Pakistan - Prepared Additives For Mineral Oils - Market Analysis, Forecast, Size, Trends and Insights
Report Update: Apr 1, 2024

Pakistan - Prepared Additives For Mineral Oils - Market Analysis, Forecast, Size, Trends and Insights

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Lubricant Additives Price in Pakistan - 2023

Contents:

  1. Lubricant Additives Price in Pakistan (CIF) - 2023
  2. Lubricant Additives Price in Pakistan (FOB) - 2022
  3. Lubricant Additives Imports in Pakistan
  4. Lubricant Additives Exports in Pakistan

Lubricant Additives Price in Pakistan (CIF) - 2023

The average lubricant additives import price stood at $2,352 per ton in February 2023, waning by -7% against the previous month. In general, the import price saw a pronounced curtailment. The most prominent rate of growth was recorded in November 2022 when the average import price increased by 12% against the previous month. Over the period under review, average import prices attained the peak figure at $3,255 per ton in April 2022; however, from May 2022 to February 2023, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was Germany ($3,213 per ton), while the price for China ($1,904 per ton) was amongst the lowest.

From February 2022 to February 2023, the most notable rate of growth in terms of prices was attained by Thailand (+3.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Lubricant Additives Price in Pakistan (FOB) - 2022

In 2022, the average lubricant additives export price amounted to $4,454 per ton, waning by -31.4% against the previous year. Over the period under review, the export price saw a abrupt contraction. The pace of growth appeared the most rapid in 2019 an increase of 91% against the previous year. Over the period under review, the average export prices reached the maximum at $10,129 per ton in 2012; however, from 2013 to 2022, 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 the United States ($11,949 per ton), while the average price for exports to Ethiopia ($1,208 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+13.6%), while the prices for the other major destinations experienced more modest paces of growth.

Lubricant Additives Imports in Pakistan

Lubricant additives imports into Pakistan skyrocketed to 33K tons in 2022, jumping by 45% on the previous year's figure. Over the period under review, total imports indicated a significant increase from 2019 to 2022: its volume increased at an average annual rate of +22.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +83.8% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, lubricant additives imports soared to $92M in 2022. In general, total imports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +14.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +48.6% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Import of Lubricant Additives in Pakistan (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Singapore36.930.737.250.711.2%
Belgium1.34.02.67.377.7%
United States5.88.89.36.43.3%
France3.95.14.35.914.8%
China2.93.93.75.120.7%
United Arab Emirates4.23.43.54.95.3%
Others6.65.88.811.520.3%
Total61.661.769.491.614.1%

Top Suppliers of Lubricant Additives to Pakistan in 2022:

  1. Singapore (20.7K tons)
  2. Belgium (2.2K tons)
  3. China (2.0K tons)
  4. United Arab Emirates (1.8K tons)
  5. France (1.6K tons)
  6. United States (1.6K tons)

Lubricant Additives Exports in Pakistan

In 2022, lubricant additives exports from Pakistan surged to 24 tons, with an increase of 24% on the previous year's figure. Over the period under review, exports continue to indicate significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 173%. The exports peaked in 2022 and are likely to continue growth in the near future.

In value terms, lubricant additives exports fell to $108K in 2022. In general, exports enjoyed a significant expansion. The pace of growth was the most pronounced in 2020 when exports increased by 73% against the previous year.

Export of Lubricant Additives in Pakistan (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
United States22.540.562.151.331.6%
United Arab Emirates8.15.024.017.729.8%
EgyptN/AN/AN/A10.40%
Philippines2.13.13.82.67.4%
Ethiopia0.91.72.72.438.7%
Vietnam0.20.73.22.3125.7%
Thailand0.30.63.12.397.2%
Oman9.38.66.81.7-43.2%
Taiwan (Chinese)N/A15.1N/AN/A0%
Others8.013.720.616.928.3%
Total51.488.812610828.1%

Top Export Markets for Lubricant Additives from Pakistan in 2022:

  1. United Arab Emirates (8.9 tons)
  2. Egypt (5.1 tons)
  3. United States (4.3 tons)
  4. Ethiopia (2.0 tons)
  5. Vietnam (0.8 tons)
  6. Thailand (0.8 tons)
  7. Oman (0.5 tons)
  8. Philippines (0.4 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the lubricant additives market in Pakistan. 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 20594250 - Anti-knock preparations
  • Prodcom 20594270 - Additives for lubricating oils
  • Prodcom 20594290 - Additives for mineral oils or for other liquids used for the same purpose as mineral oils (including gasoline) (excluding anti-knock preparations, additives for lubricating oils)

Country coverage:

  • Pakistan

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Trade (exports and imports) in Pakistan
  • 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:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. 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. 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. 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. 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. 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. 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. 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. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY
  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY
  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
  11. 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
  12. 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
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