We use cookies to improve your experience and for marketing. Read our cookie policy or manage cookies.

Accept essential cookies
Accept all cookies
South Africa - Prepared Additives For Mineral Oils - Market Analysis, Forecast, Size, Trends and Insights
Report Update: Apr 1, 2024

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

Single report
Sent by email within 24h (Mon-Fri)
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
Article Publishing Date: May 16, 2023

South Africa's Lubricant Additives Price Peaks at $4,590 per Ton

South Africa Lubricant Additives Import Price in February 2023

In February 2023, the lubricant additives price stood at $4,590 per ton (CIF, South Africa), surging by 4.3% against the previous month. Over the period from February 2022 to February 2023, it increased at an average monthly rate of +2.6%. The most prominent rate of growth was recorded in December 2022 when the average import price increased by 26% m-o-m. The import price peaked in February 2023.

Prices varied noticeably by the country of origin: the country with the highest price was the United States ($6,103 per ton), while the price for India ($3,406 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 Saudi Arabia (+19.9%), while the prices for the other major suppliers experienced more modest paces of growth.

COUNTRYImport Price of Lubricant Additives in South Africa (USD per ton)
Feb 2022Mar 2022Apr 2022May 2022Jun 2022Jul 2022Aug 2022Sep 2022Oct 2022Nov 2022Dec 2022Jan 2023Feb 2023
United States4,4243,7134,8264,0995,5764,2714,4473,9914,7591,8614,6295,5016,103
Italy3,6844,5233,8143,9704,2064,2484,9234,5714,3946,0534,7685,7185,368
France3,1144,0303,4012,9173,2683,4173,8253,9293,5964,6214,7214,3404,901
Belgium3,1723,6753,3143,4363,5513,6873,8263,6443,9033,8753,8264,8124,144
Denmark3,57413,9524,1354,4154,0693,9665,3714,0353,9764,1585,0144,6334,005
Singapore3,5242,8663,1573,2853,4563,4053,1184,9963,8623,7213,4793,6363,466
Germany5,7773,0142,9003,8383,1933,2683,3444,0837,9664,0563,1193,6753,420
India3,2033,6854,1903,7493,2873,7293,3503,9513,7963,3782,8653,8693,406
Saudi Arabia938877895880N/A8959238178154,787N/AN/AN/A
Average3,3543,4983,3913,4633,6733,5713,7903,6913,8473,2074,0534,3994,590

South Africa Lubricant Additives Imports

In February 2023, purchases abroad of prepared additives for mineral oils decreased by -6% to 3.9K tons, falling for the third consecutive month after two months of growth. Overall, imports saw a pronounced decline. The most prominent rate of growth was recorded in November 2022 with an increase of 81% month-to-month. As a result, imports attained the peak of 8K tons. From December 2022 to February 2023, the growth of imports remained at a lower figure.

In value terms, lubricant additives imports shrank slightly to $18M (IndexBox estimates) in February 2023. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in November 2022 with an increase of 51% month-to-month. As a result, imports reached the peak of $26M. From December 2022 to February 2023, the growth of imports remained at a lower figure.

Join Us at HANNOVER MESSE 2024

Don’t miss your chance to connect with us directly. Schedule a personal meeting to dive deeper into how solutions.
Hall 002, Stand C10. 22 - 26 April 2024 | Hannover, Germany

Book Your Meeting
HANNOVER MESSE 2024

South Africa Lubricant Additives Imports by Country

France (787 tons), the United States (708 tons) and Singapore (574 tons) were the main suppliers of lubricant additives imports to South Africa, with a combined 53% share of total imports.

From February 2022 to February 2023, the biggest increases were in Singapore (with a CAGR of +11.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United States ($4.3M), France ($3.9M) and Italy ($2.1M) appeared to be the largest lubricant additives suppliers to South Africa, together accounting for 58% of total imports. These countries were followed by Singapore, Belgium, Germany, Denmark and India, which together accounted for a further 37%.

Among the main suppliers, Singapore, with a CAGR of +11.2%, 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.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the lubricant additives market in South Africa. 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:

  • South Africa

Data coverage:

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

Recommended posts

Import of Additives for Lubricants Surges to $1.2M in October 2023 in Qatar
Feb 23, 2024
Eye 124
The World's Best Import Markets for Lubricant Additives
Dec 26, 2023
Eye 236
Indian Import of Lubricant Additive Drops to $23M in September 2023
Dec 18, 2023
Eye 111
Australia's Import of Lubricant Additives Sees a 7% Increase to $17M in August 2023
Nov 1, 2023
Eye 232
Free Data: Prepared Additives For Mineral Oils - South Africa
Table
Prepared Additives For Mineral Oils - South Africa - Table
Dashboard
Prepared Additives For Mineral Oils - South Africa - Dashboard
Report
Prepared Additives For Mineral Oils - South Africa - Report