Israel: Lubricating Oil Additive Market 2024

Lubricating Oil Additive Market Size in Israel

The Israeli lubricating oil additive market soared to $X in 2022, growing by X% against 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). The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Lubricating oil additive consumption peaked in 2022 and is likely to see gradual growth in the immediate term.

Lubricating Oil Additive Exports

Exports from Israel

Lubricating oil additive exports from Israel dropped significantly to X tons in 2022, which is down by X% compared with 2021 figures. Over the period under review, exports, however, showed a significant expansion. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. The exports peaked at X tons in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, lubricating oil additive exports declined significantly to $X in 2022. Overall, exports, however, showed a significant expansion. The pace of growth appeared the most rapid in 2013 with an increase of X%. Over the period under review, the exports hit record highs at $X in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

Exports by Country

India (X tons), Slovenia (X tons) and the United States (X tons) were the main destinations of lubricating oil additive exports from Israel, with a combined X% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Slovenia (with a CAGR of X%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, the largest markets for lubricating oil additive exported from Israel were India ($X), Slovenia ($X) and the United States ($X), together accounting for X% of total exports.

Slovenia, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2022, the average lubricating oil additive export price amounted to $X per ton, increasing by X% against the previous year. Overall, the export price, however, saw a perceptible decrease. The growth pace was the most rapid in 2015 an increase of X% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Japan ($X per ton) and Slovenia ($X per ton), while the average price for exports to the United States ($X per ton) and India ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (X%), while the prices for the other major destinations experienced more modest paces of growth.

Lubricating Oil Additive Imports

Imports into Israel

In 2022, lubricating oil additive imports into Israel stood at X tons, picking up by X% against 2021. The total import volume increased at an average annual rate of X% from 2012 to 2022; however, 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%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.

In value terms, lubricating oil additive imports skyrocketed to $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; however, 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. Over the period under review, imports attained the maximum in 2022 and are likely to see gradual growth in the near future.

Imports by Country

In 2022, Greece (X tons) constituted the largest supplier of lubricating oil additive to Israel, with a X% share of total imports. Moreover, lubricating oil additive imports from Greece exceeded the figures recorded by the second-largest supplier, the UK (X tons), fourfold. The third position in this ranking was taken by France (X tons), with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Greece totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (X% per year) and France (X% per year).

In value terms, Greece ($X) constituted the largest supplier of additives for lubricating oils to Israel, comprising X% of total imports. The second position in the ranking was held by the UK ($X), with a X% share of total imports. It was followed by France, with an X% share.

From 2012 to 2022, the average annual growth rate of value from Greece amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (X% per year) and France (X% per year).

Import Prices by Country

The average lubricating oil additive import price stood at $X per ton in 2022, increasing by X% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. Over the period under review, average import prices reached the maximum at $X per ton in 2015; however, from 2016 to 2022, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Italy ($X per ton) and Germany ($X per ton), while the price for Greece ($X per ton) and France ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform

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