South Africa - Additives For Lubricating Oils - Market Analysis, Forecast, Size, Trends And Insights
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View PricingLubricating Oil Additive Price in South Africa - 2023
Contents:
- Lubricating Oil Additive Price in South Africa (CIF) - 2023
- Lubricating Oil Additive Price in South Africa (FOB) - 2023
- Lubricating Oil Additive Imports in South Africa
- Lubricating Oil Additive Exports in South Africa
Lubricating Oil Additive Price in South Africa (CIF) - 2023
In July 2023, the average lubricating oil additive import price amounted to $4,095 per ton, dropping by -2.1% against the previous month. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in December 2022 an increase of 17% against the previous month. Over the period under review, average import prices hit record highs at $4,973 per ton in February 2023; however, from March 2023 to July 2023, import prices stood at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Germany ($6,299 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 France (+2.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Lubricating Oil Additive Price in South Africa (FOB) - 2023
In July 2023, the average lubricating oil additive export price amounted to $6,935 per ton, picking up by 13% against the previous month. Over the period under review, export price indicated a pronounced increase from July 2022 to July 2023: its price increased at an average monthly rate of +2.9% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on July 2023 figures, lubricating oil additive export price increased by +88.3% against March 2023 indices. The most prominent rate of growth was recorded in June 2023 an increase of 37% month-to-month. The export price peaked in July 2023.
There were significant differences in the average prices for the major external markets. In July 2023, the country with the highest price was Kenya ($32,204 per ton), while the average price for exports to Mozambique ($494 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 Kenya (+18.2%), while the prices for the other major destinations experienced more modest paces of growth.
Lubricating Oil Additive Imports in South Africa
In 2022, the amount of additives for lubricating oils imported into South Africa skyrocketed to 47K tons, increasing by 20% compared with 2021 figures. The total import volume increased at an average annual rate of +7.1% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, lubricating oil additive imports soared to $178M in 2022. Overall, total imports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +11.1% over the last three-year period. The trend pattern, however, 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 Lubricating Oil Additive in South Africa (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 29.0 | 23.3 | 27.8 | 43.1 | 14.1% |
| Belgium | 18.9 | 21.2 | 20.9 | 37.7 | 25.9% |
| United States | 35.1 | 40.5 | 32.0 | 36.9 | 1.7% |
| Singapore | 11.8 | 14.1 | 16.8 | 22.2 | 23.4% |
| Italy | 17.3 | 12.2 | 15.3 | 19.4 | 3.9% |
| Germany | 4.2 | 3.4 | 3.9 | 6.5 | 15.7% |
| India | 1.0 | 2.0 | 1.8 | 3.0 | 44.2% |
| Netherlands | 7.1 | 5.9 | 2.1 | 2.4 | -30.3% |
| United Arab Emirates | 2.4 | 2.1 | 2.5 | 1.5 | -14.5% |
| Others | 2.8 | 1.9 | 2.7 | 5.3 | 23.7% |
| Total | 130 | 127 | 126 | 178 | 11.0% |
Top Suppliers of Lubricating Oil Additive to South Africa in 2022:
- France (12.0K tons)
- Belgium (10.3K tons)
- United States (9.6K tons)
- Singapore (6.7K tons)
- Italy (4.2K tons)
- Germany (1.1K tons)
- India (0.9K tons)
- Netherlands (0.5K tons)
- United Arab Emirates (0.5K tons)
Lubricating Oil Additive Exports in South Africa
In 2022, exports of additives for lubricating oils from South Africa skyrocketed to 3K tons, jumping by 17% against the previous year. In general, total exports indicated a pronounced expansion from 2019 to 2022: its volume increased at an average annual rate of +3.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -21.2% against 2020 indices. The most prominent rate of growth was recorded in 2020 when exports increased by 39%. As a result, the exports reached the peak of 3.8K tons. From 2021 to 2022, the growth of the exports failed to regain momentum.
In value terms, lubricating oil additive exports skyrocketed to $11M in 2022. The total export value increased at an average annual rate of +9.3% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 30%. Over the period under review, the exports reached the maximum in 2022 and are likely to see gradual growth in years to come.
| Export of Lubricating Oil Additive in South Africa (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Kenya | 1,413 | 3,553 | 2,679 | 4,472 | 46.8% |
| Tanzania | 1,079 | 1,032 | 1,285 | 2,262 | 28.0% |
| Zambia | 1,697 | 301 | 799 | 1,580 | -2.4% |
| United Kingdom | 340 | 429 | 543 | 780 | 31.9% |
| Nigeria | 606 | 1,545 | 413 | 547 | -3.4% |
| Togo | 96.6 | 66.4 | 202 | 345 | 52.9% |
| Angola | N/A | 542 | 539 | 282 | -27.9% |
| France | 907 | 222 | 51.5 | 23.4 | -70.5% |
| Egypt | N/A | 1,169 | N/A | N/A | 0% |
| Others | 2,570 | 2,435 | 3,249 | 1,069 | -25.4% |
| Total | 8,707 | 11,294 | 9,760 | 11,359 | 9.3% |
Top Export Markets for Lubricating Oil Additive from South Africa in 2022:
- Kenya (1027.0 tons)
- Tanzania (731.7 tons)
- Nigeria (346.2 tons)
- Zambia (318.8 tons)
- United Kingdom (158.4 tons)
- Togo (126.9 tons)
- Angola (86.0 tons)
- France (8.4 tons)
This report provides an in-depth analysis of the lubricating oil additive 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 20594270 - 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.
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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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