Report Belarus - Additives for Lubricating Oils - Market Analysis, Forecast, Size, Trends and Insights for 499$
Latest Report Update: Nov 4, 2022

Belarus - Additives for Lubricating Oils - Market Analysis, Forecast, Size, Trends and Insights

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Belarus: Lubricating Oil Additive Market 2022

Lubricating Oil Additive Market Size in Belarus

The Belarusian lubricating oil additive market soared to $X in 2021, picking up by 17% against the previous year. The market value increased at an average annual rate of +2.7% over the period from 2012 to 2021; however, the trend pattern remained relatively stable, with only minor fluctuations in certain years. Lubricating oil additive consumption peaked in 2021 and is likely to see steady growth in the immediate term.

Lubricating Oil Additive Production in Belarus

In value terms, lubricating oil additive production totaled $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.5% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2014 with an increase of 15%. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Lubricating Oil Additive Exports

Exports from Belarus

In 2021, after five years of growth, there was significant decline in overseas shipments of additives for lubricating oils, when their volume decreased by -12.5% to X tons. Over the period under review, exports, however, continue to indicate a buoyant increase. The growth pace was the most rapid in 2019 when exports increased by 55% against the previous year. The exports peaked at X tons in 2020, and then dropped in the following year.

In value terms, lubricating oil additive exports expanded modestly to $X in 2021. Overall, exports, however, enjoyed a tangible expansion. The growth pace was the most rapid in 2019 when exports increased by 30%. Over the period under review, the exports reached the maximum in 2021 and are expected to retain growth in the near future.

Exports by Country

Russia (X tons) was the main destination for lubricating oil additive exports from Belarus, accounting for a 44% share of total exports. Moreover, lubricating oil additive exports to Russia exceeded the volume sent to the second major destination, Singapore (X tons), twofold. The Netherlands (X tons) ranked third in terms of total exports with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Russia totaled +1.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Singapore (+39.5% per year) and the Netherlands (+29.8% per year).

In value terms, Russia ($X), Singapore ($X) and the Netherlands ($X) constituted the largest markets for lubricating oil additive exported from Belarus worldwide, together comprising 71% of total exports. The United Arab Emirates, Germany, Kazakhstan and South Korea lagged somewhat behind, together accounting for a further 23%.

South Korea, with a CAGR of +88.3%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average lubricating oil additive export price amounted to $X per ton, picking up by 17% against the previous year. Overall, the export price, however, showed a perceptible decrease. Over the period under review, the average export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was Germany ($X per ton), while the average price for exports to Russia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (-1.2%), while the prices for the other major destinations experienced a decline.

Lubricating Oil Additive Imports

Imports into Belarus

In 2021, after three years of growth, there was significant decline in supplies from abroad of additives for lubricating oils, when their volume decreased by -5.1% to X tons. Over the period under review, imports, however, showed buoyant growth. The pace of growth was the most pronounced in 2019 with an increase of 279% against the previous year. Imports peaked at X tons in 2020, and then contracted in the following year.

In value terms, lubricating oil additive imports rose modestly to $X in 2021. In general, imports, however, continue to indicate a remarkable increase. The pace of growth was the most pronounced in 2019 with an increase of 158% against the previous year. Over the period under review, imports attained the maximum in 2021 and are likely to continue growth in years to come.

Imports by Country

In 2021, Russia (X tons) constituted the largest supplier of lubricating oil additive to Belarus, accounting for a 80% share of total imports. Moreover, lubricating oil additive imports from Russia exceeded the figures recorded by the second-largest supplier, China (X tons), sixfold. The third position in this ranking was taken by Belgium (X tons), with a 4.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Russia amounted to +24.4%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+54.8% per year) and Belgium (+78.1% per year).

In value terms, Russia ($X) constituted the largest supplier of lubricating oil additive to Belarus, comprising 73% of total imports. The second position in the ranking was taken by China ($X), with a 15% share of total imports. It was followed by Belgium, with a 5.6% share.

From 2012 to 2021, the average annual growth rate of value from Russia amounted to +22.2%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+51.0% per year) and Belgium (+54.9% per year).

Import Prices by Country

In 2021, the average lubricating oil additive import price amounted to $X per ton, increasing by 10% against the previous year. Overall, the import price, however, continues to indicate a noticeable descent. The import price peaked at $X per ton in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was the United States ($X per ton), while the price for Russia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+2.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Market Intelligence Platform

Base Year Historical Period Forecast Period Units
2022 2012-2022 2023-2030 US$, Tons

Frequently Asked Questions (FAQ) :

What are the largest markets for additives for lubricating oils in the world?
+
China constituted the country with the largest volume of lubricating oil additive consumption, comprising approx. 23% of total volume. Moreover, lubricating oil additive consumption in China exceeded the figures recorded by the second-largest consumer, the United States, twofold. India ranked third in terms of total consumption with an 8.8% share.
What are the largest producers of additives for lubricating oils in the world?
+
The countries with the highest volumes of production in 2021 were China, the United States and France, with a combined 45% share of global production. India, Japan, Singapore, Russia, Italy, Brazil, Mexico, Belgium, Democratic Republic of the Congo and Canada lagged somewhat behind, together comprising a further 39%.
What are the leading suppliers of additives for lubricating oils to Belarus?
+
In value terms, Russia constituted the largest supplier of lubricating oil additive to Belarus, comprising 73% of total imports. The second position in the ranking was taken by China, with a 15% share of total imports. It was followed by Belgium, with a 5.6% share.
What are the leading importers of additives for lubricating oils from Belarus?
+
In value terms, the largest markets for lubricating oil additive exported from Belarus were Russia, Singapore and the Netherlands, together comprising 71% of total exports. The United Arab Emirates, Germany, Kazakhstan and South Korea lagged somewhat behind, together accounting for a further 23%.
What is the average export price for additives for lubricating oils in Belarus?
+
The average lubricating oil additive export price stood at $2,062 per ton in 2021, surging by 17% against the previous year.
What is the average import price for additives for lubricating oils in Belarus?
+
The average lubricating oil additive import price stood at $2,789 per ton in 2021, rising by 10% against the previous year.

This report provides an in-depth analysis of the lubricating oil additive market in Belarus. 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:
• Belarus

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in Belarus
• 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:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. 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

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
REPORT DESCRIPTION
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2012–2022
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2012–2022
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2022
Table 2:
Market Volume, In Physical Terms, 2012–2022
Table 3:
Market Value, 2012–2022
Table 4:
Per Capita Consumption In 2007-2022
Table 5:
Imports, In Physical Terms, By Country, 2012–2022
Table 6:
Imports, In Value Terms, By Country, 2012–2022
Table 7:
Import Prices, By Country Of Origin, 2012–2022
Table 8:
Exports, In Physical Terms, By Country, 2012–2022
Table 9:
Exports, In Value Terms, By Country, 2012–2022
Table 10:
Export Prices, By Country Of Destination, 2012–2022
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2012–2022
Figure 2:
Market Value, 2012–2022
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007-2022
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007-2022
Figure 5:
Trade Balance, In Physical Terms, 2007-2022
Figure 6:
Trade Balance, In Value Terms, 2007-2022
Figure 7:
Per Capita Consumption, 2007-2022
Figure 8:
Market Forecast To 2030
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2012–2022
Figure 21:
Production, In Value Terms, 2012–2022
Figure 22:
Imports, In Physical Terms, 2012–2022
Figure 23:
Imports, In Value Terms, 2012–2022
Figure 24:
Imports, In Physical Terms, By Country, 2022
Figure 25:
Imports, In Physical Terms, By Country, 2012–2022
Figure 26:
Imports, In Value Terms, By Country, 2012–2022
Figure 27:
Import Prices, By Country Of Origin, 2012–2022
Figure 28:
Exports, In Physical Terms, 2012–2022
Figure 29:
Exports, In Value Terms, 2012–2022
Figure 30:
Exports, In Physical Terms, By Country, 2022
Figure 31:
Exports, In Physical Terms, By Country, 2012–2022
Figure 32:
Exports, In Value Terms, By Country, 2012–2022
Figure 33:
Export Prices, By Country Of Destination, 2012–2022
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