Puerto Rico: Lubricating Oil Additive Market 2022

Lubricating Oil Additive Market Size in Puerto Rico

The Puerto Rican lubricating oil additive market stood at less than $X in 2021, therefore, remained relatively stable 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). Overall, consumption continues to indicate a relatively flat trend pattern.

Lubricating Oil Additive Exports

Exports by Country

In 2021, France (X tons), Singapore (X tons) and the United States (X tons) was the key exporter of additives for lubricating oils in the world, committing 62% of total export. Italy (X tons) held the next position in the ranking, followed by Belgium (X tons). All these countries together held near 17% share of total exports. China (X tons), Germany (X tons), South Korea (X tons), the Netherlands (X tons) and Canada (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were in Belgium (with a CAGR of +48.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest lubricating oil additive supplying countries from Puerto Rico were the United States ($X), France ($X) and Singapore ($X), together accounting for 61% of total exports. These countries were followed by Italy, Belgium, Germany, China, the Netherlands, Canada and South Korea, which together accounted for a further 30%.

In terms of the main exporting countries, Belgium, with a CAGR of +40.5%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the export price in Puerto Rico amounted to less than $X per ton, approximately mirroring the previous year. Over the period under review, the export price showed a relatively flat trend pattern.

Prices varied noticeably country of origin: the country with the highest price was Germany ($X per ton), while South Korea ($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 (+1.6%), while the other leaders experienced more modest paces of growth.

Lubricating Oil Additive Imports

Imports by Country

The purchases of the twelve major importers of additives for lubricating oils, namely China, Belgium, Singapore, Germany, France, the United States, Italy, the United Arab Emirates, Japan, South Korea, the Netherlands and Russia, represented more than half of total import. Brazil (X tons) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Russia (with a CAGR of +11.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest lubricating oil additive importing markets into Puerto Rico were China ($X), Belgium ($X) and Germany ($X), together comprising 26% of total imports. Singapore, France, the United States, Italy, Japan, South Korea, the United Arab Emirates, the Netherlands, Russia and Brazil lagged somewhat behind, together accounting for a further 40%.

Russia, with a CAGR of +9.4%, saw the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Puerto Rico stood at less than $X per ton in 2021, leveling off at the previous year. Over the period under review, the import price recorded a relatively flat trend pattern.

Average prices varied somewhat amongst the major importing countries. In 2021, major importing countries recorded the following prices: in South Korea ($X per ton) and France ($X per ton), while Belgium ($X per ton) and Singapore ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+1.2%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Market Intelligence Platform

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