Report Update Nov 1, 2024

Uruguay - Additives for Lubricating Oils - Market Analysis, Forecast, Size, Trends and Insights

Single report

Sent by email within 24h (Mon-Fri)

$599 Basic Edition

$2095 Professional Edition

What's the difference?

Subscription

Online access and download

from $350/month

Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.

View Pricing

Uruguay: Lubricating Oil Additive Market 2024

Lubricating Oil Additive Market Size in Uruguay

The Uruguayan lubricating oil additive market declined to $X in 2021, reducing by -10.3% 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, consumption continues to indicate a abrupt shrinkage. As a result, consumption reached the peak level of $X. From 2014 to 2021, the growth of the market remained at a somewhat lower figure.

Lubricating Oil Additive Exports

Exports from Uruguay

In 2021, lubricating oil additive exports from Uruguay fell dramatically to X kg, waning by -31% compared with the previous year. In general, exports saw a perceptible decline. The most prominent rate of growth was recorded in 2020 when exports increased by 589%. As a result, the exports reached the peak of X kg, and then fell rapidly in the following year.

In value terms, lubricating oil additive exports declined significantly to $X in 2021. Overall, exports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when exports increased by 1,057% against the previous year. As a result, the exports reached the peak of $X, and then fell significantly in the following year.

Exports by Country

Chile (X kg) was the main destination for lubricating oil additive exports from Uruguay, with a approx. 99% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Chile amounted to -3.0%.

In value terms, Chile ($X) also remains the key foreign market for additives for lubricating oils exports from Uruguay.

From 2012 to 2021, the average annual rate of growth in terms of value to Chile amounted to -1.2%.

Export Prices by Country

In 2021, the average lubricating oil additive export price amounted to $X per ton, stabilizing at the previous year. Over the period under review, the export price, however, continues to indicate a pronounced expansion. The pace of growth appeared the most rapid in 2020 an increase of 68% against the previous year. As a result, the export price attained the peak level of $X per ton, and then fell modestly in the following year.

As there is only one major export destination, the average price level is determined by prices for Chile.

From 2012 to 2021, the rate of growth in terms of prices for Chile amounted to +1.9% per year.

Lubricating Oil Additive Imports

Imports into Uruguay

Lubricating oil additive imports into Uruguay declined modestly to X tons in 2021, therefore, remained relatively stable against 2020. Overall, imports showed a abrupt setback. The pace of growth was the most pronounced in 2013 when imports increased by 11%. As a result, imports attained the peak of X tons. From 2014 to 2021, the growth of imports remained at a lower figure.

In value terms, lubricating oil additive imports fell to $X in 2021. In general, imports showed a abrupt downturn. The pace of growth was the most pronounced in 2013 with an increase of 3.3% against the previous year. As a result, imports attained the peak of $X. From 2014 to 2021, the growth of imports remained at a lower figure.

Imports by Country

The United States (X tons), Belgium (X tons) and Argentina (X tons) were the main suppliers of lubricating oil additive imports to Uruguay, with a combined 69% share of total imports. Italy and France lagged somewhat behind, together comprising a further 3.9%.

From 2012 to 2021, the biggest increases were recorded for Italy (with a CAGR of +9.7%), while purchases for the other leaders experienced a decline.

In value terms, the United States ($X) constituted the largest supplier of additives for lubricating oils to Uruguay, comprising 44% of total imports. The second position in the ranking was held by Belgium ($X), with a 19% share of total imports. It was followed by Italy, with a 3.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the United States stood at -7.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (-15.2% per year) and Italy (+5.2% per year).

Import Prices by Country

The average lubricating oil additive import price stood at $X per ton in 2021, declining by -11.7% against the previous year. Overall, the import price recorded a mild decrease. The pace of growth appeared the most rapid in 2018 when the average import price increased by 15%. Over the period under review, average import prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (-0.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for additives for lubricating oils in the world?

China remains the largest lubricating oil additive consuming country worldwide, accounting for 22% of total volume. Moreover, lubricating oil additive consumption in China exceeded the figures recorded by the second-largest consumer, the United States, twofold. India ranked third in terms of total consumption with a 9% share.

What are the largest producers of additives for lubricating oils in the world?

The countries with the highest volumes of lubricating oil additive production in 2021 were China, the United States and France, with a combined 44% share of global production. India, Japan, Russia, Singapore, Brazil, Italy, Mexico, Belgium, Canada and South Korea lagged somewhat behind, together comprising a further 40%.

What are the leading suppliers of additives for lubricating oils to Uruguay?

In value terms, the United States, Belgium and France appeared to be the largest lubricating oil additive suppliers to Uruguay, with a combined 89% share of total imports.

What are the leading importers of additives for lubricating oils from Uruguay?

In value terms, Chile remains the key foreign market for lubricating oil additive exports from Uruguay.

What is the average export price for additives for lubricating oils in Uruguay?

In 2021, the average lubricating oil additive export price amounted to $6,176 per ton, waning by -19.1% against the previous year.

What is the average import price for additives for lubricating oils in Uruguay?

In 2021, the average lubricating oil additive import price amounted to $2,816 per ton, waning by -19.5% against the previous year.

This report provides an in-depth analysis of the lubricating oil additive market in Uruguay. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 20594270 - Additives for lubricating oils

Country coverage:

Uruguay

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Uruguay
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023