BASF Sells Softex Business to Govi Cast in Strategic Divestment
BASF has sold its Softex business, producing anti-tack agents for gloves, to Govi Cast, marking a strategic shift and ensuring supply continuity for Southeast Asian customers.
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View PricingThe Russian market for petroleum lubricating oil and grease rose remarkably to $X in 2025, picking up by X% against the previous year. Overall, the total consumption indicated measured growth from 2012 to 2025: its value increased at an average annual rate of X% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2025 figures, consumption decreased by X% against 2022 indices. Petroleum lubricating oil and grease consumption peaked at $X in 2022; however, from 2023 to 2025, consumption stood at a somewhat lower figure.
In value terms, petroleum lubricating oil and grease production expanded remarkably to $X in 2025 estimated in export price. Over the period under review, the total production indicated measured growth from 2012 to 2025: 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. Based on 2025 figures, production decreased by X% against 2022 indices. The growth pace was the most rapid in 2021 when the production volume increased by X%. Petroleum lubricating oil and grease production peaked at $X in 2022; however, from 2023 to 2025, production stood at a somewhat lower figure.
In 2025, the amount of petroleum lubricating oil and grease exported from Russia shrank to X tons, which is down by X% against 2023 figures. In general, exports, however, continue to indicate pronounced growth. The pace of growth was the most pronounced in 2014 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2020; however, from 2021 to 2025, the exports failed to regain momentum.
In value terms, petroleum lubricating oil and grease exports surged to $X in 2025. Overall, exports saw a noticeable reduction. The growth pace was the most rapid in 2016 with an increase of X%. As a result, the exports reached the peak of $X. From 2017 to 2025, the growth of the exports failed to regain momentum.
Uzbekistan (X tons) was the main destination for petroleum lubricating oil and grease exports from Russia, accounting for a X% share of total exports. Moreover, petroleum lubricating oil and grease exports to Uzbekistan exceeded the volume sent to the second major destination, Turkey (X tons), threefold. Armenia (X tons) ranked third in terms of total exports with a X% share.
From 2012 to 2025, the average annual growth rate of volume to Uzbekistan totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (X% per year) and Armenia (X% per year).
In value terms, Uzbekistan ($X) emerged as the key foreign market for petroleum lubricating oil and grease exports from Russia, comprising X% of total exports. The second position in the ranking was held by Egypt ($X), with a X% share of total exports. It was followed by Armenia, with a X% share.
From 2012 to 2025, the average annual rate of growth in terms of value to Uzbekistan totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Egypt (X% per year) and Armenia (X% per year).
The average export price for petroleum lubricating oil and grease stood at $X per ton in 2025, jumping by X% against the previous year. In general, the export price, however, continues to indicate a deep downturn. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2013; however, from 2014 to 2025, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major external markets. In 2025, amid the top suppliers, the country with the highest price was Moldova ($X per ton), while the average price for exports to Turkey ($X per ton) was amongst the lowest.
From 2012 to 2025, the most notable rate of growth in terms of prices was recorded for supplies to Moldova (X%), while the prices for the other major destinations experienced a decline.
In 2025, supplies from abroad of petroleum lubricating oil and grease increased by X% to X tons for the first time since 2021, thus ending a two-year declining trend. In general, imports, however, recorded a deep slump. Over the period under review, imports attained the maximum at X tons in 2013; however, from 2014 to 2025, imports failed to regain momentum.
In value terms, petroleum lubricating oil and grease imports totaled $X in 2025. Over the period under review, imports, however, recorded a deep reduction. The most prominent rate of growth was recorded in 2013 when imports increased by X% against the previous year. As a result, imports attained the peak of $X. From 2014 to 2025, the growth of imports failed to regain momentum.
In 2025, Turkey (X tons) constituted the largest petroleum lubricating oil and grease supplier to Russia, accounting for a X% share of total imports. Moreover, petroleum lubricating oil and grease imports from Turkey exceeded the figures recorded by the second-largest supplier, India (X tons), fivefold. The third position in this ranking was taken by Malaysia (X tons), with a X% share.
From 2012 to 2025, the average annual growth rate of volume from Turkey amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: India (X% per year) and Malaysia (X% per year).
In value terms, Turkey ($X) constituted the largest supplier of petroleum lubricating oil and grease to Russia, comprising X% of total imports. The second position in the ranking was held by India ($X), with a X% share of total imports. It was followed by Germany, with a X% share.
From 2012 to 2025, the average annual growth rate of value from Turkey totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: India (X% per year) and Germany (X% per year).
The average import price for petroleum lubricating oil and grease stood at $X per ton in 2025, reducing by X% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2023 when the average import price increased by X% against the previous year. As a result, import price reached the peak level of $X per ton, and then declined in the following year.
There were significant differences in the average prices amongst the major supplying countries. In 2025, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Malaysia ($X per ton) was amongst the lowest.
From 2012 to 2025, the most notable rate of growth in terms of prices was attained by India (X%), while the prices for the other major suppliers experienced more modest paces of growth.
This report provides a comprehensive view of the petroleum lubricating oil and grease industry in Russia, tracking demand, supply, and trade flows across the national value chain. It explains how demand across key channels and end-use segments shapes consumption patterns, while also mapping the role of input availability, production efficiency, and regulatory standards on supply.
Beyond headline metrics, the study benchmarks prices, margins, and trade routes so you can see where value is created and how it moves between domestic suppliers and international partners. The analysis is designed to support strategic planning, market entry, portfolio prioritization, and risk management in the petroleum lubricating oil and grease landscape in Russia.
The report combines market sizing with trade intelligence and price analytics for Russia. It covers both historical performance and the forward outlook to 2035, allowing you to compare cycles, structural shifts, and policy impacts.
This report provides a consistent view of market size, trade balance, prices, and per-capita indicators for Russia. The profile highlights demand structure and trade position, enabling benchmarking against regional and global peers.
The analysis is built on a multi-source framework that combines official statistics, trade records, company disclosures, and expert validation. Data are standardized, reconciled, and cross-checked to ensure consistency across time series.
All data are normalized to a common product definition and mapped to a consistent set of codes. This ensures that comparisons across time are aligned and actionable.
The forecast horizon extends to 2035 and is based on a structured model that links petroleum lubricating oil and grease demand and supply to macroeconomic indicators, trade patterns, and sector-specific drivers. The model captures both cyclical and structural factors and reflects known policy and technology shifts in Russia.
Each projection is built from national historical patterns and the broader regional context, allowing the report to show where growth is concentrated and where risks are elevated.
Prices are analyzed in detail, including export and import unit values, regional spreads, and changes in trade costs. The report highlights how seasonality, freight rates, exchange rates, and supply disruptions influence pricing and margins.
Key producers, exporters, and distributors are profiled with a focus on their operational scale, geographic footprint, product mix, and market positioning. This helps identify competitive pressure points, partnership opportunities, and routes to differentiation.
This report is designed for manufacturers, distributors, importers, wholesalers, investors, and advisors who need a clear, data-driven picture of petroleum lubricating oil and grease dynamics in Russia.
The market size aggregates consumption and trade data, presented in both value and volume terms.
The projections combine historical trends with macroeconomic indicators, trade dynamics, and sector-specific drivers.
Yes, it includes export and import unit values, regional spreads, and a pricing outlook to 2035.
The report benchmarks market size, trade balance, prices, and per-capita indicators for Russia.
Yes, it highlights demand hotspots, trade routes, pricing trends, and competitive context.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Export
The Latest Trends and Insights into The Industry
The Largest Import Supplying Countries
The Largest Destinations for Exports
The Largest Producers on The Market and Their Profiles
BASF has sold its Softex business, producing anti-tack agents for gloves, to Govi Cast, marking a strategic shift and ensuring supply continuity for Southeast Asian customers.
Global petroleum lubricating oil and grease market forecast: volume to reach 18M tons by 2035 with a CAGR of +1.6%, while value is projected to hit $60.2B with a CAGR of +2.2%. Analysis covers consumption, production, trade, and key country data.
Global petroleum lubricating oil and grease market analysis: 2024 consumption at 15M tons ($47.4B), forecast to reach 18M tons ($60.2B) by 2035. Key insights on production, trade, and leading countries like Russia, China, and the US.
Global petroleum lubricating oil and grease market to reach 18M tons and $60.2B by 2035, with Russia leading consumption and production. Key trends in imports, exports, and growth rates analyzed.
Learn about the expected growth of the global petroleum lubricating oil and grease market over the next decade. Market volume is forecasted to reach 18M tons by 2035 with an anticipated CAGR of +1.6%, while market value is projected to reach $60.2B by the end of 2035.
Discover the projected growth of the petroleum lubricating oil and grease market over the next decade, driven by increasing global demand. Market volume is expected to reach 18M tons by 2035, with a market value of $61.3B.
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Charts mirror the report figures on the platform. Values are synthetic for demo use.
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Real macro, logistics, and energy indicators are pulled from the IndexBox platform and rendered on demand.
This report provides an in-depth analysis of the global market for petroleum lubricating oil and grease.
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