Central Asia: Lubricant Additives Market 2024

Lubricant Additives Market Size in Central Asia

The Central Asian lubricant additives market skyrocketed to $X in 2022, increasing by X% against the previous year. Overall, consumption, however, saw a slight shrinkage. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Lubricant Additives Production in Central Asia

In value terms, lubricant additives production expanded notably to $X in 2022 estimated in export price. Over the period under review, production, however, showed a noticeable curtailment. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Lubricant Additives Exports

Exports in Central Asia

In 2022, shipments abroad of prepared additives for mineral oils increased by X% to X tons, rising for the second year in a row after two years of decline. Overall, exports showed significant growth. The growth pace was the most rapid in 2017 when exports increased by X%. Over the period under review, the exports hit record highs in 2022 and are likely to continue growth in years to come.

In value terms, lubricant additives exports surged to $X in 2022. Over the period under review, exports continue to indicate a significant increase. The pace of growth was the most pronounced in 2017 when exports increased by X%. The level of export peaked in 2022 and is expected to retain growth in years to come.

Exports by Country

In 2022, Kazakhstan (X tons) was the main exporter of prepared additives for mineral oils in Central Asia, creating X% of total export.

Kazakhstan was also the fastest-growing in terms of the prepared additives for mineral oils exports, with a CAGR of X% from 2012 to 2022. Kazakhstan (X p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Kazakhstan ($X) also remains the largest lubricant additives supplier in Central Asia.

In Kazakhstan, lubricant additives exports expanded at an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Central Asia amounted to $X per ton, dropping by X% against the previous year. In general, the export price continues to indicate a abrupt shrinkage. The pace of growth appeared the most rapid in 2020 an increase of X%. Over the period under review, the export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Kazakhstan.

From 2012 to 2022, the rate of growth in terms of prices for Kazakhstan amounted to X% per year.

Lubricant Additives Imports

Imports in Central Asia

Lubricant additives imports surged to X tons in 2022, with an increase of X% compared with the previous year. In general, imports enjoyed temperate growth. The growth pace was the most rapid in 2016 with an increase of X%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, lubricant additives imports soared to $X in 2022. Over the period under review, imports continue to indicate a prominent increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Kazakhstan represented the largest importing country with an import of about X tons, which resulted at X% of total imports. It was distantly followed by Uzbekistan (X tons), achieving a X% share of total imports. Turkmenistan (X tons), Kyrgyzstan (X tons) and Tajikistan (X tons) took a minor share of total imports.

Imports into Kazakhstan increased at an average annual rate of X% from 2012 to 2022. At the same time, Tajikistan (X%), Uzbekistan (X%) and Kyrgyzstan (X%) displayed positive paces of growth. Moreover, Tajikistan emerged as the fastest-growing importer imported in Central Asia, with a CAGR of X% from 2012-2022. By contrast, Turkmenistan (X%) illustrated a downward trend over the same period. Uzbekistan (X p.p.), Kazakhstan (X p.p.), Tajikistan (X p.p.) and Kyrgyzstan (X p.p.) significantly strengthened its position in terms of the total imports, while Turkmenistan saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, Kazakhstan ($X) constitutes the largest market for imported prepared additives for mineral oils in Central Asia, comprising X% of total imports. The second position in the ranking was held by Uzbekistan ($X), with a X% share of total imports. It was followed by Turkmenistan, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Kazakhstan amounted to X%. The remaining importing countries recorded the following average annual rates of imports growth: Uzbekistan (X% per year) and Turkmenistan (X% per year).

Import Prices by Country

The import price in Central Asia stood at $X per ton in 2022, picking up by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Kazakhstan ($X per ton), while Tajikistan ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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