Eastern Europe: Lubricant Additives Market 2024

Lubricant Additives Market Size in Eastern Europe

The East European lubricant additives market contracted rapidly to $X in 2022, waning by X% against the previous year. Over the period under review, consumption showed a deep contraction. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market failed to regain momentum.

Lubricant Additives Production in Eastern Europe

In value terms, lubricant additives production shrank modestly to $X in 2022 estimated in export price. Overall, production recorded a deep slump. The growth pace was the most rapid in 2016 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

Lubricant Additives Exports

Exports in Eastern Europe

In 2022, shipments abroad of prepared additives for mineral oils increased by X% to X tons, rising for the sixth year in a row after two years of decline. Over the period under review, exports continue to indicate a strong expansion. The pace of growth was the most pronounced in 2014 when exports increased by X%. As a result, the exports attained the peak of X tons. From 2015 to 2022, the growth of the exports remained at a lower figure.

In value terms, lubricant additives exports expanded sharply to $X in 2022. Overall, exports enjoyed resilient growth. The most prominent rate of growth was recorded in 2014 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X. From 2015 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

In 2022, Russia (X tons) represented the major exporter of prepared additives for mineral oils, achieving X% of total exports. Belarus (X tons) held a X% share (based on physical terms) of total exports, which put it in second place, followed by Slovakia (X%). Poland (X tons), Lithuania (X tons), Hungary (X tons) and Latvia (X tons) held a relatively small share of total exports.

Russia was also the fastest-growing in terms of the prepared additives for mineral oils exports, with a CAGR of X% from 2012 to 2022. At the same time, Latvia (X%), Poland (X%) and Lithuania (X%) displayed positive paces of growth. Belarus experienced a relatively flat trend pattern. By contrast, Hungary (X%) and Slovakia (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Russia increased by X percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X), Belarus ($X) and Slovakia ($X) appeared to be the countries with the highest levels of exports in 2022, together comprising X% of total exports. Poland, Lithuania, Hungary and Latvia lagged somewhat behind, together comprising a further X%.

In terms of the main exporting countries, Lithuania, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in Eastern Europe amounted to $X per ton, stabilizing at the previous year. Overall, the export price recorded a mild contraction. The pace of growth appeared the most rapid in 2021 when the export price increased by X% against the previous year. The level of export peaked at $X per ton in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Poland ($X per ton), while Russia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Lithuania (X%), while the other leaders experienced more modest paces of growth.

Lubricant Additives Imports

Imports in Eastern Europe

In 2022, after six years of growth, there was significant decline in purchases abroad of prepared additives for mineral oils, when their volume decreased by X% to X tons. In general, imports, however, posted a prominent expansion. The pace of growth was the most pronounced in 2019 when imports increased by X%. Over the period under review, imports attained the maximum at X tons in 2021, and then shrank significantly in the following year.

In value terms, lubricant additives imports dropped markedly to $X in 2022. Over the period under review, imports, however, enjoyed a prominent increase. The pace of growth was the most pronounced in 2019 when imports increased by X% against the previous year. The level of import peaked at $X in 2021, and then dropped rapidly in the following year.

Imports by Country

Russia represented the key importer of prepared additives for mineral oils in Eastern Europe, with the volume of imports accounting for X tons, which was near X% of total imports in 2022. Poland (X tons) held the second position in the ranking, distantly followed by Hungary (X tons), Lithuania (X tons) and Romania (X tons). All these countries together held near X% share of total imports. The following importers - Belarus (X tons) and the Czech Republic (X tons) - each recorded a X% share of total imports.

Imports into Russia increased at an average annual rate of X% from 2012 to 2022. At the same time, Hungary (X%), Poland (X%), Lithuania (X%), Belarus (X%) and Romania (X%) displayed positive paces of growth. Moreover, Hungary emerged as the fastest-growing importer imported in Eastern Europe, with a CAGR of X% from 2012-2022. By contrast, the Czech Republic (X%) illustrated a downward trend over the same period. While the share of Hungary (X p.p.), Poland (X p.p.) and Russia (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of the Czech Republic (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) constitutes the largest market for imported prepared additives for mineral oils in Eastern Europe, comprising X% of total imports. The second position in the ranking was taken by Poland ($X), with a X% share of total imports. It was followed by Lithuania, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Russia stood at X%. The remaining importing countries recorded the following average annual rates of imports growth: Poland (X% per year) and Lithuania (X% per year).

Import Prices by Country

In 2022, the import price in Eastern Europe amounted to $X per ton, surging by X% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. As a result, import price attained 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 Belarus ($X per ton), while Hungary ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belarus (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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