Spain: Lubricant Additives Market Overview 2021

Lubricant Additives Market Size in Spain

The Spanish lubricant additives market expanded to $X in 2019, rising by X% against the previous year. Over the period under review, consumption, however, continues to indicate a noticeable reduction. The pace of growth was the most pronounced in 2008 when the market value increased by X% y-o-y. As a result, consumption reached the peak level of $X. From 2009 to 2019, the growth of the market remained at a somewhat lower figure.

Lubricant Additives Production in Spain

In value terms, lubricant additives production plummeted to $X in 2019 estimated in export prices. Over the period under review, production recorded a drastic downturn. The pace of growth appeared the most rapid in 2011 when the production volume increased by X% y-o-y. Over the period under review, production attained the peak level at $X in 2007; however, from 2008 to 2019, production stood at a somewhat lower figure.

Lubricant Additives Exports

Exports from Spain

In 2019, after two years of growth, there was decline in shipments abroad of prepared additives for mineral oils, when their volume decreased by -X% to X tonnes. Over the period under review, exports, however, recorded a resilient increase. The pace of growth was the most pronounced in 2018 when exports increased by X% against the previous year. As a result, exports reached the peak of X tonnes, and then reduced modestly in the following year.

In value terms, lubricant additives exports shrank to $X in 2019. In general, exports, however, saw a strong expansion. The most prominent rate of growth was recorded in 2018 with an increase of X% year-to-year. As a result, exports reached the peak of $X, and then contracted in the following year.

Exports by Country

Greece (X tonnes) was the main destination for lubricant additives exports from Spain, accounting for a X% share of total exports. Moreover, lubricant additives exports to Greece exceeded the volume sent to the second major destination, Indonesia (X tonnes), threefold. The third position in this ranking was occupied by Italy (X tonnes), with a X% share.

From 2007 to 2019, the average annual growth rate of volume to Greece totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Indonesia (+X% per year) and Italy (+X% per year).

In value terms, the largest markets for lubricant additives exported from Spain were Greece ($X), Germany ($X) and Bulgaria ($X), with a combined X% share of total exports. These countries were followed by Egypt, Indonesia, Italy, Portugal, the UK, Australia, Finland, Switzerland, France and the Netherlands, which together accounted for a further X terms of the main countries of destination, Switzerland (+X% per year) 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

The average lubricant additives export price stood at $X per tonne in 2019, reducing by -X% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2008 when the average export price increased by X% against the previous year. The export price peaked at $X per tonne in 2014; however, from 2015 to 2019, export prices remained at a lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Portugal ($X per tonne), while the average price for exports to France ($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 Australia, while the prices for the other major destinations experienced more modest paces of growth.

Lubricant Additives Imports

Imports into Spain

In 2019, the amount of prepared additives for mineral oils imported into Spain rose slightly to X tonnes, surging by X% compared with 2018. Overall, imports, however, saw a slight curtailment. The growth pace was the most rapid in 2014 when imports increased by X% against the previous year. Imports peaked at X tonnes in 2008; however, from 2009 to 2019, imports stood at a somewhat lower figure.

In value terms, lubricant additives imports reached $X in 2019. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2008 with an increase of X% y-o-y. As a result, imports attained the peak of $X. From 2009 to 2019, the growth imports failed to regain the momentum.

Imports by Country

France (X tonnes), Italy (X tonnes) and the Netherlands (X tonnes) were the main suppliers of lubricant additives imports to Spain, with a combined X% share of total imports. These countries were followed by Germany, Belgium and the UK, which together accounted for a further X 2007 to 2019, the biggest increases were in Germany, while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest lubricant additives suppliers to Spain were France ($X), Italy ($X) and Germany ($X), with a combined X% share of total imports.

Italy saw the highest growth rate of 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

The average lubricant additives import price stood at $X per tonne in 2019, approximately equating the previous year. Over the last twelve-year period, it increased at an average annual rate of +X%. The pace of growth appeared the most rapid in 2008 when the average import price increased by X% y-o-y. Over the period under review, average import prices reached the maximum at $X per tonne in 2013; however, from 2014 to 2019, import prices failed to regain the momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2019, the country with the highest price was Italy ($X per tonne), while the price for the Netherlands ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by France, 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) constituted the country with the largest volume of lubricant additives consumption, 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. The third position in this ranking was occupied by India (565K tonnes), 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 Spain?

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In value terms, France ($114M), Italy ($69M) and Germany ($33M) constituted the largest lubricant additives suppliers to Spain, with a combined 76% share of total imports.

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

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In value terms, Greece ($12M), Germany ($6.8M) and Bulgaria ($6M) were the largest markets for lubricant additives exported from Spain worldwide, together comprising 33% of total exports. These countries were followed by Egypt, Indonesia, Italy, Portugal, the UK, Australia, Finland, Switzerland, France and the Netherlands, which together accounted for a further 49%.

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

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In 2019, the average lubricant additives export price amounted to $2,257 per tonne, dropping by -10.1% against the previous year.

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

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The average lubricant additives import price stood at $3,183 per tonne in 2019, remaining relatively unchanged against the previous year.