Argentina: Lubricant Additives Market Overview 2021

Lubricant Additives Market Size in Argentina

After two years of growth, the Argentinian lubricant additives market decreased by -X% to $X in 2019. Over the period under review, consumption showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2010 when the market value increased by X% against the previous year. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2019, consumption remained at a lower figure.

Lubricant Additives Exports

Exports from Argentina

Lubricant additives exports from Argentina fell dramatically to X tonnes in 2019, waning by -X% against 2018 figures. Overall, exports showed a deep setback. The pace of growth was the most pronounced in 2009 with an increase of X% against the previous year. As a result, exports attained the peak of X tonnes. From 2010 to 2019, the growth exports remained at a lower figure.

In value terms, lubricant additives exports plummeted to $X in 2019. In general, exports continue to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2009 when exports increased by X% against the previous year. As a result, exports attained the peak of $X. From 2010 to 2019, the growth exports remained at a somewhat lower figure.

Exports by Country

Uruguay (X tonnes) and Chile (X tonnes) were the main destinations of lubricant additives exports from Argentina.

From 2007 to 2019, the biggest increases were in Uruguay.

In value terms, the largest markets for lubricant additives exported from Argentina were Uruguay ($X) and Chile ($X recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review.

Export Prices by Country

In 2019, the average lubricant additives export price amounted to $X per tonne, stabilizing at the previous year. In general, export price indicated a measured increase from 2007 to 2019: its price increased at an average annual rate of +X% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, lubricant additives export price increased by +X% against 2017 indices. The most prominent rate of growth was recorded in 2015 an increase of X% y-o-y. As a result, export price reached the peak level of $X per tonne. From 2016 to 2019, the growth in terms of the average export prices remained at a somewhat lower figure.

Average prices varied noticeably for the major overseas markets. In 2019, the country with the highest price was Chile ($X per tonne), while the average price for exports to Uruguay amounted to $X per tonne.

From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Chile.

Lubricant Additives Imports

Imports into Argentina

After two years of growth, overseas purchases of prepared additives for mineral oils decreased by -X% to X tonnes in 2019. Overall, imports continue to indicate a perceptible slump. The most prominent rate of growth was recorded in 2010 with an increase of X% year-to-year. Imports peaked at X tonnes in 2008; however, from 2009 to 2019, imports remained at a lower figure.

In value terms, lubricant additives imports shrank dramatically to $X in 2019. Over the period under review, imports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2010 when imports increased by X% year-to-year. Imports peaked at $X in 2012; however, from 2013 to 2019, imports remained at a lower figure.

Imports by Country

The U.S. (X tonnes), Germany (X tonnes) and Brazil (X tonnes) were the main suppliers of lubricant additives imports to Argentina, together accounting for X% of total imports. Belgium, Italy, France and the UK lagged somewhat behind, together comprising a further X 2007 to 2019, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Belgium, while imports for the other leaders experienced more modest paces of growth.

In value terms, the U.S. ($X) constituted the largest supplier of lubricant additives to Argentina, comprising X% of total imports. The second position in the ranking was occupied by Germany ($X), with a X% share of total imports. It was followed by Brazil, with a X% share.

From 2007 to 2019, the average annual growth rate of value from the U.S. amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+X% per year) and Brazil (-X% per year).

Import Prices by Country

In 2019, the average lubricant additives import price amounted to $X per tonne, remaining relatively unchanged against the previous year. Over the last twelve-year period, it increased at an average annual rate of +X%. The pace of growth was the most pronounced in 2008 when the average import price increased by X% year-to-year. Over the period under review, average import prices attained the peak figure at $X per tonne in 2011; however, from 2012 to 2019, import prices failed to regain the momentum.

Average prices varied somewhat amongst the major supplying countries. In 2019, the highest prices were recorded for prices from France ($X per tonne) and Italy ($X per tonne), while the price for Germany ($X per tonne) and Belgium ($X per tonne) were amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by the UK, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for prepared additives for mineral oils in the world?

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China (1.6M tonnes) remains the largest lubricant additives consuming country worldwide, accounting for 21% of total volume. Moreover, lubricant additives consumption in China exceeded the figures recorded by the second-largest consumer, the U.S. (747K tonnes), twofold. India (565K tonnes) ranked third in terms of total consumption with a 7.4% share.

What are the largest producers of prepared additives for mineral oils in the world?

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The countries with the highest volumes of lubricant additives production in 2019 were the U.S. (1.4M tonnes), China (1.4M tonnes) and France (1M tonnes), with a combined 51% share of global production. India, Italy, Germany, Singapore, Japan, Belgium, Russia, Brazil and Mexico lagged somewhat behind, together comprising a further 39%.

What are the leading suppliers of prepared additives for mineral oils to Argentina?

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In value terms, the U.S. ($41M) constituted the largest supplier of lubricant additives to Argentina, comprising 41% of total imports. The second position in the ranking was occupied by Germany ($20M), with a 20% share of total imports. It was followed by Brazil, with a 13% share.

What are the leading importers of prepared additives for mineral oils from Argentina?

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In value terms, Uruguay ($88K) and Chile ($63K) were the largest markets for lubricant additives exported from Argentina worldwide.

What is the average export price for prepared additives for mineral oils in Argentina?

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In 2019, the average lubricant additives export price amounted to $4,267 per tonne, stabilizing at the previous year.

What is the average import price for prepared additives for mineral oils in Argentina?

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The average lubricant additives import price stood at $3,450 per tonne in 2019, leveling off at the previous year.