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

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

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Kuwait: Lubricating Oil Additive Market 2022

Lubricating Oil Additive Market Size in Kuwait

In 2021, the Kuwaiti lubricating oil additive market decreased by -34.8% to $X, falling for the sixth year in a row after four years of growth. Over the period under review, consumption continues to indicate a deep contraction. Lubricating oil additive consumption peaked at $X in 2015; however, from 2016 to 2021, consumption failed to regain momentum.

Lubricating Oil Additive Exports

Exports from Kuwait

In 2021, after four years of growth, there was significant decline in shipments abroad of additives for lubricating oils, when their volume decreased by -33.1% to X tons. Over the period under review, exports, however, recorded a strong increase. The most prominent rate of growth was recorded in 2020 with an increase of 181% against the previous year. As a result, the exports reached the peak of X tons, and then reduced notably in the following year.

In value terms, lubricating oil additive exports fell slightly to $X in 2021. Overall, exports, however, enjoyed a resilient expansion. The pace of growth appeared the most rapid in 2017 with an increase of 82%. Over the period under review, the exports hit record highs at $X in 2020, and then shrank modestly in the following year.

Exports by Country

The United Arab Emirates (X tons), Egypt (X tons) and Bahrain (X tons) were the main destinations of lubricating oil additive exports from Kuwait, with a combined 100% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Egypt (with a CAGR of +117.4%), while the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X) remains the key foreign market for lubricating oil additive exports from Kuwait, comprising 61% of total exports. The second position in the ranking was taken by Egypt ($X), with a 30% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to the United Arab Emirates amounted to +46.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Egypt (+39.3% per year) and Bahrain (+4.9% per year).

Export Prices by Country

In 2021, the average lubricating oil additive export price amounted to $X per ton, with an increase of 47% against the previous year. In general, the export price, however, saw a perceptible curtailment. The growth pace was the most rapid in 2013 an increase of 79%. As a result, the export price attained the peak level of $X per ton. From 2014 to 2021, the the average export prices remained at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Bahrain ($X per ton), while the average price for exports to Egypt ($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 Iraq (+81.7%), while the prices for the other major destinations experienced more modest paces of growth.

Lubricating Oil Additive Imports

Imports into Kuwait

For the sixth year in a row, Kuwait recorded decline in overseas purchases of additives for lubricating oils, which decreased by -38.2% to X tons in 2021. Overall, imports continue to indicate a drastic downturn. The most prominent rate of growth was recorded in 2013 when imports increased by 27% against the previous year. As a result, imports attained the peak of X tons. From 2014 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, lubricating oil additive imports reduced dramatically to $X in 2021. In general, imports recorded a abrupt slump. The pace of growth was the most pronounced in 2013 when imports increased by 37%. Imports peaked at $X in 2015; however, from 2016 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Oman (X tons) constituted the largest supplier of lubricating oil additive to Kuwait, accounting for a 67% share of total imports. Moreover, lubricating oil additive imports from Oman exceeded the figures recorded by the second-largest supplier, India (X tons), ninefold. The United Arab Emirates (X tons) ranked third in terms of total imports with a 5.5% share.

From 2012 to 2021, the average annual growth rate of volume from Oman stood at -15.4%. The remaining supplying countries recorded the following average annual rates of imports growth: India (-8.0% per year) and the United Arab Emirates (-28.4% per year).

In value terms, Oman ($X) constituted the largest supplier of lubricating oil additive to Kuwait, comprising 74% of total imports. The second position in the ranking was held by Germany ($X), with a 4.4% share of total imports. It was followed by India, with a 3.2% share.

From 2012 to 2021, the average annual growth rate of value from Oman totaled -8.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-19.9% per year) and India (-11.9% per year).

Import Prices by Country

In 2021, the average lubricating oil additive import price amounted to $X per ton, increasing by 7.9% against the previous year. Overall, import price indicated a prominent expansion from 2012 to 2021: its price increased at an average annual rate of +6.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, lubricating oil additive import price increased by +15.8% against 2018 indices. The growth pace was the most rapid in 2014 when the average import price increased by 46% against the previous year. The import price peaked in 2021 and is expected to retain growth in years to come.

Prices varied noticeably country of origin: the country with the highest price was Germany ($X per ton), while the price for Spain ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+18.6%), 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 constituted the country with the largest volume of lubricating oil additive consumption, 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. India ranked third in terms of total consumption 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. These countries were followed by India, Japan, Singapore, Russia, Italy, Brazil, Mexico, Belgium, Democratic Republic of the Congo and Canada, which together accounted for a further 39%.
What are the leading suppliers of additives for lubricating oils to Kuwait?
+
In value terms, Oman constituted the largest supplier of lubricating oil additive to Kuwait, comprising 74% of total imports. The second position in the ranking was taken by Germany, with a 4.4% share of total imports. It was followed by India, with a 3.2% share.
What are the leading importers of additives for lubricating oils from Kuwait?
+
In value terms, the United Arab Emirates remains the key foreign market for lubricating oil additive exports from Kuwait, comprising 61% of total exports. The second position in the ranking was taken by Egypt, with a 30% share of total exports.
What is the average export price for additives for lubricating oils in Kuwait?
+
In 2021, the average lubricating oil additive export price amounted to $3,527 per ton, picking up by 47% against the previous year.
What is the average import price for additives for lubricating oils in Kuwait?
+
The average lubricating oil additive import price stood at $3,602 per ton in 2021, surging by 7.9% against the previous year.

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

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