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Philippines - Prepared Additives For Mineral Oils - Market Analysis, Forecast, Size, Trends and Insights
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Philippines: Lubricant Additives Market Overview 2021

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Lubricant Additives Market Size in the Philippines

In 2019, the Philippine lubricant additives market decreased by -X% to $X for the first time since 2012, thus ending a six-year rising trend. Overall, consumption continues to indicate a mild downturn. The pace of growth appeared the most rapid in 2013 when the market value increased by X% y-o-y. Over the period under review, the market hit record highs at $X in 2007; however, from 2008 to 2019, consumption stood at a somewhat lower figure.

Lubricant Additives Production in the Philippines

In value terms, lubricant additives production declined modestly to $X in 2019 estimated in export prices. Over the period under review, production showed a mild reduction. The growth pace was the most rapid in 2013 when the production volume increased by X% against the previous year. Over the period under review, production reached the maximum level at $X in 2007; however, from 2008 to 2019, production stood at a somewhat lower figure.

Lubricant Additives Exports

Exports from the Philippines

In 2019, shipments abroad of prepared additives for mineral oils decreased by -X% to X tonnes, falling for the third year in a row after ten years of growth. Overall, exports, however, enjoyed strong growth. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Exports peaked at X tonnes in 2016; however, from 2017 to 2019, exports stood at a somewhat lower figure.

In value terms, lubricant additives exports contracted to $X in 2019. Over the period under review, exports, however, showed a strong expansion. The pace of growth appeared the most rapid in 2013 with an increase of X% y-o-y. Over the period under review, exports attained the maximum at $X in 2016; however, from 2017 to 2019, exports failed to regain the momentum.

Exports by Country

Malaysia (X tonnes) was the main destination for lubricant additives exports from the Philippines, with a X% share of total exports. Moreover, lubricant additives exports to Malaysia exceeded the volume sent to the second major destination, Australia (X tonnes), twofold. Thailand (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 Malaysia amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Australia (+X% per year) and Thailand (+X% per year).

In value terms, Malaysia ($X) remains the key foreign market for lubricant additives exports from the Philippines, comprising X% of total exports. The second position in the ranking was occupied by Thailand ($X), with a X% share of total exports. It was followed by Australia, with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of value to Malaysia amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Thailand (+X% per year) and Australia (+X% per year).

Export Prices by Country

The average lubricant additives export price stood at $X per tonne in 2019, rising by X% against the previous year. In general, the export price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 an increase of X% y-o-y. The export price peaked at $X per tonne in 2007; however, from 2008 to 2019, export prices failed to regain the momentum.

There were significant differences in the average prices for the major external markets. In 2019, the country with the highest price was Taiwan (Chinese) ($X per tonne), while the average price for exports to Australia ($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 New Zealand, while the prices for the other major destinations experienced more modest paces of growth.

Lubricant Additives Imports

Imports into the Philippines

In 2019, purchases abroad of prepared additives for mineral oils decreased by -X% to X tonnes, falling for the second year in a row after four years of growth. In general, imports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2010 when imports increased by X% against the previous year. Imports peaked at X tonnes in 2017; however, from 2018 to 2019, imports failed to regain the momentum.

In value terms, lubricant additives imports dropped to $X in 2019. Over the period under review, imports, however, continue to indicate a strong expansion. The pace of growth appeared the most rapid in 2010 when imports increased by X% y-o-y. Over the period under review, imports reached the peak figure at $X in 2018, and then shrank in the following year.

Imports by Country

In 2019, Singapore (X tonnes) constituted the largest supplier of lubricant additives to the Philippines, with a X% share of total imports. Moreover, lubricant additives imports from Singapore exceeded the figures recorded by the second-largest supplier, the UK (X tonnes), threefold. Hong Kong SAR (X tonnes) ranked third in terms of total imports 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: the UK (+X% per year) and Hong Kong SAR (+X% per year).

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

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

Import Prices by Country

In 2019, the average lubricant additives import price amounted to $X per tonne, with an increase of X% against the previous year. In general, import price indicated a resilient increase from 2007 to 2019: its price 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, lubricant additives import price increased by +X% against 2015 indices. The pace of growth was the most pronounced in 2010 when the average import price increased by X% year-to-year. The import price peaked in 2019 and is expected to retain growth in years to come.

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

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by China, 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?
+
China (1.6M tonnes) remains the largest lubricant additives consuming country worldwide, 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. The third position in this ranking was occupied by India (565K tonnes), with a 7.4% share.
What are the largest producers of prepared additives for mineral oils in the world?
+
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. 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 the Philippines?
+
In value terms, Singapore ($22M) constituted the largest supplier of lubricant additives to the Philippines, comprising 40% of total imports. The second position in the ranking was occupied by the UK ($10M), with a 19% share of total imports. It was followed by the U.S., with a 10% share.
What are the leading importers of prepared additives for mineral oils from the Philippines?
+
In value terms, Malaysia ($12M) remains the key foreign market for lubricant additives exports from the Philippines, comprising 48% of total exports. The second position in the ranking was occupied by Thailand ($4.7M), with a 19% share of total exports. It was followed by Australia, with a 11% share.
What is the average export price for prepared additives for mineral oils in the Philippines?
+
The average lubricant additives export price stood at $3,134 per tonne in 2019, rising by 2.8% against the previous year.
What is the average import price for prepared additives for mineral oils in the Philippines?
+
The average lubricant additives import price stood at $4,346 per tonne in 2019, surging by 2.7% against the previous year.

Product coverage:
• Prodcom 20594250 - Anti-knock preparations
• Prodcom 20594270 - Additives for lubricating oils
• Prodcom 20594290 - Additives for mineral oils or for other liquids used for the same purpose as mineral oils (including gasoline) (excluding anti-knock preparations, additives for lubricating oils)

This report provides an in-depth analysis of the lubricant additives market in the Philippines. 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 2025.


Country coverage:
• Philippines

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in the Philippines
• 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
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
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 PRODUCTS

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 2007–2019
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2019
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 2019
Table 2:
Market Volume, In Physical Terms, 2007–2019
Table 3:
Market Value, 2007–2019
Table 4:
Per Capita Consumption In 2007–2019
Table 5:
Imports, In Physical Terms, By Country, 2007–2019
Table 6:
Imports, In Value Terms, By Country, 2007–2019
Table 7:
Import Prices, By Country Of Origin, 2007–2019
Table 8:
Exports, In Physical Terms, By Country, 2007–2019
Table 9:
Exports, In Value Terms, By Country, 2007–2019
Table 10:
Export Prices, By Country Of Destination, 2007–2019
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2019
Figure 2:
Market Value, 2007–2019
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2019
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2019
Figure 5:
Trade Balance, In Physical Terms, 2007–2019
Figure 6:
Trade Balance, In Value Terms, 2007–2019
Figure 7:
Per Capita Consumption, 2007–2019
Figure 8:
Market Forecast To 2025
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, 2007–2019
Figure 21:
Production, In Value Terms, 2007–2019
Figure 22:
Imports, In Physical Terms, 2007–2019
Figure 23:
Imports, In Value Terms, 2007–2019
Figure 24:
Imports, In Physical Terms, By Country, 2019
Figure 25:
Imports, In Physical Terms, By Country, 2007–2019
Figure 26:
Imports, In Value Terms, By Country, 2007–2019
Figure 27:
Import Prices, By Country Of Origin, 2007–2019
Figure 28:
Exports, In Physical Terms, 2007–2019
Figure 29:
Exports, In Value Terms, 2007–2019
Figure 30:
Exports, In Physical Terms, By Country, 2019
Figure 31:
Exports, In Physical Terms, By Country, 2007–2019
Figure 32:
Exports, In Value Terms, By Country, 2007–2019
Figure 33:
Export Prices, By Country Of Destination, 2007–2019

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