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 South African market for petroleum lubricating oil and grease expanded notably to $X in 2025, with an increase of X% against the previous year. In general, the total consumption indicated a notable expansion 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 increased by X% against 2019 indices. Petroleum lubricating oil and grease consumption peaked in 2025 and is expected to retain growth in the near future.
In value terms, petroleum lubricating oil and grease production amounted to $X in 2025 estimated in export price. Overall, the total production indicated a notable expansion 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 increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. Petroleum lubricating oil and grease production peaked in 2025 and is expected to retain growth in the immediate term.
In 2025, shipments abroad of petroleum lubricating oil and grease decreased by X% to X tons, falling for the second consecutive year after two years of growth. In general, exports recorded a drastic downturn. The most prominent rate of growth was recorded in 2014 when exports increased by X%. The exports peaked at X tons in 2012; however, from 2013 to 2025, the exports stood at a somewhat lower figure.
In value terms, petroleum lubricating oil and grease exports fell modestly to $X in 2025. Over the period under review, exports continue to indicate a abrupt contraction. The growth pace was the most rapid in 2014 with an increase of X%. The exports peaked at $X in 2012; however, from 2013 to 2025, the exports remained at a lower figure.
Zambia (X tons) was the main destination for petroleum lubricating oil and grease exports from South Africa, with a X% share of total exports. Moreover, petroleum lubricating oil and grease exports to Zambia exceeded the volume sent to the second major destination, Lesotho (X tons), twofold. The third position in this ranking was taken by Democratic Republic of the Congo (X tons), with an X% share.
From 2012 to 2025, the average annual rate of growth in terms of volume to Zambia totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Lesotho (X% per year) and Democratic Republic of the Congo (X% per year).
In value terms, Zambia ($X) remains the key foreign market for petroleum lubricating oil and grease exports from South Africa, comprising X% of total exports. The second position in the ranking was held by Democratic Republic of the Congo ($X), with a X% share of total exports. It was followed by Namibia, with a X% share.
From 2012 to 2025, the average annual rate of growth in terms of value to Zambia amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Democratic Republic of the Congo (X% per year) and Namibia (X% per year).
In 2025, the average export price for petroleum lubricating oil and grease amounted to $X per ton, rising by X% against the previous year. Overall, the export price showed a relatively flat trend pattern. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices for the major export markets. In 2025, amid the top suppliers, the country with the highest price was Cote d'Ivoire ($X per ton), while the average price for exports to Lesotho ($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 Botswana (X%), while the prices for the other major destinations experienced more modest paces of growth.
In 2025, the amount of petroleum lubricating oil and grease imported into South Africa stood at X tons, surging by X% against 2023. Overall, imports, however, saw a pronounced slump. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, imports attained the peak figure at X tons in 2012; however, from 2013 to 2025, imports stood at a somewhat lower figure.
In value terms, petroleum lubricating oil and grease imports rose notably to $X in 2025. Over the period under review, imports, however, saw a mild decline. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2025, imports remained at a lower figure.
In 2025, Germany (X tons) constituted the largest petroleum lubricating oil and grease supplier to South Africa, with a X% share of total imports. Moreover, petroleum lubricating oil and grease imports from Germany exceeded the figures recorded by the second-largest supplier, France (X tons), twofold. The third position in this ranking was taken by the Netherlands (X tons), with a X% share.
From 2012 to 2025, the average annual growth rate of volume from Germany totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: France (X% per year) and the Netherlands (X% per year).
In value terms, Germany ($X) constituted the largest supplier of petroleum lubricating oil and grease to South Africa, comprising X% of total imports. The second position in the ranking was held by France ($X), with a X% share of total imports. It was followed by the United States, with an X% share.
From 2012 to 2025, the average annual growth rate of value from Germany was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: France (X% per year) and the United States (X% per year).
The average import price for petroleum lubricating oil and grease stood at $X per ton in 2025, increasing by X% against the previous year. Over the period from 2012 to 2025, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2018 when the average import price increased by X% against the previous year. The import price peaked in 2025 and is expected to retain growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for China ($X per ton) was amongst the lowest.
From 2012 to 2025, the most notable rate of growth in terms of prices was attained by Belgium (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 South Africa, 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 South Africa.
The report combines market sizing with trade intelligence and price analytics for South Africa. 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 South Africa. 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 South Africa.
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 South Africa.
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 South Africa.
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.
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