Denmark: Lubricant Additives Market Overview 2021

Lubricant Additives Market Size in Denmark

The Danish lubricant additives market declined to $X in 2019, with a decrease of -X% against the previous year. Over the period under review, consumption showed a mild shrinkage. The growth pace was the most rapid in 2010 with an increase of X% year-to-year. As a result, consumption attained the peak level of $X. From 2011 to 2019, the growth of the market remained at a lower figure.

Lubricant Additives Production in Denmark

In value terms, lubricant additives production skyrocketed to $X in 2019 estimated in export prices. In general, production saw a strong increase. The pace of growth appeared the most rapid in 2016 when the production volume increased by X% year-to-year. As a result, production attained the peak level of $X. From 2017 to 2019, production growth remained at a somewhat lower figure.

Lubricant Additives Exports

Exports from Denmark

In 2019, overseas shipments of prepared additives for mineral oils decreased by -X% to X tonnes, falling for the second year in a row after two years of growth. In general, exports, however, showed measured growth. The pace of growth was the most pronounced in 2012 with an increase of X% year-to-year. Over the period under review, exports hit record highs at X tonnes in 2017; however, from 2018 to 2019, exports remained at a lower figure.

In value terms, lubricant additives exports contracted to $X in 2019. Overall, exports, however, recorded a noticeable expansion. The pace of growth was the most pronounced in 2012 when exports increased by X% against the previous year. As a result, exports reached the peak of $X. From 2013 to 2019, the growth exports remained at a lower figure.

Exports by Country

Sweden (X tonnes), Norway (X tonnes) and Germany (X tonnes) were the main destinations of lubricant additives exports from Denmark, with a combined X% share of total exports. Israel, Ireland, Belgium, Poland, China, the UK, France, Peru, Lithuania and Singapore lagged somewhat behind, together comprising a further X 2007 to 2019, the biggest increases were in Ireland (+X% per year), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for lubricant additives exported from Denmark were Sweden ($X), Germany ($X) and Belgium ($X), with a combined X% share of total exports. Norway, China, Israel, the UK, Ireland, France, Poland, Singapore, Peru and Lithuania lagged somewhat behind, together accounting for a further X (+X% per year) recorded the highest rates of growth with regard to the value of exports, among 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 2019, the average lubricant additives export price amounted to $X per tonne, dropping by -X% against the previous year. In general, the export price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2010 when the average export price increased by X% y-o-y. As a result, export price reached the peak level of $X per tonne. From 2011 to 2019, the growth in terms of the average export prices remained at a lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Belgium ($X per tonne), while the average price for exports to Poland ($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 Singapore, while the prices for the other major destinations experienced more modest paces of growth.

Lubricant Additives Imports

Imports into Denmark

In 2019, supplies from abroad of prepared additives for mineral oils decreased by -X% to X tonnes, falling for the second consecutive year after two years of growth. In general, imports continue to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2008 when imports increased by X% against the previous year. As a result, imports reached the peak of X tonnes. From 2009 to 2019, the growth imports failed to regain the momentum.

In value terms, lubricant additives imports fell notably to $X in 2019. Over the period under review, imports recorded a noticeable decline. The pace of growth appeared the most rapid in 2008 with an increase of X% y-o-y. As a result, imports reached the peak of $X. From 2009 to 2019, the growth imports remained at a lower figure.

Imports by Country

In 2019, Germany (X tonnes) constituted the largest supplier of lubricant additives to Denmark, accounting for a X% share of total imports. Moreover, lubricant additives imports from Germany exceeded the figures recorded by the second-largest supplier, the U.S. (X tonnes), threefold. France (X tonnes) ranked third in terms of total imports with a X% share.

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

In value terms, the largest lubricant additives suppliers to Denmark were Germany ($X), the U.S. ($X) and the UK ($X), together accounting for X% of total imports. France, Belgium, Poland and Sweden lagged somewhat behind, together accounting for a further X the main suppliers, Poland recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

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 period from 2007 to 2019, it increased at an average annual rate of +X%. The pace of growth was the most pronounced in 2018 an increase of X% against the previous year. The import price peaked in 2019 and is expected to retain growth in the near future.

Prices varied noticeably by the country of origin; the country with the highest price was the UK ($X per tonne), while the price for Germany ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Poland, 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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The country with the largest volume of lubricant additives consumption was China (1.6M tonnes), 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. These countries were followed by India, Italy, Germany, Singapore, Japan, Belgium, Russia, Brazil and Mexico, which together accounted for a further 39%.

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

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In value terms, the largest lubricant additives suppliers to Denmark were Germany ($5.4M), the U.S. ($5M) and the UK ($2.4M), with a combined 73% share of total imports. These countries were followed by France, Belgium, Poland and Sweden, which together accounted for a further 24%.

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

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In value terms, the largest markets for lubricant additives exported from Denmark were Sweden ($3.7M), Germany ($3.6M) and Belgium ($3.5M), together accounting for 33% of total exports. Norway, China, Israel, the UK, Ireland, France, Poland, Singapore, Peru and Lithuania lagged somewhat behind, together comprising a further 45%.

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

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In 2019, the average lubricant additives export price amounted to $3,449 per tonne, reducing by -3% against the previous year.

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

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In 2019, the average lubricant additives import price amounted to $3,653 per tonne, leveling off at the previous year.