Report Update: Apr 1, 2024

Thailand - Additives For Lubricating Oils - Market Analysis, Forecast, Size, Trends And Insights

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Lubricating Oil Additive Price in Thailand - 2023

Lubricating Oil Additive Price in Thailand (CIF) - 2023

The average lubricating oil additive import price stood at $4,610 per ton in July 2023, rising by 4.4% against the previous month. Overall, the import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in August 2022 an increase of 7.8% m-o-m. Over the period under review, average import prices attained the peak figure at $5,171 per ton in January 2023; however, from February 2023 to July 2023, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In July 2023, the country with the highest price was the United States ($7,308 per ton), while the price for Belgium ($3,579 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 Belgium (+1.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Lubricating Oil Additive Price in Thailand (FOB) - 2023

In July 2023, the average lubricating oil additive export price amounted to $2,870 per ton, picking up by 2.2% against the previous month. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in December 2022 an increase of 172% m-o-m. As a result, the export price attained the peak level of $9,481 per ton. From January 2023 to July 2023, the the average export prices remained at a somewhat lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was China ($25,012 per ton), while the average price for exports to Cambodia ($1,549 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 China (+13.7%), while the prices for the other major destinations experienced more modest paces of growth.

Lubricating Oil Additive Imports in Thailand

In 2022, the amount of additives for lubricating oils imported into Thailand totaled 64K tons, approximately reflecting the year before. The total import volume increased at an average annual rate of +6.5% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 16%. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, lubricating oil additive imports skyrocketed to $294M in 2022. Over the period under review, total imports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +13.5% 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 +47.2% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Import of Lubricating Oil Additive in Thailand (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Singapore	106	109	136	175	18.2%
United States	36.5	34.4	41.1	51.1	11.9%
Japan	21.8	20.7	18.8	19.7	-3.3%
China	13.1	16.4	15.4	17.6	10.3%
Belgium	4.9	5.2	6.1	8.2	18.7%
Others	18.1	13.3	15.0	22.6	7.7%
Total	201	200	232	294	13.5%

Top Suppliers of Lubricating Oil Additive to Thailand in 2022:

Singapore (42.9K tons)
United States (7.4K tons)
China (3.7K tons)
Japan (3.5K tons)
Belgium (2.2K tons)

Lubricating Oil Additive Exports in Thailand

In 2022, the amount of additives for lubricating oils exported from Thailand dropped to 3.6K tons, waning by -4.1% compared with the year before. The total export volume increased at an average annual rate of +1.2% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The pace of growth appeared the most rapid in 2021 when exports increased by 17% against the previous year. As a result, the exports attained the peak of 3.7K tons, and then reduced in the following year.

In value terms, lubricating oil additive exports stood at $8.5M in 2022. In general, exports saw a abrupt slump. The growth pace was the most rapid in 2021 with an increase of 42% against the previous year.

Export of Lubricating Oil Additive in Thailand (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Pakistan	4,948	2,876	2,535	2,166	-24.1%
Cambodia	1,246	998	1,178	1,345	2.6%
Vietnam	160	189	160	760	68.1%
China	2,934	873	1,270	723	-37.3%
Sri Lanka	N/A	N/A	N/A	656	0%
Malaysia	71.9	64.5	1,287	540	95.8%
Singapore	219	79.9	511	534	34.6%
India	400	230	229	213	-18.9%
Others	779	517	1,105	1,611	27.4%
Total	10,758	5,828	8,276	8,548	-7.4%

Top Export Markets for Lubricating Oil Additive from Thailand in 2022:

Pakistan (1300.6 tons)
Cambodia (788.7 tons)
Sri Lanka (386.7 tons)
Malaysia (283.3 tons)
Vietnam (239.8 tons)
China (123.5 tons)
Singapore (99.1 tons)
India (32.1 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the lubricating oil additive 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 20594270 - 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
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