Pakistan: Lubricant Additives Market 2024

Lubricant Additives Market Size in Pakistan

The Pakistani lubricant additives market skyrocketed to $X in 2022, increasing 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. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Lubricant Additives Exports

Exports from Pakistan

Lubricant additives exports from Pakistan shrank sharply to X tons in 2022, which is down by X% on 2021 figures. Overall, exports, however, showed a remarkable increase. The growth pace was the most rapid in 2021 when exports increased by X%. Over the period under review, the exports hit record highs at X tons in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, lubricant additives exports amounted to $X in 2022. Over the period under review, exports, however, saw a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by X%. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

Thailand (X tons), Sri Lanka (X tons) and the United Arab Emirates (X tons) were the main destinations of lubricant additives exports from Pakistan, with a combined X% share of total exports. Singapore lagged somewhat behind, comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Singapore (with a CAGR of X.0%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for lubricant additives exported from Pakistan were Thailand ($X), Sri Lanka ($X) and the United Arab Emirates ($X), with a combined X% share of total exports. Singapore lagged somewhat behind, comprising a further X%.

Singapore, with a CAGR of X.7%, recorded 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

In 2022, the average lubricant additives export price amounted to $X per ton, surging by X% against the previous year. In general, the export price posted a slight increase. The most prominent rate of growth was recorded in 2016 an increase of X%. As a result, the export price attained the peak level of $X per ton. From 2017 to 2022, the average export prices failed to regain momentum.

Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Thailand ($X per ton) and the United Arab Emirates ($X per ton), while the average price for exports to Singapore ($X per ton) and Sri Lanka ($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 the United States (X%), while the prices for the other major destinations experienced more modest paces of growth.

Lubricant Additives Imports

Imports into Pakistan

For the third consecutive year, Pakistan recorded growth in overseas purchases of prepared additives for mineral oils, which increased by X% to X tons in 2022. Over the period under review, imports recorded a buoyant increase. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. Over the period under review, imports reached the maximum in 2022 and are likely to see steady growth in the immediate term.

In value terms, lubricant additives imports surged 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 in certain years. The most prominent rate of growth was recorded in 2014 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum in 2022 and are likely to see steady growth in years to come.

Imports by Country

In 2022, Singapore (X tons) constituted the largest lubricant additives supplier to Pakistan, accounting for a X% share of total imports. Moreover, lubricant additives imports from Singapore exceeded the figures recorded by the second-largest supplier, France (X tons), sixfold. The third position in this ranking was held by the United States (X tons), with an X% share.

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

In value terms, Singapore ($X) constituted the largest supplier of prepared additives for mineral oils to Pakistan, comprising X% of total imports. The second position in the ranking was held by the United States ($X), with an X% share of total imports. It was followed by France, with a X% share.

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

Import Prices by Country

In 2022, the average lubricant additives import price amounted to $X per ton, dropping by X% against the previous year. In general, the import price continues to indicate a pronounced downturn. The most prominent rate of growth was recorded in 2016 when the average import price increased by X%. As a result, import price attained the peak level of $X per ton. From 2017 to 2022, the average import prices remained at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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