ton, increasing by 8% against the previous year. Overall, the import price, however, saw a noticeable decrease. The import price peaked at $X per ton in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

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 United States ($X per ton), while the price for Belarus ($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 UK (+0.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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