United Arab Emirates: Lubricating Oil Additive Market 2024

Lubricating Oil Additive Market Size in the United Arab Emirates

The lubricating oil additive market in the United Arab Emirates dropped to $X in 2022, which is down by X% against the previous year. Overall, consumption, however, enjoyed a prominent increase. Lubricating oil additive consumption peaked at $X in 2021, and then shrank in the following year.

Lubricating Oil Additive Production in the United Arab Emirates

In value terms, lubricating oil additive production reduced to $X in 2022 estimated in export price. Over the period under review, production, however, saw resilient growth. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. Over the period under review, production attained the peak level at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Lubricating Oil Additive Exports

Exports from the United Arab Emirates

In 2022, approx. X tons of additives for lubricating oils were exported from the United Arab Emirates; with an increase of X% against 2021. Overall, exports saw significant growth. The most prominent rate of growth was recorded in 2015 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are likely to continue growth in the immediate term.

In value terms, lubricating oil additive exports surged to $X in 2022. Over the period under review, exports enjoyed significant growth. The most prominent rate of growth was recorded in 2015 with an increase of X%. The exports peaked in 2022 and are expected to retain growth in years to come.

Exports by Country

Saudi Arabia (X tons), Azerbaijan (X tons) and Nigeria (X tons) were the main destinations of lubricating oil additive exports from the United Arab Emirates, with a combined X% share 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 Azerbaijan (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Azerbaijan ($X), Nigeria ($X) and Iran ($X) constituted the largest markets for lubricating oil additive exported from the United Arab Emirates worldwide, with a combined X% share of total exports.

Among the main countries of destination, Azerbaijan, with a CAGR of X%, 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 2022, the average lubricating oil additive export price amounted to $X per ton, dropping by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2013 when the average export price increased by X%. The export price peaked at $X per ton in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Sudan ($X per ton), while the average price for exports to Saudi Arabia ($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 Azerbaijan (X%), while the prices for the other major destinations experienced more modest paces of growth.

Lubricating Oil Additive Imports

Imports into the United Arab Emirates

In 2022, the amount of additives for lubricating oils imported into the United Arab Emirates declined rapidly to X tons, shrinking by X% against 2021 figures. Overall, imports, however, showed a resilient expansion. 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 2021, and then dropped significantly in the following year.

In value terms, lubricating oil additive imports reduced to $X in 2022. Over the period under review, imports, however, posted buoyant growth. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at $X in 2021, and then dropped in the following year.

Imports by Country

Singapore (X tons), China (X tons) and France (X tons) were the main suppliers of lubricating oil additive imports to the United Arab Emirates, together comprising X% of total imports. Belgium, Italy, the United States, India and the Netherlands lagged somewhat behind, together accounting for a further X%.

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

In value terms, Singapore ($X), China ($X) and France ($X) were the largest lubricating oil additive suppliers to the United Arab Emirates, together accounting for X% of total imports. Italy, the United States, Belgium, India and the Netherlands lagged somewhat behind, together comprising a further X%.

Among the main suppliers, Belgium, with a CAGR of X%, recorded the highest growth rate of the value of imports, 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, with an increase of X% against the previous year. In general, the import price saw a relatively flat trend pattern. As a result, import price reached the peak level and is likely to continue 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 ($X per ton), while the price for the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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