Uzbekistan: Lubricating Oil Additive Market 2024

Lubricating Oil Additive Market Size in Uzbekistan

The Uzbek lubricating oil additive market fell to $X in 2021, with a decrease of -4.2% against the previous year. The market value increased at an average annual rate of +3.5% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. 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 Uzbekistan

In value terms, lubricating oil additive production dropped slightly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.6% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2014 with an increase of 28%. Lubricating oil additive production peaked at $X in 2018; however, from 2019 to 2021, production remained at a lower figure.

Lubricating Oil Additive Exports

Exports from Uzbekistan

In 2020, the amount of additives for lubricating oils exported from Uzbekistan declined notably to X tons, which is down by -37.2% against the previous year. Over the period under review, exports continue to indicate a significant decrease. The exports peaked at X tons in 2019, and then dropped notably in the following year.

In value terms, lubricating oil additive exports fell rapidly to $X in 2020. Overall, exports showed a significant decline. The exports peaked at $X in 2019, and then fell dramatically in the following year.

Exports by Country

Tajikistan (X tons) and Russia (X tons) were the main destinations of lubricating oil additive exports from Uzbekistan.

From 2019 to 2020, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Russia (with a CAGR of 0.0%).

In value terms, the largest markets for lubricating oil additive exported from Uzbekistan were Tajikistan ($X) and Russia ($X).

In terms of the main countries of destination, Russia, with a CAGR of 0.0%, recorded the highest growth rate of the value of exports, over the period under review.

Export Prices by Country

In 2020, the average lubricating oil additive export price amounted to $X per ton, jumping by 16% against the previous year. Over the period from 2019 to 2020, it increased at an average annual rate of +16.0%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably for the major foreign markets. In 2020, amid the top suppliers, the country with the highest price was Russia ($X per ton), while the average price for exports to Tajikistan stood at $X per ton.

From 2019 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Tajikistan (+12.8%).

Lubricating Oil Additive Imports

Imports into Uzbekistan

In 2021, approx. X tons of additives for lubricating oils were imported into Uzbekistan; rising by 44% against the previous year. The total import volume increased at an average annual rate of +5.6% over the period from 2017 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, lubricating oil additive imports skyrocketed to $X in 2021. In general, total imports indicated prominent growth from 2017 to 2021: its value increased at an average annual rate of +5.0% over the last four-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, imports attained the peak figure at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

China (X tons), Russia (X tons) and France (X tons) were the main suppliers of lubricating oil additive imports to Uzbekistan, with a combined 79% share of total imports.

From 2017 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by France (with a CAGR of +21.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest lubricating oil additive suppliers to Uzbekistan were China ($X), Russia ($X) and France ($X), with a combined 79% share of total imports. These countries were followed by Bulgaria, South Korea, Belgium, Lithuania and Belarus, which together accounted for a further 8.8%.

Lithuania, with a CAGR of +34.5%, saw the highest rates of growth with regard to 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, rising by 10% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2018 an increase of 13% against the previous year. As a result, import price attained the peak level of $X per ton. From 2019 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 Bulgaria ($X per ton), while the price for Lithuania ($X per ton) was amongst the lowest.

From 2017 to 2021, the most notable rate of growth in terms of prices was attained by Lithuania (+19.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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