Europe: Lubricating Oil Additive Market 2024

Lubricating Oil Additive Market Size in Europe

The Europe lubricating oil additive market amounted to $X in 2022, rising by X% against the previous year. In general, consumption, however, saw a slight decrease. The pace of growth was the most pronounced in 2018 when the market value increased by X% against the previous year. The level of consumption peaked at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Lubricating Oil Additive Production in Europe

In value terms, lubricating oil additive production rose sharply to $X in 2022 estimated in export price. Overall, production, however, recorded a relatively flat trend pattern. The level of production peaked at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

Lubricating Oil Additive Exports

Exports in Europe

In 2022, overseas shipments of additives for lubricating oils decreased by X% to X tons for the first time since 2018, thus ending a three-year rising trend. The total export volume increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. As a result, the exports attained the peak of X tons, and then declined in the following year.

In value terms, lubricating oil additive exports expanded rapidly to $X in 2022. The total export value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of X%. The level of export peaked in 2022 and is likely to see steady growth in the immediate term.

Exports by Country

In 2022, France (X tons) represented the largest exporter of additives for lubricating oils, mixing up X% of total exports. Italy (X tons) held the second position in the ranking, followed by Belgium (X tons) and Germany (X tons). All these countries together took near X% share of total exports. The Netherlands (X tons) took a relatively small share of total exports.

France experienced a relatively flat trend pattern with regard to volume of exports of additives for lubricating oils. At the same time, Belgium (X%), Italy (X%) and the Netherlands (X%) displayed positive paces of growth. Moreover, Belgium emerged as the fastest-growing exporter exported in Europe, with a CAGR of X% from 2012-2022. Germany experienced a relatively flat trend pattern. From 2012 to 2022, the share of Belgium increased by X percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, France ($X), Italy ($X) and Belgium ($X) appeared to be the countries with the highest levels of exports in 2022, together accounting for X% of total exports.

In terms of the main exporting countries, Belgium, with a CAGR of X%, saw 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 Europe amounted to $X per ton, surging by X% against the previous year. Overall, the export price recorded a relatively flat trend pattern. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Germany ($X per ton), while France ($X per ton) was amongst the lowest.

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

Lubricating Oil Additive Imports

Imports in Europe

In 2022, after six years of growth, there was significant decline in overseas purchases of additives for lubricating oils, when their volume decreased by X% to X tons. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The pace of growth was the most pronounced in 2020 with an increase of X%. The volume of import peaked at X tons in 2021, and then dropped in the following year.

In value terms, lubricating oil additive imports expanded notably to $X in 2022. The total import value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The level of import peaked in 2022 and is likely to see steady growth in the immediate term.

Imports by Country

In 2022, Belgium (X tons), distantly followed by France (X tons), Germany (X tons), Italy (X tons), the Netherlands (X tons), Russia (X tons) and Spain (X tons) represented the main importers of additives for lubricating oils, together comprising X% of total imports.

From 2012 to 2022, the biggest increases were recorded for Russia (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Belgium ($X), Germany ($X) and France ($X) constituted the countries with the highest levels of imports in 2022, together comprising X% of total imports. Italy, the Netherlands, Russia and Spain lagged somewhat behind, together accounting for a further X%.

Russia, with a CAGR of X%, saw the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Europe stood at $X per ton in 2022, rising by X% against the previous year. Overall, the import price saw a relatively flat trend pattern. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Germany ($X per ton) and France ($X per ton), while Belgium ($X per ton) and Italy ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform

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