Portugal: Lubricant Additives Market Overview 2021

Lubricant Additives Market Size in Portugal

After three years of growth, the Portuguese lubricant additives market decreased by -X% to $X in 2019. Overall, the total consumption indicated notable growth from 2007 to 2019: its value 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. The pace of growth appeared the most rapid in 2010 with an increase of X% y-o-y. Lubricant additives consumption peaked at $X in 2018, and then reduced in the following year.

Lubricant Additives Production in Portugal

In value terms, lubricant additives production reduced to $X in 2019 estimated in export prices. Over the period under review, production saw a abrupt contraction. The pace of growth appeared the most rapid in 2012 with an increase of X% year-to-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 Portugal

In 2019, approx. X tonnes of prepared additives for mineral oils were exported from Portugal; shrinking by -X% on the previous year. In general, exports continue to indicate a deep slump. The pace of growth appeared the most rapid in 2011 when exports increased by X% against the previous year. Over the period under review, exports reached the maximum at X tonnes in 2014; however, from 2015 to 2019, exports stood at a somewhat lower figure.

In value terms, lubricant additives exports reduced notably to $X in 2019. Over the period under review, exports recorded a mild downturn. The most prominent rate of growth was recorded in 2011 with an increase of X% y-o-y. Exports peaked at $X in 2018, and then dropped dramatically in the following year.

Exports by Country

Angola (X tonnes), Spain (X tonnes) and Mozambique (X tonnes) were the main destinations of lubricant additives exports from Portugal, together accounting for X% of total exports.

From 2007 to 2019, the biggest increases were in Spain (+X% per year), while shipments for the other leaders experienced mixed trend patterns.

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

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

Export Prices by Country

In 2019, the average lubricant additives export price amounted to $X per tonne, rising by X% against the previous year. In general, the export price saw prominent growth. As a result, export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2019, the country with the highest price was Spain ($X per tonne), while the average price for exports to Angola ($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 Cabo Verde, while the prices for the other major destinations experienced more modest paces of growth.

Lubricant Additives Imports

Imports into Portugal

After three years of growth, purchases abroad of prepared additives for mineral oils decreased by -X% to X tonnes in 2019. In general, imports, however, showed a strong expansion. The pace of growth was the most pronounced in 2010 when imports increased by X% year-to-year. Over the period under review, imports reached the peak figure at X tonnes in 2018, and then reduced modestly in the following year.

In value terms, lubricant additives imports dropped notably to $X in 2019. Overall, total imports indicated perceptible growth from 2007 to 2019: its value 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. The most prominent rate of growth was recorded in 2010 when imports increased by X% y-o-y. Imports peaked at $X in 2018, and then declined sharply in the following year.

Imports by Country

In 2019, Spain (X tonnes) constituted the largest lubricant additives supplier to Portugal, with a X% share of total imports. Moreover, lubricant additives imports from Spain exceeded the figures recorded by the second-largest supplier, France (X tonnes), twofold. Belgium (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 Spain totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+X% per year) and Belgium (+X% per year).

In value terms, the largest lubricant additives suppliers to Portugal were France ($X), Spain ($X) and Belgium ($X), with a combined X% share of total imports. These countries were followed by Germany, Italy, the Netherlands and the UK, which together accounted for a further X saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2019, the average lubricant additives import price amounted to $X per tonne, falling by -X% against the previous year. Over the period under review, the import price saw a pronounced decline. The pace of growth appeared the most rapid in 2008 when the average import price increased by X% year-to-year. As a result, import price attained the peak level of $X per tonne. From 2009 to 2019, the growth in terms of the average import prices remained at a somewhat lower figure.

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

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Germany, 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) remains the largest lubricant additives consuming country worldwide, 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 comprising 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 Portugal?

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In value terms, the largest lubricant additives suppliers to Portugal were France ($9.5M), Spain ($9.1M) and Belgium ($5.3M), together comprising 74% of total imports. These countries were followed by Germany, Italy, the Netherlands and the UK, which together accounted for a further 25%.

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

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In value terms, Spain ($597K) emerged as the key foreign market for lubricant additives exports from Portugal, comprising 64% of total exports. The second position in the ranking was occupied by Angola ($181K), with a 19% share of total exports. It was followed by Mozambique, with a 14% share.

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

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In 2019, the average lubricant additives export price amounted to $8,128 per tonne, picking up by 89% against the previous year.

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

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In 2019, the average lubricant additives import price amounted to $2,484 per tonne, shrinking by -12.9% against the previous year.