Report Update Apr 1, 2024

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

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Ethiopia: Lubricating Oil Additive Market 2024

Lubricating Oil Additive Market Size in Ethiopia

The Ethiopian lubricating oil additive market totaled $X in 2022, with an increase of X% against the previous year. In general, consumption enjoyed a strong expansion. Lubricating oil additive consumption peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Lubricating Oil Additive Production in Ethiopia

In value terms, lubricating oil additive production amounted to $X in 2022 estimated in export price. In general, production recorded a resilient increase. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. Over the period under review, production attained the peak level at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Lubricating Oil Additive Exports

Exports from Ethiopia

In 2022, the amount of additives for lubricating oils exported from Ethiopia amounted to X kg, flattening at 2021 figures. In general, exports saw a sharp decrease. The smallest decline of X% was in 2016. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, lubricating oil additive exports amounted to $X in 2022. Over the period under review, exports showed a precipitous descent. The smallest decline of X% was in 2016. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Cote d'Ivoire (X kg) was the main destination for lubricating oil additive exports from Ethiopia, accounting for a approx. X% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Cote d'Ivoire was relatively modest.

From 2012 to 2022, the average annual rate of growth in terms of value to Cote d'Ivoire was relatively modest.

Export Prices by Country

The average lubricating oil additive export price stood at $X per ton in 2022, flattening at the previous year. Overall, the export price continues to indicate a remarkable increase. The pace of growth was the most pronounced in 2016 a decrease of X%. The export price peaked in 2022 and is likely to see steady growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for Cote d'Ivoire.

From 2012 to 2022, the rate of growth in terms of prices for Cote d'Ivoire amounted to X% per year.

Lubricating Oil Additive Imports

Imports into Ethiopia

In 2022, overseas purchases of additives for lubricating oils were finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports posted a resilient expansion. The growth pace was the most rapid in 2019 with an increase of X%. As a result, imports reached the peak of X tons. From 2020 to 2022, the growth of imports remained at a lower figure.

In value terms, lubricating oil additive imports soared to $X in 2022. Overall, imports enjoyed a remarkable increase. The growth pace was the most rapid in 2014 when imports increased by X%. Imports peaked at $X in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Germany (X tons) constituted the largest supplier of lubricating oil additive to Ethiopia, with a X% share of total imports. Moreover, lubricating oil additive imports from Germany exceeded the figures recorded by the second-largest supplier, the United Arab Emirates (X tons), twofold. China (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Germany amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (X% per year) and China (X% per year).

In value terms, Germany ($X), the United Arab Emirates ($X) and India ($X) appeared to be the largest lubricating oil additive suppliers to Ethiopia, with a combined X% share of total imports.

Among the main suppliers, the United Arab Emirates, with a CAGR of X%, saw 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 2022, the average lubricating oil additive import price amounted to $X per ton, dropping by X% against the previous year. In general, the import price recorded a pronounced curtailment. The pace of growth appeared the most rapid in 2016 an increase of X%. As a result, import price attained the peak level of $X per ton. From 2017 to 2022, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was India ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for additives for lubricating oils in the world?

The countries with the highest volumes of consumption in 2023 were China, the United States and India, together accounting for 42% of global consumption. Japan, Brazil, Indonesia, Russia, Mexico, Ethiopia, South Korea, Saudi Arabia, Democratic Republic of the Congo and Lithuania lagged somewhat behind, together accounting for a further 29%.

What are the largest producers of additives for lubricating oils in the world?

The countries with the highest volumes of production in 2022 were China, the United States and India, together comprising 42% of global production. Japan, Brazil, Russia, Indonesia, Mexico, Ethiopia, South Korea, Saudi Arabia, Democratic Republic of the Congo and Malta lagged somewhat behind, together comprising a further 29%.

What are the leading suppliers of additives for lubricating oils to Ethiopia?

In value terms, the largest lubricating oil additive suppliers to Ethiopia were Germany, the United Arab Emirates and India, together comprising 88% of total imports.

What is the average export price for additives for lubricating oils in Ethiopia?

In 2022, the average lubricating oil additive export price amounted to $10,243 per ton, approximately reflecting the previous year.

What is the average import price for additives for lubricating oils in Ethiopia?

In 2022, the average lubricating oil additive import price amounted to $2,276 per ton, dropping by -28.1% against the previous year.

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

Ethiopia

Data coverage:

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

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
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. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023