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

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

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Ecuador: Lubricating Oil Additive Market 2022

Lubricating Oil Additive Market Size in Ecuador

After six years of decline, the Ecuadorian lubricating oil additive market increased by 4% to $X in 2021. Overall, consumption continues to indicate a perceptible decrease. As a result, consumption attained the peak level of $X. From 2015 to 2021, the growth of the market failed to regain momentum.

Lubricating Oil Additive Exports

Exports from Ecuador

In 2021, the amount of additives for lubricating oils exported from Ecuador contracted markedly to X tons, falling by -44.7% against the previous year. In general, exports continue to indicate a deep slump. The pace of growth was the most pronounced in 2020 when exports increased by 446% against the previous year. The exports peaked at X tons in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

In value terms, lubricating oil additive exports dropped remarkably to $X in 2021. Over the period under review, exports faced a abrupt decrease. The pace of growth was the most pronounced in 2020 when exports increased by 354%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Peru (X tons) was the main destination for lubricating oil additive exports from Ecuador, accounting for a 89% share of total exports. Moreover, lubricating oil additive exports to Peru exceeded the volume sent to the second major destination, the United States (X tons), tenfold. Colombia (X kg) ranked third in terms of total exports with a 0.7% share.

From 2012 to 2021, the average annual growth rate of volume to Peru totaled +38.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-31.4% per year) and Colombia (-39.4% per year).

In value terms, Peru ($X) remains the key foreign market for lubricating oil additive exports from Ecuador, comprising 86% of total exports. The second position in the ranking was taken by the United States ($X), with a 7.5% share of total exports. It was followed by Colombia, with a 5% share.

From 2012 to 2021, the average annual growth rate of value to Peru totaled +37.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-36.8% per year) and Colombia (-22.5% per year).

Export Prices by Country

The average lubricating oil additive export price stood at $X per ton in 2021, reducing by -8.7% against the previous year. Overall, the export price recorded a abrupt shrinkage. The pace of growth was the most pronounced in 2019 when the average export price increased by 48%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Colombia ($X per ton), while the average price for exports to the United States ($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 Colombia (+27.9%), while the prices for the other major destinations experienced mixed trend patterns.

Lubricating Oil Additive Imports

Imports into Ecuador

In 2021, supplies from abroad of additives for lubricating oils decreased by -1.2% to X tons, falling for the seventh consecutive year after three years of growth. Over the period under review, imports showed a pronounced curtailment. The most prominent rate of growth was recorded in 2014 when imports increased by 19%. As a result, imports reached the peak of X tons. From 2015 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, lubricating oil additive imports amounted to $X in 2021. In general, imports saw a noticeable downturn. The most prominent rate of growth was recorded in 2014 with an increase of 15%. As a result, imports attained the peak of $X. From 2015 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, the United States (X tons) constituted the largest supplier of lubricating oil additive to Ecuador, with a 79% share of total imports. Moreover, lubricating oil additive imports from the United States exceeded the figures recorded by the second-largest supplier, France (X tons), sevenfold. The third position in this ranking was held by Belgium (X tons), with a 2.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United States totaled -2.5%. The remaining supplying countries recorded the following average annual rates of imports growth: France (-4.6% per year) and Belgium (+6.2% per year).

In value terms, the United States ($X) constituted the largest supplier of lubricating oil additive to Ecuador, comprising 78% of total imports. The second position in the ranking was taken by France ($X), with a 12% share of total imports. It was followed by Belgium, with a 2.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the United States totaled -2.5%. The remaining supplying countries recorded the following average annual rates of imports growth: France (-7.0% per year) and Belgium (+2.8% per year).

Import Prices by Country

In 2021, the average lubricating oil additive import price amounted to $X per ton, picking up by 6.4% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 when the average import price increased by 6.8%. The import price peaked at $X per ton in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In 2021, the highest price was recorded for prices from Italy ($X per ton) and France ($X per ton), while the price for Belgium ($X per ton) and the United States ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+0.0%), while the prices for the other major suppliers experienced a decline.

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?
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The country with the largest volume of lubricating oil additive consumption was China, accounting for 23% of total volume. Moreover, lubricating oil additive consumption in China exceeded the figures recorded by the second-largest consumer, the United States, twofold. The third position in this ranking was held by India, with an 8.8% share.
What are the largest producers of additives for lubricating oils in the world?
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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. These countries were followed by India, Japan, Singapore, Russia, Italy, Brazil, Mexico, Belgium, Democratic Republic of the Congo and Canada, which together accounted for a further 39%.
What are the leading suppliers of additives for lubricating oils to Ecuador?
+
In value terms, the United States constituted the largest supplier of lubricating oil additive to Ecuador, comprising 78% of total imports. The second position in the ranking was held by France, with a 12% share of total imports. It was followed by Belgium, with a 2.3% share.
What are the leading importers of additives for lubricating oils from Ecuador?
+
In value terms, Peru remains the key foreign market for lubricating oil additive exports from Ecuador, comprising 86% of total exports. The second position in the ranking was held by the United States, with a 7.5% share of total exports. It was followed by Colombia, with a 5% share.
What is the average export price for additives for lubricating oils in Ecuador?
+
The average lubricating oil additive export price stood at $4,044 per ton in 2021, declining by -8.7% against the previous year.
What is the average import price for additives for lubricating oils in Ecuador?
+
In 2021, the average lubricating oil additive import price amounted to $4,131 per ton, growing by 6.4% against the previous year.

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

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in Ecuador
• 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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