Israel: Lubricant Additives Market Overview 2021

Lubricant Additives Market Size in Israel

The Israeli lubricant additives market rose markedly to $X in 2019, 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% over the period from 2007 to 2019; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2011 when the market value increased by X% against the previous year. Lubricant additives consumption peaked at $X in 2014; however, from 2015 to 2019, consumption failed to regain the momentum.

Lubricant Additives Exports

Exports from Israel

In 2019, approx. X tonnes of prepared additives for mineral oils were exported from Israel; dropping by -X% against 2018. Overall, exports faced a drastic downturn. The most prominent rate of growth was recorded in 2015 when exports increased by X% against the previous year. Over the period under review, exports reached the maximum at X tonnes in 2011; however, from 2012 to 2019, exports remained at a lower figure.

In value terms, lubricant additives exports contracted notably to $X in 2019. Over the period under review, exports saw a noticeable curtailment. The pace of growth was the most pronounced in 2015 when exports increased by X% y-o-y. Exports peaked at $X in 2011; however, from 2012 to 2019, exports stood at a somewhat lower figure.

Exports by Country

Chile (X tonnes) was the main destination for lubricant additives exports from Israel, accounting for a X% share of total exports. Moreover, lubricant additives exports to Chile exceeded the volume sent to the second major destination, South Africa (X tonnes), threefold. India (X tonnes) ranked third in terms of total exports with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of volume to Chile amounted to -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Africa (-X% per year) and India (+X% per year).

In value terms, Chile ($X) emerged as the key foreign market for lubricant additives exports from Israel, comprising X% of total exports. The second position in the ranking was occupied by South Africa ($X), with a X% share of total exports. It was followed by India, with a X% share.

From 2007 to 2019, the average annual growth rate of value to Chile amounted to -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Africa (-X% per year) and India (+X% per year).

Export Prices by Country

The average lubricant additives export price stood at $X per tonne in 2019, growing by X% against the previous year. Overall, the export price saw a strong expansion. The most prominent rate of growth was recorded in 2011 an increase of X% year-to-year. Over the period under review, average export prices attained the maximum in 2019 and is likely to see gradual growth in years to come.

Average prices varied noticeably for the major external markets. In 2019, the highest prices were recorded for prices to South Africa ($X per tonne) and the U.S. ($X per tonne), while the average price for exports to India ($X per tonne) and Chile ($X per tonne) were amongst the lowest.

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

Lubricant Additives Imports

Imports into Israel

In 2019, imports of prepared additives for mineral oils into Israel rose rapidly to X tonnes, increasing by X% compared with the previous year's figure. Overall, imports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2011 when imports increased by X% y-o-y. As a result, imports reached the peak of X tonnes. From 2012 to 2019, the growth imports remained at a somewhat lower figure.

In value terms, lubricant additives imports rose markedly to $X in 2019. The total import value increased at an average annual rate of +X% over the period from 2007 to 2019; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2011 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure at $X in 2014; however, from 2015 to 2019, imports failed to regain the momentum.

Imports by Country

Germany (X tonnes), Italy (X tonnes) and France (X tonnes) were the main suppliers of lubricant additives imports to Israel, together comprising X% of total imports. The U.S., Belgium, Greece and the UK lagged somewhat behind, together accounting for a further X 2007 to 2019, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Greece, while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Italy ($X) and the U.S. ($X) constituted the largest lubricant additives suppliers to Israel, together accounting for X% of total imports. These countries were followed by France, Belgium, Greece and the UK, which together accounted for a further X terms of the main suppliers, Greece recorded 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

The average lubricant additives import price stood at $X per tonne in 2019, remaining relatively unchanged against the previous year. Over the last twelve years, it increased at an average annual rate of +X%. The pace of growth was the most pronounced in 2010 when the average import price increased by X% y-o-y. Over the period under review, average import prices reached the peak figure at $X per tonne in 2014; however, from 2015 to 2019, import prices failed to regain the momentum.

Average prices varied noticeably amongst the major supplying countries. In 2019, the highest prices were recorded for prices from Greece ($X per tonne) and Italy ($X per tonne), while the price for Germany ($X per tonne) and the UK ($X per tonne) were amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Italy, 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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China (1.6M tonnes) constituted the country with the largest volume of lubricant additives consumption, accounting for 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 accounting for 51% of global production. India, Italy, Germany, Singapore, Japan, Belgium, Russia, Brazil and Mexico lagged somewhat behind, together comprising a further 39%.

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

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In value terms, Germany ($4.1M), Italy ($3.7M) and the U.S. ($3.6M) constituted the largest lubricant additives suppliers to Israel, together comprising 51% of total imports. France, Belgium, Greece and the UK lagged somewhat behind, together comprising a further 40%.

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

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In value terms, Chile ($251K) emerged as the key foreign market for lubricant additives exports from Israel, comprising 66% of total exports. The second position in the ranking was occupied by South Africa ($79K), with a 21% share of total exports. It was followed by India, with a 8.8% share.

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

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In 2019, the average lubricant additives export price amounted to $8,597 per tonne, rising by 19% against the previous year.

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

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The average lubricant additives import price stood at $3,708 per tonne in 2019, remaining relatively unchanged against the previous year.