Slovakia: Lubricating Oil Additive Market 2024

Lubricating Oil Additive Market Size in Slovakia

The Slovak lubricating oil additive market soared to $X in 2022, with an increase of X% against the previous year. In general, consumption, however, recorded a dramatic decrease. Over the period under review, the market reached the peak level at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Lubricating Oil Additive Production in Slovakia

In value terms, lubricating oil additive production stood at $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2018 to 2022, production growth remained at a lower figure.

Lubricating Oil Additive Exports

Exports from Slovakia

In 2022, after two years of growth, there was significant decline in overseas shipments of additives for lubricating oils, when their volume decreased by X% to X tons. Over the period under review, exports showed a pronounced shrinkage. The most prominent rate of growth was recorded in 2016 when exports increased by X%. Over the period under review, the exports reached the maximum at X tons in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, lubricating oil additive exports shrank to $X in 2022. Overall, exports saw a pronounced descent. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

France (X tons), Germany (X tons) and Italy (X tons) were the main destinations of lubricating oil additive exports from Slovakia, together accounting for X% of total exports.

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

In value terms, the largest markets for lubricating oil additive exported from Slovakia were France ($X), Germany ($X) and Italy ($X), together accounting for X% of total exports.

France, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average lubricating oil additive export price stood at $X per ton in 2022, surging by X% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The export price peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Italy ($X per ton), while the average price for exports to Germany ($X per ton) was 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.

Lubricating Oil Additive Imports

Imports into Slovakia

In 2022, supplies from abroad of additives for lubricating oils decreased by X% to X tons for the first time since 2018, thus ending a three-year rising trend. In general, imports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when imports increased by X%. As a result, imports attained the peak of X tons. From 2017 to 2022, the growth of imports remained at a lower figure.

In value terms, lubricating oil additive imports reduced rapidly to $X in 2022. Over the period under review, imports, however, recorded a moderate expansion. The pace of growth was the most pronounced in 2016 with an increase of X%. As a result, imports reached the peak of $X. From 2017 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Germany (X tons), the Czech Republic (X tons) and France (X tons) were the main suppliers of lubricating oil additive imports to Slovakia, with a combined X% share of total imports. Poland, Hungary, Belgium and Austria lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Hungary (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the Czech Republic ($X), Germany ($X) and Poland ($X) constituted the largest lubricating oil additive suppliers to Slovakia, together comprising X% of total imports. Hungary, France, Belgium and Austria lagged somewhat behind, together accounting for a further X%.

Austria, with a CAGR of X%, recorded the highest growth rate of the value of imports, in terms of 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 2022, the average lubricating oil additive import price amounted to $X per ton, increasing by X% against the previous year. In general, import price indicated tangible growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, lubricating oil additive import price increased by X% against 2013 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the Czech Republic ($X per ton), while the price for France ($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 more modest paces of growth.

Source: IndexBox Platform

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