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

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

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Hungary: Lubricating Oil Additive Market 2022

Lubricating Oil Additive Market Size in Hungary

In 2021, the Hungarian lubricating oil additive market decreased by -6.4% to $X for the first time since 2015, thus ending a five-year rising trend. In general, consumption, however, posted a resilient increase. Over the period under review, the market reached the maximum level at $X in 2020, and then contracted in the following year.

Lubricating Oil Additive Production in Hungary

In value terms, lubricating oil additive production contracted to $X in 2021 estimated in export price. Overall, production, however, saw a significant increase. The pace of growth appeared the most rapid in 2019 when the production volume increased by 394% against the previous year. Lubricating oil additive production peaked at $X in 2020, and then reduced in the following year.

Lubricating Oil Additive Exports

Exports from Hungary

In 2021, lubricating oil additive exports from Hungary reduced notably to X tons, with a decrease of -20.3% compared with the year before. Overall, exports recorded a abrupt slump. The pace of growth was the most pronounced in 2020 when exports increased by 43%. The exports peaked at X tons in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

In value terms, lubricating oil additive exports dropped rapidly to $X in 2021. In general, exports, however, showed a tangible expansion. The most prominent rate of growth was recorded in 2019 with an increase of 65%. The exports peaked at $X in 2020, and then contracted markedly in the following year.

Exports by Country

Italy (X tons) was the main destination for lubricating oil additive exports from Hungary, with a 76% share of total exports. Moreover, lubricating oil additive exports to Italy exceeded the volume sent to the second major destination, Germany (X tons), eightfold. Spain (X tons) ranked third in terms of total exports with a 3.7% share.

From 2012 to 2021, the average annual growth rate of volume to Italy totaled +241.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+12.7% per year) and Spain (+1,245.3% per year).

In value terms, Italy ($X) remains the key foreign market for lubricating oil additive exports from Hungary, comprising 78% of total exports. The second position in the ranking was held by Germany ($X), with a 9.3% share of total exports. It was followed by Romania, with a 3.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Italy amounted to +202.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+10.6% per year) and Romania (-7.3% per year).

Export Prices by Country

In 2021, the average lubricating oil additive export price amounted to $X per ton, approximately equating the previous year. Over the period under review, the export price posted a strong increase. The growth pace was the most rapid in 2019 when the average export price increased by 162%. As a result, the export price attained the peak level of $X per ton. From 2020 to 2021, the the average export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Slovenia ($X per ton), while the average price for exports to Poland ($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 Slovenia (+29.8%), while the prices for the other major destinations experienced more modest paces of growth.

Lubricating Oil Additive Imports

Imports into Hungary

Lubricating oil additive imports into Hungary contracted to X tons in 2021, waning by -6.9% compared with the previous year. The total import volume increased at an average annual rate of +3.2% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2017 with an increase of 16% against the previous year. As a result, imports reached the peak of X tons. From 2018 to 2021, the growth of imports remained at a lower figure.

In value terms, lubricating oil additive imports stood at $X in 2021. The total import value increased at an average annual rate of +4.6% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2017 when imports increased by 21%. Imports peaked in 2021 and are expected to retain growth in the near future.

Imports by Country

In 2021, France (X tons) constituted the largest supplier of lubricating oil additive to Hungary, with a 53% share of total imports. Moreover, lubricating oil additive imports from France exceeded the figures recorded by the second-largest supplier, Belgium (X tons), twofold. The third position in this ranking was held by Germany (X tons), with an 18% share.

From 2012 to 2021, the average annual growth rate of volume from France amounted to +13.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (-5.9% per year) and Germany (+7.3% per year).

In value terms, the largest lubricating oil additive suppliers to Hungary were France ($X), Belgium ($X) and Germany ($X), together comprising 91% of total imports.

In terms of the main suppliers, France, with a CAGR of +13.2%, 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 mixed trend patterns.

Import Prices by Country

The average lubricating oil additive import price stood at $X per ton in 2021, rising by 7.7% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.4%. The most prominent rate of growth was recorded in 2018 an increase of 14%. Over the period under review, average import prices hit record highs in 2021 and is expected to retain growth in years to come.

Average prices varied somewhat amongst the major supplying countries. In 2021, the countries with the highest prices were the Netherlands ($X per ton) and Belgium ($X per ton), while the price for France ($X per ton) and Germany ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+4.6%), while the prices for the other major suppliers experienced more modest paces of growth.

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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China remains the largest lubricating oil additive consuming country worldwide, comprising approx. 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?
+
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. India, Japan, Singapore, Russia, Italy, Brazil, Mexico, Belgium, Democratic Republic of the Congo and Canada lagged somewhat behind, together accounting for a further 39%.
What are the leading suppliers of additives for lubricating oils to Hungary?
+
In value terms, the largest lubricating oil additive suppliers to Hungary were France, Belgium and Germany, with a combined 91% share of total imports.
What are the leading importers of additives for lubricating oils from Hungary?
+
In value terms, Italy remains the key foreign market for lubricating oil additive exports from Hungary, comprising 78% of total exports. The second position in the ranking was held by Germany, with a 9.3% share of total exports. It was followed by Romania, with a 3.1% share.
What is the average export price for additives for lubricating oils in Hungary?
+
In 2021, the average lubricating oil additive export price amounted to $6,345 per ton, stabilizing at the previous year.
What is the average import price for additives for lubricating oils in Hungary?
+
In 2021, the average lubricating oil additive import price amounted to $5,121 per ton, with an increase of 7.7% against the previous year.

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

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