Angola - Additives For Lubricating Oils - Market Analysis, Forecast, Size, Trends And Insights
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View PricingLubricating Oil Additive Price in Angola - 2022
Contents:
- Lubricating Oil Additive Price in Angola (CIF) - 2022
- Lubricating Oil Additive Price in Angola (FOB) - 2022
- Lubricating Oil Additive Imports in Angola
- Lubricating Oil Additive Exports in Angola
Lubricating Oil Additive Price in Angola (CIF) - 2022
In 2022, the average lubricating oil additive import price amounted to $4,962 per ton, approximately mirroring the previous year. In general, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in 2020 when the average import price increased by 31%. As a result, import price attained the peak level of $6,319 per ton. From 2021 to 2022, the average import prices failed to regain momentum.
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 Portugal ($6,884 per ton), while the price for South Africa ($3,080 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+7.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Lubricating Oil Additive Price in Angola (FOB) - 2022
In 2021, the average lubricating oil additive export price amounted to $4,148 per ton, falling by -19% against the previous year. Overall, the export price recorded a abrupt downturn. The pace of growth was the most pronounced in 2016 an increase of 879%. As a result, the export price reached the peak level of $64,181 per ton. From 2017 to 2021, the average export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for South Africa.
From 2015 to 2021, the rate of growth in terms of prices for Namibia amounted to +78.0% per year.
Lubricating Oil Additive Imports in Angola
For the fourth consecutive year, Angola recorded growth in overseas purchases of additives for lubricating oils, which increased by 141% to 1K tons in 2022. In general, imports enjoyed significant growth. The pace of growth was the most pronounced in 2020 when imports increased by 144% against the previous year. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in years to come.
In value terms, lubricating oil additive imports skyrocketed to $5.1M in 2022. Overall, imports enjoyed significant growth. The pace of growth appeared the most rapid in 2020 with an increase of 220% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in the near future.
| Import of Lubricating Oil Additive in Angola (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belgium | 10.3 | 110 | 295 | 1,003 | 360.1% |
| United Arab Emirates | 4.5 | 3.5 | 298 | 1,001 | 505.9% |
| South Africa | 282 | 742 | 688 | 875 | 45.9% |
| France | 146 | 178 | 88.1 | 476 | 48.3% |
| Singapore | 12.4 | 184 | 134 | 448 | 230.6% |
| Portugal | 7.5 | 104 | 110 | 353 | 261.1% |
| Spain | 4.2 | 33.3 | 42.3 | 143 | 224.1% |
| South Korea | N/A | N/A | 66.5 | N/A | 0% |
| Others | 22.1 | 206 | 355 | 765 | 225.9% |
| Total | 489 | 1,562 | 2,076 | 5,063 | 118.0% |
Top Suppliers of Lubricating Oil Additive to Angola in 2022:
- South Africa (284.0 tons)
- Belgium (236.9 tons)
- United Arab Emirates (226.0 tons)
- Singapore (74.7 tons)
- France (72.7 tons)
- Portugal (51.2 tons)
- Spain (32.9 tons)
Lubricating Oil Additive Exports in Angola
For the third consecutive year, Angola recorded growth in shipments abroad of additives for lubricating oils, which increased by 1.7% to 1.5 tons in 2021. The total export volume increased at an average annual rate of +17.4% from 2019 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2020 when exports increased by 36% against the previous year. The exports peaked in 2021 and are likely to see steady growth in the near future.
In value terms, lubricating oil additive exports reduced dramatically to $6.1K in 2021. Overall, exports, however, faced a abrupt setback.
| Export of Lubricating Oil Additive in Angola (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 | |
| South Africa | N/A | N/A | 6.1 | 0% | |
| Namibia | 0.9 | 7.3 | N/A | 711.1% | |
| United States | 8.0 | 0.1 | N/A | -98.8% | |
| Others | N/A | N/A | N/A | 0% | |
| Total | 8.9 | 7.4 | 6.1 | -17.2% | |
Top Export Markets for Lubricating Oil Additive from Angola in 2022:
- South Africa (1.5 tons)
This report provides an in-depth analysis of the lubricating oil additive market in Angola. 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 20594270 - Additives for lubricating oils
Country coverage:
- Angola
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Angola
- 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
-
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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