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Colombia - Prepared Additives For Mineral Oils - Market Analysis, Forecast, Size, Trends and Insights
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Colombia: Lubricant Additives Market Overview 2021

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Lubricant Additives Market Size in Colombia

The Colombian lubricant additives market dropped to $X in 2019, shrinking by -X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption, however, saw a strong increase. The growth pace was the most rapid in 2010 with an increase of X% year-to-year. Lubricant additives consumption peaked at $X in 2014; however, from 2015 to 2019, consumption failed to regain the momentum.

Lubricant Additives Exports

Exports from Colombia

In 2019, the amount of prepared additives for mineral oils exported from Colombia dropped to X tonnes, declining by -X% against 2018. Over the period under review, exports showed a deep contraction. The most prominent rate of growth was recorded in 2013 when exports increased by X% y-o-y. Over the period under review, exports hit record highs at X tonnes in 2007; however, from 2008 to 2019, exports stood at a somewhat lower figure.

In value terms, lubricant additives exports fell to $X in 2019. Overall, exports continue to indicate a deep reduction. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Exports peaked at $X in 2007; however, from 2008 to 2019, exports remained at a lower figure.

Exports by Country

Ecuador (X tonnes) was the main destination for lubricant additives exports from Colombia, with a X% share of total exports. Moreover, lubricant additives exports to Ecuador exceeded the volume sent to the second major destination, Peru (X tonnes), twofold.

From 2007 to 2019, the average annual growth rate of volume to Ecuador stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Peru (-X% per year) and Venezuela (-X% per year).

In value terms, Ecuador ($X) emerged as the key foreign market for lubricant additives exports from Colombia, comprising X% of total exports. The second position in the ranking was occupied by Peru ($X), with a X% share of total exports.

From 2007 to 2019, the average annual rate of growth in terms of value to Ecuador amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Peru (-X% per year) and Venezuela (-X% per year).

Export Prices by Country

In 2019, the average lubricant additives export price amounted to $X per tonne, surging by X% against the previous year. Overall, export price indicated a temperate increase from 2007 to 2019: its price increased at an average annual rate of +X% over the last twelve-year period. 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 pace of growth was the most pronounced in 2012 an increase of X% year-to-year. Over the period under review, average export prices hit record highs at $X per tonne in 2016; however, from 2017 to 2019, export prices stood at a somewhat lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Ecuador ($X per tonne), while the average price for exports to Venezuela ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Ecuador, while the prices for the other major destinations experienced more modest paces of growth.

Lubricant Additives Imports

Imports into Colombia

In 2019, the amount of prepared additives for mineral oils imported into Colombia reduced to X tonnes, waning by -X% on 2018. Overall, total imports indicated temperate growth from 2007 to 2019: its volume 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, imports increased by +X% against 2017 indices. The most prominent rate of growth was recorded in 2010 with an increase of X% year-to-year. Over the period under review, imports hit record highs at X tonnes in 2012; however, from 2013 to 2019, imports failed to regain the momentum.

In value terms, lubricant additives imports fell to $X in 2019. In general, imports, however, saw a buoyant increase. The pace of growth was the most pronounced in 2010 when imports increased by X% y-o-y. Imports peaked at $X in 2014; however, from 2015 to 2019, imports stood at a somewhat lower figure.

Imports by Country

In 2019, the U.S. (X tonnes) was the main supplier of lubricant additives to Colombia, accounting for a approx. X% share of total imports.

From 2007 to 2019, the average annual rate of growth in terms of volume from the U.S. amounted to +X%.

In value terms, the U.S. ($X) constituted the largest supplier of lubricant additives to Colombia.

From 2007 to 2019, the average annual rate of growth in terms of value from the U.S. stood at +X%.

Import Prices by Country

The average lubricant additives import price stood at $X per tonne in 2019, rising by X% against the previous year. In general, import price indicated a measured increase from 2007 to 2019: its price increased at an average annual rate of +X% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, lubricant additives import price increased by +X% against 2016 indices. The pace of growth was the most pronounced in 2009 an increase of X% against the previous year. Over the period under review, average import prices reached the peak figure at $X per tonne in 2015; however, from 2016 to 2019, import prices remained at a lower figure.

As there is only one major supplying country, the average price level is determined by prices for the U.S..

From 2007 to 2019, the rate of growth in terms of prices for the U.S. amounted to +X% per year.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for prepared additives for mineral oils in the world?
+
The country with the largest volume of lubricant additives consumption was China (1.6M tonnes), comprising approx. 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?
+
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), together accounting for 51% 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 Colombia?
+
In value terms, the U.S. ($74M) constituted the largest supplier of lubricant additives to Colombia.
What are the leading importers of prepared additives for mineral oils from Colombia?
+
In value terms, Ecuador ($646K) emerged as the key foreign market for lubricant additives exports from Colombia, comprising 66% of total exports. The second position in the ranking was occupied by Peru ($184K), with a 19% share of total exports.
What is the average export price for prepared additives for mineral oils in Colombia?
+
In 2019, the average lubricant additives export price amounted to $3,446 per tonne, increasing by 5% against the previous year.
What is the average import price for prepared additives for mineral oils in Colombia?
+
In 2019, the average lubricant additives import price amounted to $4,019 per tonne, increasing by 1.9% against the previous year.

Product coverage:
• Prodcom 20594250 - Anti-knock preparations
• Prodcom 20594270 - Additives for lubricating oils
• Prodcom 20594290 - Additives for mineral oils or for other liquids used for the same purpose as mineral oils (including gasoline) (excluding anti-knock preparations, additives for lubricating oils)

This report provides an in-depth analysis of the lubricant additives market in Colombia. 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 2025.


Country coverage:
• Colombia

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in Colombia
• 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
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
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 PRODUCTS

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 2007–2019
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2019
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 2019
Table 2:
Market Volume, In Physical Terms, 2007–2019
Table 3:
Market Value, 2007–2019
Table 4:
Per Capita Consumption In 2007–2019
Table 5:
Imports, In Physical Terms, By Country, 2007–2019
Table 6:
Imports, In Value Terms, By Country, 2007–2019
Table 7:
Import Prices, By Country Of Origin, 2007–2019
Table 8:
Exports, In Physical Terms, By Country, 2007–2019
Table 9:
Exports, In Value Terms, By Country, 2007–2019
Table 10:
Export Prices, By Country Of Destination, 2007–2019
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2019
Figure 2:
Market Value, 2007–2019
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2019
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2019
Figure 5:
Trade Balance, In Physical Terms, 2007–2019
Figure 6:
Trade Balance, In Value Terms, 2007–2019
Figure 7:
Per Capita Consumption, 2007–2019
Figure 8:
Market Forecast To 2025
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, 2007–2019
Figure 21:
Production, In Value Terms, 2007–2019
Figure 22:
Imports, In Physical Terms, 2007–2019
Figure 23:
Imports, In Value Terms, 2007–2019
Figure 24:
Imports, In Physical Terms, By Country, 2019
Figure 25:
Imports, In Physical Terms, By Country, 2007–2019
Figure 26:
Imports, In Value Terms, By Country, 2007–2019
Figure 27:
Import Prices, By Country Of Origin, 2007–2019
Figure 28:
Exports, In Physical Terms, 2007–2019
Figure 29:
Exports, In Value Terms, 2007–2019
Figure 30:
Exports, In Physical Terms, By Country, 2019
Figure 31:
Exports, In Physical Terms, By Country, 2007–2019
Figure 32:
Exports, In Value Terms, By Country, 2007–2019
Figure 33:
Export Prices, By Country Of Destination, 2007–2019

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