Report Update: May 4, 2024

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

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Lubricant Additives Price in Thailand - 2023

Lubricant Additives Price in Thailand (CIF) - 2023

In September 2023, the average lubricant additives import price amounted to $4,477 per ton, growing by 1.7% against the previous month. Over the period under review, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in July 2023 an increase of 7.6% month-to-month. The import price peaked at $5,082 per ton in January 2023; however, from February 2023 to September 2023, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was the United States ($7,619 per ton), while the price for Germany ($2,917 per ton) was amongst the lowest.

From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by the United States (+1.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Lubricant Additives Price in Thailand (FOB) - 2022

In 2022, the average lubricant additives export price amounted to $2,201 per ton, surging by 59% against the previous year. Over the period under review, the export price, however, showed a perceptible reduction. Over the period under review, the average export prices hit record highs at $3,487 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Singapore ($5,259 per ton), while the average price for exports to Myanmar ($1,350 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 Singapore (+4.1%), while the prices for the other major destinations experienced more modest paces of growth.

Lubricant Additives Imports in Thailand

In 2022, approx. 78K tons of prepared additives for mineral oils were imported into Thailand; approximately reflecting the year before. The total import volume increased at an average annual rate of +5.9% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 13%. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the near future.

In value terms, lubricant additives imports skyrocketed to $358M in 2022. Overall, total imports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +13.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +45.7% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Import of Lubricant Additives in Thailand (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Singapore	108	110	137	176	17.7%
United States	47.6	44.0	48.3	61.3	8.8%
Japan	27.1	27.6	26.7	29.0	2.3%
Belgium	11.8	11.3	12.3	23.6	26.0%
China	14.0	17.5	17.0	20.0	12.6%
Germany	9.2	11.9	10.7	13.9	14.7%
United Kingdom	5.3	4.6	6.0	5.3	0.0%
Others	23.2	20.4	23.7	29.5	8.3%
Total	246	248	282	358	13.3%

Top Suppliers of Lubricant Additives to Thailand in 2022:

Singapore (43.0K tons)
United States (8.7K tons)
Belgium (6.3K tons)
Japan (4.4K tons)
China (4.2K tons)
Germany (3.5K tons)
United Kingdom (1.4K tons)

Lubricant Additives Exports in Thailand

In 2022, the amount of prepared additives for mineral oils exported from Thailand fell sharply to 5.6K tons, waning by -48.4% compared with the previous year's figure. Over the period under review, exports, however, recorded a modest expansion. The growth pace was the most rapid in 2021 when exports increased by 154%. As a result, the exports attained the peak of 11K tons, and then reduced notably in the following year.

In value terms, lubricant additives exports shrank notably to $12M in 2022. In general, exports recorded a deep reduction. The most prominent rate of growth was recorded in 2021 when exports increased by 56% against the previous year.

Export of Lubricant Additives in Thailand (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Pakistan	5.1	2.9	2.6	2.2	-24.4%
Cambodia	1.5	1.1	1.7	1.8	6.3%
Vietnam	1.6	1.1	0.9	1.3	-6.7%
Myanmar	0.3	0.7	3.1	1.2	58.7%
China	3.3	1.1	1.6	1.1	-30.7%
Malaysia	0.6	0.7	1.8	1.0	18.6%
Singapore	0.5	0.2	0.7	0.8	17.0%
Indonesia	0.4	0.2	0.6	0.8	26.0%
Sri Lanka	N/A	N/A	N/A	0.7	0%
India	1.8	0.3	0.3	0.3	-45.0%
Japan	0.4	0.2	0.3	0.3	-9.1%
Others	1.4	1.0	1.3	0.9	-13.7%
Total	16.8	9.6	15.0	12.2	-10.1%

Top Export Markets for Lubricant Additives from Thailand in 2022:

Pakistan (1296.0 tons)
Myanmar (890.8 tons)
Cambodia (883.2 tons)
Malaysia (451.6 tons)
Vietnam (400.3 tons)
Sri Lanka (387.0 tons)
China (369.9 tons)
Indonesia (298.9 tons)
Singapore (143.3 tons)
Japan (97.8 tons)
India (43.4 tons)

Source: IndexBox Market Intelligence Platform

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

Thailand

Data coverage:

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