Report Update: May 4, 2024

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

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Lubricant Additives Price in Croatia - 2023

Lubricant Additives Price in Croatia (CIF) - 2022

In 2022, the average lubricant additives import price amounted to $5,179 per ton, growing by 18% against the previous year. Overall, import price indicated moderate growth from 2012 to 2022: its price increased at an average annual rate of +2.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, lubricant additives import price increased by +78.5% against 2016 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($8,916 per ton), while the price for Slovenia ($2,798 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+8.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Lubricant Additives Price in Croatia (FOB) - 2023

The average lubricant additives export price stood at $10,490 per ton in July 2023, with an increase of 36% against the previous month. Over the period under review, export price indicated a temperate expansion from July 2022 to July 2023: its price increased at an average monthly rate of +3.4% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on July 2023 figures, lubricant additives export price increased by +56.3% against April 2023 indices. The pace of growth appeared the most rapid in January 2023 an increase of 47% m-o-m. As a result, the export price attained the peak level of $11,959 per ton. From February 2023 to July 2023, the the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In July 2023, the country with the highest price was Serbia ($24,263 per ton), while the average price for exports to Turkey ($4,245 per ton) was amongst the lowest.

From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Norway (+6.6%), while the prices for the other major destinations experienced more modest paces of growth.

Lubricant Additives Imports in Croatia

In 2022, the amount of prepared additives for mineral oils imported into Croatia stood at 2K tons, surging by 4.4% compared with the previous year. In general, imports, however, recorded a pronounced setback. The pace of growth appeared the most rapid in 2021 with an increase of 13% against the previous year.

In value terms, lubricant additives imports surged to $10M in 2022. Overall, total imports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +12.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +64.9% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 33% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

Import of Lubricant Additives in Croatia (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Belgium	1,526	1,260	2,001	2,843	23.0%
France	2,027	1,771	1,981	2,008	-0.3%
Netherlands	584	506	694	1,334	31.7%
Germany	533	523	1,175	1,038	24.9%
Hungary	1,143	549	650	1,018	-3.8%
Slovenia	309	437	429	686	30.5%
Poland	158	61.8	282	206	9.2%
Norway	N/A	N/A	155	98.4	-36.5%
Others	898	1,058	849	934	1.3%
Total	7,179	6,166	8,215	10,165	12.3%

Top Suppliers of Lubricant Additives to Croatia in 2022:

Belgium (458.1 tons)
France (363.9 tons)
Netherlands (276.7 tons)
Slovenia (245.1 tons)
Hungary (237.8 tons)
Germany (124.7 tons)
Poland (62.8 tons)
Norway (43.3 tons)

Lubricant Additives Exports in Croatia

In 2022, the amount of prepared additives for mineral oils exported from Croatia was estimated at 756 tons, surging by 1.5% compared with the year before. Over the period under review, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by 7.6% against the previous year.

In value terms, lubricant additives exports soared to $5.4M in 2022. Overall, total exports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +16.7% 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 +62.7% against 2020 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 37%. The exports peaked in 2022 and are likely to see steady growth in the near future.

Export of Lubricant Additives in Croatia (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Bosnia and Herzegovina	1,013	871	1,170	1,648	17.6%
North Macedonia	760	590	879	862	4.3%
Slovenia	302	390	991	667	30.2%
Serbia	593	459	408	608	0.8%
Romania	10.1	19.6	59.0	501	267.4%
Italy	69.8	91.5	126	157	31.0%
Turkey	0.4	36.3	3.1	107	544.3%
Austria	52.4	35.7	71.2	77.1	13.7%
Hungary	176	91.8	117	60.3	-30.0%
Others	442	759	742	751	19.3%
Total	3,418	3,343	4,565	5,438	16.7%

Top Export Markets for Lubricant Additives from Croatia in 2022:

Bosnia and Herzegovina (291.1 tons)
Romania (101.6 tons)
Serbia (93.6 tons)
Slovenia (66.7 tons)
North Macedonia (54.0 tons)
Italy (21.8 tons)
Turkey (19.7 tons)
Austria (15.0 tons)
Hungary (15.0 tons)

Source: IndexBox Market Intelligence Platform

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

Croatia

Data coverage:

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

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. 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. 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. 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. 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. 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. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
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
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