Indonesia: Lubricant Additives Market Overview 2021

Lubricant Additives Market Size in Indonesia

The Indonesian lubricant additives market reduced modestly to $X in 2019, approximately equating the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, the total consumption indicated a prominent expansion from 2007 to 2019: its value increased at an average annual rate of +X% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, consumption increased by +X% against 2017 indices. The pace of growth was the most pronounced in 2018 with an increase of X% y-o-y. As a result, consumption reached the peak level of $X, leveling off in the following year.

Lubricant Additives Exports

Exports from Indonesia

After two years of growth, overseas shipments of prepared additives for mineral oils decreased by -X% to X tonnes in 2019. Overall, exports, however, posted measured growth. The most prominent rate of growth was recorded in 2017 when exports increased by X% year-to-year. Over the period under review, exports hit record highs at X tonnes in 2014; however, from 2015 to 2019, exports remained at a lower figure.

In value terms, lubricant additives exports fell remarkably to $X in 2019. In general, exports, however, saw a resilient expansion. The most prominent rate of growth was recorded in 2010 with an increase of X% against the previous year. Exports peaked at $X in 2018, and then contracted sharply in the following year.

Exports by Country

The Philippines (X tonnes), South Africa (X tonnes) and Malaysia (X tonnes) were the main destinations of lubricant additives exports from Indonesia, together accounting for X% of total exports. These countries were followed by Papua New Guinea, Viet Nam, Pakistan and Thailand, which together accounted for a further X 2007 to 2019, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Papua New Guinea (+X% per year), while exports for the other leaders experienced more modest paces of growth.

In value terms, South Africa ($X), the Philippines ($X) and Malaysia ($X) constituted the largest markets for lubricant additives exported from Indonesia worldwide, together comprising X% of total exports. Papua New Guinea, Viet Nam, Pakistan and Thailand lagged somewhat behind, together comprising a further X New Guinea (+X% per year) saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average lubricant additives export price stood at $X per tonne in 2019, growing by X% against the previous year. Over the period under review, export price indicated noticeable growth from 2007 to 2019: its price increased at an average annual rate of +X% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, lubricant additives export price increased by +X% against 2015 indices. The most prominent rate of growth was recorded in 2010 when the average export price increased by X% against the previous year. The export price peaked in 2019 and is expected to retain growth in years to come.

There were significant differences in the average prices for the major foreign markets. In 2019, the country with the highest price was Papua New Guinea ($X per tonne), while the average price for exports to the Philippines ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to the Philippines, while the prices for the other major destinations experienced more modest paces of growth.

Lubricant Additives Imports

Imports into Indonesia

Lubricant additives imports into Indonesia fell to X tonnes in 2019, waning by -X% against the year before. Over the period under review, total imports indicated a noticeable expansion from 2007 to 2019: its volume increased at an average annual rate of +X% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, imports increased by +X% against 2015 indices. The most prominent rate of growth was recorded in 2018 when imports increased by X% year-to-year. As a result, imports reached the peak of X tonnes, and then declined in the following year.

In value terms, lubricant additives imports declined slightly to $X in 2019. Overall, total imports indicated a resilient increase from 2007 to 2019: its value increased at an average annual rate of +X% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, imports increased by +X% against 2017 indices. The most prominent rate of growth was recorded in 2008 when imports increased by X% y-o-y. Over the period under review, imports hit record highs at $X in 2018, and then fell modestly in the following year.

Imports by Country

In 2019, Singapore (X tonnes) constituted the largest supplier of lubricant additives to Indonesia, accounting for a X% share of total imports. Moreover, lubricant additives imports from Singapore exceeded the figures recorded by the second-largest supplier, China (X tonnes), threefold. The third position in this ranking was occupied by the U.S. (X tonnes), with a X% share.

From 2007 to 2019, the average annual growth rate of volume from Singapore totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+X% per year) and the U.S. (-X% per year).

In value terms, Singapore ($X) constituted the largest supplier of lubricant additives to Indonesia, comprising X% of total imports. The second position in the ranking was occupied by the U.S. ($X), with a X% share of total imports. It was followed by Japan, with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of value from Singapore totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: the U.S. (+X% per year) and Japan (+X% per year).

Import Prices by Country

The average lubricant additives import price stood at $X per tonne in 2019, surging by X% against the previous year. Over the period from 2007 to 2019, it increased at an average annual rate of +X%. The growth pace was the most rapid in 2008 an increase of X% against the previous year. The import price peaked at $X per tonne in 2013; however, from 2014 to 2019, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2019, the country with the highest price was Japan ($X per tonne), while the price for Thailand ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by the U.S., while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for prepared additives for mineral oils in the world?

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The country with the largest volume of lubricant additives consumption was China (1.6M tonnes), comprising approx. 21% of total volume. Moreover, lubricant additives consumption in China exceeded the figures recorded by the second-largest consumer, the U.S. (747K tonnes), twofold. India (565K tonnes) ranked third in terms of total consumption with a 7.4% share.

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

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The countries with the highest volumes of lubricant additives production in 2019 were the U.S. (1.4M tonnes), China (1.4M tonnes) and France (1M tonnes), together comprising 51% of global production. These countries were followed by India, Italy, Germany, Singapore, Japan, Belgium, Russia, Brazil and Mexico, which together accounted for a further 39%.

What are the leading suppliers of prepared additives for mineral oils to Indonesia?

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In value terms, Singapore ($111M) constituted the largest supplier of lubricant additives to Indonesia, comprising 39% of total imports. The second position in the ranking was occupied by the U.S. ($52M), with a 18% share of total imports. It was followed by Japan, with a 11% share.

What are the leading importers of prepared additives for mineral oils from Indonesia?

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In value terms, South Africa ($1.5M), the Philippines ($1.3M) and Malaysia ($823K) appeared to be the largest markets for lubricant additives exported from Indonesia worldwide, together accounting for 66% of total exports. Papua New Guinea, Viet Nam, Pakistan and Thailand lagged somewhat behind, together accounting for a further 20%.

What is the average export price for prepared additives for mineral oils in Indonesia?

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The average lubricant additives export price stood at $2,555 per tonne in 2019, picking up by 17% against the previous year.

What is the average import price for prepared additives for mineral oils in Indonesia?

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In 2019, the average lubricant additives import price amounted to $3,163 per tonne, picking up by 1.6% against the previous year.