Which Country Exports the Most Prepared Additives For Mineral Oils in the World?
Other Household Сhemicals May 28, 2018
In 2016, approx. 3.2M tonnes of lubricant additives were exported worldwide; leveling off at the previous year figure. In general, lubricant additives exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2010, when export increased by 14% y-o-y. Global lubricant additives export peaked of 3.3M tonnes in 2014; however, from 2015 to 2016, it stood at a somewhat lower level.
In value terms, lubricant additives exports totaled $11B in 2016. The total export value increased at an average annual rate of +3.9% from 2007 to 2016; the trend pattern indicated some noticeable fluctuations in certain years. Over the period under review, global lubricant additives exports attained its maximum level of $12B in 2014; however, from 2015 to 2016, it stood at a somewhat lower level.
Top Lubricant Additives Exporting Countries in the World
1. USA (3.1 billion USD)
2. France (2.3 billion USD)
3. Singapore (1.9 billion USD)
4. Italy (1.0 billion USD)
5. Germany (0.8 billion USD)
6. Belgium (0.3 billion USD)
7. Netherlands (0.2 billion USD)
Lubricant Additives Exports By Country
The exports of the three major exporters of lubricant additives, namely the U.S., France, and Singapore, represented more than half of total export. It was distantly followed by Italy (285K tonnes), and Germany (258K tonnes), together committing 17% share of total lubricant additives exports. The following exporters - Belgium (85K tonnes), and the Netherlands (50K tonnes) together made up 4% of total exports.
From 2007 to 2016, the most notable growth rate of lubricant additives exports, among the main exporting countries, was attained by Singapore (+4.4% per year), while the other global leaders experienced more modest paces of growth.
In value terms, the largest lubricant additives markets worldwide were the U.S. ($3.1B), France ($2.3B) and Singapore ($1.9B), together accounting for 66% of global exports.
Singapore (+8.9% per year) had the highest rates of growth with regard to the lubricant additives exports, in terms of the main exporting countries, over the last 9 years, while the other global leaders experienced more modest paces of growth.
Lubricant Additives Export Prices By Country
The average lubricant additives export price stood at $3,431 per tonne in 2016, going up by 3% against the previous year. Over the last nine years it increased at an average annual rate of +3.7%.The pace of growth was the most pronounced in 2008, when it surged by 17% year-to-year. Over the period under review, average lubricant additives export price attained its maximum level of $3,642 per tonne in 2013; however, from 2014 to 2016, it stood at a somewhat lower level.
Average export prices varied somewhat amongst major exporting countries. In 2016, major exporting countries recorded the following export prices: in the Netherlands ($3,966 per tonne) and the U.S. ($3,768 per tonne), while Germany ($3,165 per tonne) and France ($3,298 per tonne) were among the lowest.
From 2007 to 2016, the most notable growth rate of lubricant additives export prices was attained by the Netherlands (+7.5% per year), while the other global leaders experienced more modest paces of growth.
Do you want to know more about global lubricant additives market? Get the latest trends and insight from our report. It includes a wide range of statistics on
- lubricant additives market share
- lubricant additives prices
- lubricant additives industry
- lubricant additives sales
- lubricant additives import
- lubricant additives export
- lubricant additives market forecast
- lubricant additives price forecast
- key lubricant additives producers
All data provided in this article covers the following product: HS Code 3811 - Anti-knock preparations, oxidation and gum inhibitors, viscosity improvers, anti-corrosive preparations and the like, for mineral oils (including gasoline) or other liquids used for the same purposes.
Source: World: Prepared Additives For Mineral Oils - Market Report. Analysis and Forecast to 2025
