Report Update: May 1, 2024

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

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Lubricant Additives Price in South Africa - 2023

Lubricant Additives Price in South Africa (CIF) - 2023

In July 2023, the average lubricant additives import price amounted to $4,057 per ton, leveling off at the previous month. Over the last twelve-month period, it increased at an average monthly rate of +1.1%. The growth pace was the most rapid in December 2022 when the average import price increased by 26% month-to-month. The import price peaked at $4,714 per ton in April 2023; however, from May 2023 to July 2023, import prices failed to regain momentum.

Prices varied noticeably by the country of origin: the country with the highest price was Denmark ($10,657 per ton), while the price for Singapore ($3,151 per ton) was amongst the lowest.

From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+52.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Lubricant Additives Price in South Africa (FOB) - 2022

The average lubricant additives export price stood at $3,738 per ton in 2022, reducing by -2.6% against the previous year. Over the last decade, it increased at an average annual rate of +4.0%. The growth pace was the most rapid in 2013 when the average export price increased by 58% against the previous year. Over the period under review, the average export prices attained the peak figure at $4,324 per ton in 2015; however, from 2016 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 Namibia ($5,706 per ton), while the average price for exports to Mali ($1,663 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 Namibia (+5.7%), while the prices for the other major destinations experienced more modest paces of growth.

Lubricant Additives Imports in South Africa

Lubricant additives imports into South Africa surged to 60K tons in 2022, with an increase of 17% on the previous year's figure. The total import volume increased at an average annual rate of +6.0% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, lubricant additives imports skyrocketed to $214M in 2022. The total import value increased at an average annual rate of +7.8% over the period 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 South Africa (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
France	36.1	28.6	31.0	47.5	9.6%
United States	38.5	43.3	33.8	41.7	2.7%
Belgium	29.8	26.0	22.6	40.8	11.0%
Singapore	12.1	14.1	16.6	22.3	22.6%
Italy	17.4	12.2	15.0	19.4	3.7%
Germany	13.1	10.8	15.4	17.6	10.3%
Netherlands	8.0	7.0	2.4	2.4	-33.1%
Saudi Arabia	N/A	0.7	1.7	2.3	81.3%
United Kingdom	4.6	3.6	3.9	2.3	-20.6%
Others	11.4	13.0	19.4	18.0	16.4%
Total	171	159	162	214	7.8%

Top Suppliers of Lubricant Additives to South Africa in 2022:

France (13.0K tons)
United States (11.4K tons)
Belgium (11.2K tons)
Singapore (6.7K tons)
Germany (5.2K tons)
Italy (4.2K tons)
Saudi Arabia (2.6K tons)
Netherlands (0.5K tons)
United Kingdom (0.5K tons)

Lubricant Additives Exports in South Africa

In 2022, overseas shipments of prepared additives for mineral oils were finally on the rise to reach 4.1K tons after two years of decline. Over the period under review, exports, however, saw a relatively flat trend pattern.

In value terms, lubricant additives exports skyrocketed to $15M in 2022. The total export value increased at an average annual rate of +4.6% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Export of Lubricant Additives in South Africa (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Kenya	1,398	3,549	2,680	4,472	47.3%
Tanzania	1,076	1,033	1,326	2,278	28.4%
Zambia	2,770	533	1,046	2,000	-10.3%
United Kingdom	360	444	563	813	31.2%
Botswana	1,042	752	766	776	-9.4%
Mozambique	612	760	837	681	3.6%
Nigeria	647	1,584	430	610	-1.9%
Mali	1.2	26.6	49.6	490	641.9%
Angola	64.8	560	596	346	74.8%
Togo	95.0	66.2	202	345	53.7%
Zimbabwe	684	565	340	229	-30.6%
France	920	267	62.4	25.0	-69.9%
Egypt	N/A	1,166	N/A	N/A	0%
Others	3,779	3,102	4,025	2,307	-15.2%
Total	13,450	14,408	12,923	15,374	4.6%

Top Export Markets for Lubricant Additives from South Africa in 2022:

Kenya (1027.3 tons)
Tanzania (734.6 tons)
Zambia (552.8 tons)
Nigeria (362.6 tons)
Mali (295.0 tons)
Botswana (171.4 tons)
United Kingdom (161.2 tons)
Mozambique (137.5 tons)
Togo (126.9 tons)
Angola (95.1 tons)
Zimbabwe (63.2 tons)
France (2.9 tons)

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:

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