Africa: Lubricant Additives Market 2024

Lubricant Additives Market Size in Africa

The African lubricant additives market rose rapidly to $X in 2022, growing by X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. Over the period under review, the market hit record highs at $X in 2017; however, from 2018 to 2022, consumption failed to regain momentum.

Lubricant Additives Production in Africa

In value terms, lubricant additives production expanded to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2016 when the production volume increased by X% against the previous year. Over the period under review, production attained the peak level at $X in 2017; however, from 2018 to 2022, production failed to regain momentum.

Lubricant Additives Exports

Exports in Africa

In 2022, approx. X tons of prepared additives for mineral oils were exported in Africa; with an increase of X% against the previous year. In general, exports, however, showed a slight curtailment. The most prominent rate of growth was recorded in 2013 when exports increased by X%. As a result, the exports attained the peak of X tons. From 2014 to 2022, the growth of the exports failed to regain momentum.

In value terms, lubricant additives exports expanded remarkably to $X in 2022. Overall, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when exports increased by X%. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

South Africa (X tons) and Senegal (X tons) prevails in exports structure, together generating X% of total exports. It was distantly followed by Equatorial Guinea (X tons), creating a X% share of total exports. Nigeria (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Equatorial Guinea (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, South Africa ($X), Senegal ($X) and Equatorial Guinea ($X) constituted the countries with the highest levels of exports in 2022, together comprising X% of total exports.

Among the main exporting countries, Equatorial Guinea, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in Africa amounted to $X per ton, rising by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2014 an increase of X% against the previous year. The level of export peaked at $X per ton in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2022, major exporting countries recorded the following prices: in South Africa ($X per ton) and Senegal ($X per ton), while Nigeria ($X per ton) and Equatorial Guinea ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (X%), while the other leaders experienced mixed trends in the export price figures.

Lubricant Additives Imports

Imports in Africa

In 2022, supplies from abroad of prepared additives for mineral oils was finally on the rise to reach X tons for the first time since 2018, thus ending a three-year declining trend. The total import volume increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2018 with an increase of X%. The volume of import peaked in 2022 and is likely to see gradual growth in the near future.

In value terms, lubricant additives imports skyrocketed to $X in 2022. The total import value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, South Africa (X tons) represented the largest importer of prepared additives for mineral oils, achieving X% of total imports. Algeria (X tons) held the second position in the ranking, followed by Egypt (X tons), Nigeria (X tons), Kenya (X tons) and Morocco (X tons). All these countries together took approx. X% share of total imports. Angola (X tons), Ghana (X tons), Tanzania (X tons), Senegal (X tons), Tunisia (X tons), Sudan (X tons) and Chad (X tons) took a minor share of total imports.

Imports into South Africa increased at an average annual rate of X% from 2012 to 2022. At the same time, Chad (X%), Algeria (X%), Tanzania (X%), Sudan (X%), Kenya (X%), Morocco (X%) and Ghana (X%) displayed positive paces of growth. Moreover, Chad emerged as the fastest-growing importer imported in Africa, with a CAGR of X% from 2012-2022. Senegal and Tunisia experienced a relatively flat trend pattern. By contrast, Egypt (X%), Angola (X%) and Nigeria (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Algeria, Chad and Kenya increased by X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) constitutes the largest market for imported prepared additives for mineral oils in Africa, comprising X% of total imports. The second position in the ranking was taken by Egypt ($X), with a X% share of total imports. It was followed by Algeria, with a X% share.

In South Africa, lubricant additives imports remained relatively stable over the period from 2012-2022. In the other countries, the average annual rates were as follows: Egypt (X% per year) and Algeria (X% per year).

Import Prices by Country

The import price in Africa stood at $X per ton in 2022, with an increase of X% against the previous year. In general, the import price saw a relatively flat trend pattern. The level of import peaked at $X per ton in 2013; afterwards, it flattened through to 2022.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Egypt ($X per ton) and Tanzania ($X per ton), while Nigeria ($X per ton) and Algeria ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kenya (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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