Canada - Prepared Additives For Mineral Oils - Market Analysis, Forecast, Size, Trends and Insights
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View PricingLubricant Additives Price in Canada - 2023
Contents:
- Lubricant Additives Price in Canada (CIF) - 2023
- Lubricant Additives Price in Canada (FOB) - 2023
- Lubricant Additives Imports in Canada
- Lubricant Additives Exports in Canada
Lubricant Additives Price in Canada (CIF) - 2023
In June 2023, the average lubricant additives import price amounted to $4,988 per ton, increasing by 6.3% against the previous month. Over the period under review, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in April 2023 when the average import price increased by 17% m-o-m. As a result, import price attained the peak level of $5,305 per ton. From May 2023 to June 2023, the average import prices remained at a lower figure.
Average prices varied somewhat amongst the major supplying countries. In June 2023, the country with the highest price was Germany ($6,873 per ton), while the price for the United States amounted to $4,911 per ton.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Germany (+1.9%).
Lubricant Additives Price in Canada (FOB) - 2023
The average lubricant additives export price stood at $4,210 per ton in June 2023, which is down by -1.9% against the previous month. In general, the export price saw a deep contraction. The pace of growth was the most pronounced in August 2022 an increase of 15% against the previous month. Over the period under review, the average export prices attained the peak figure at $18,249 per ton in June 2022; however, from July 2022 to June 2023, the export prices remained at a lower figure.
Average prices varied somewhat for the major external markets. In June 2023, the countries with the highest prices were the United States ($4,485 per ton) and Japan ($3,755 per ton), while the average price for exports to Singapore ($3,210 per ton) and the Netherlands ($3,284 per ton) were amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to Saudi Arabia (+2.8%), while the prices for the other major destinations experienced more modest paces of growth.
Lubricant Additives Imports in Canada
In 2022, imports of prepared additives for mineral oils into Canada expanded to 97K tons, with an increase of 4.9% compared with 2021. Overall, imports, however, saw a mild descent.
In value terms, lubricant additives imports surged to $441M in 2022. The total import value increased at an average annual rate of +9.0% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Lubricant Additives in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 321 | 293 | 320 | 417 | 9.1% |
| Others | 19.5 | 14.7 | 20.0 | 23.6 | 6.6% |
| Total | 340 | 308 | 340 | 441 | 9.1% |
Top Suppliers of Lubricant Additives to Canada in 2022:
- United States (93.2K tons)
Lubricant Additives Exports in Canada
In 2022, the amount of prepared additives for mineral oils exported from Canada rose to 54K tons, with an increase of 3.1% compared with the previous year. The total export volume increased at an average annual rate of +6.7% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when exports increased by 26%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.
In value terms, lubricant additives exports surged to $214M in 2022. Overall, total exports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +13.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +63.0% against 2020 indices. The growth pace was the most rapid in 2021 when exports increased by 33%. Over the period under review, the exports attained the maximum in 2022 and are likely to see steady growth in years to come.
| Export of Lubricant Additives in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 112 | 95.0 | 125 | 159 | 12.4% |
| Japan | 11.9 | 10.0 | 12.6 | 12.4 | 1.4% |
| Singapore | 1.9 | 2.5 | 9.7 | 8.6 | 65.4% |
| Saudi Arabia | 1.5 | 4.3 | 4.2 | 6.2 | 60.5% |
| South Korea | 2.3 | 3.0 | 4.1 | 4.8 | 27.8% |
| China | 3.0 | 3.7 | 4.6 | 4.7 | 16.1% |
| Netherlands | 1.3 | 1.4 | 2.3 | 3.8 | 43.0% |
| Others | 14.3 | 11.7 | 12.9 | 14.4 | 0.2% |
| Total | 148 | 132 | 175 | 214 | 13.1% |
Top Export Markets for Lubricant Additives from Canada in 2022:
- United States (39.1K tons)
- Japan (2.9K tons)
- Singapore (2.7K tons)
- Saudi Arabia (1.6K tons)
- China (1.2K tons)
- South Korea (1.1K tons)
- Netherlands (0.9K tons)
This report provides an in-depth analysis of the lubricant additives market in Canada. 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:
- Canada
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Canada
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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This report provides an in-depth analysis of the lubricant additives market in Canada.
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This report provides an in-depth analysis of the lubricant additives market in Canada.
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This report provides an in-depth analysis of the lubricating oil additive market in Canada.
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This report provides an in-depth analysis of the anti-knock preparations market in Canada.
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This report provides an in-depth analysis of the global lubricant additives market.
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