United Arab Emirates: Lubricant Additives Market Overview 2021

Lubricant Additives Market Size in the United Arab Emirates

The lubricant additives market in the United Arab Emirates skyrocketed to $X in 2019, rising by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, the total consumption indicated prominent growth from 2007 to 2019: 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 2019 figures, consumption increased by +X% against 2015 indices. The pace of growth was the most pronounced in 2010 with an increase of X% year-to-year. Lubricant additives consumption peaked in 2019 and is likely to see steady growth in years to come.

Lubricant Additives Exports

Exports from the United Arab Emirates

In 2019, approx. X tonnes of prepared additives for mineral oils were exported from the United Arab Emirates; with a decrease of -X% against the previous year's figure. Over the period under review, exports, however, saw temperate growth. The most prominent rate of growth was recorded in 2008 with an increase of X% y-o-y. Exports peaked at X tonnes in 2015; however, from 2016 to 2019, exports stood at a somewhat lower figure.

In value terms, lubricant additives exports dropped markedly to $X in 2019. In general, exports, however, showed a temperate expansion. The pace of growth appeared the most rapid in 2008 when exports increased by X% y-o-y. Over the period under review, exports hit record highs at $X in 2017; however, from 2018 to 2019, exports failed to regain the momentum.

Exports by Country

Saudi Arabia (X tonnes) was the main destination for lubricant additives exports from the United Arab Emirates, with a X% share of total exports. Moreover, lubricant additives exports to Saudi Arabia exceeded the volume sent to the second major destination, Nigeria (X tonnes), twofold. The third position in this ranking was occupied by Pakistan (X tonnes), with a X% share.

From 2007 to 2019, the average annual growth rate of volume to Saudi Arabia stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Nigeria (+X% per year) and Pakistan (-X% per year).

In value terms, Saudi Arabia ($X), Pakistan ($X) and Nigeria ($X) appeared to be the largest markets for lubricant additives exported from the United Arab Emirates worldwide, together comprising X% of total exports. These countries were followed by India, Egypt, Jordan, Thailand, Kuwait, South Africa, Malaysia, Togo and Madagascar, which together accounted for a further X (+X% per year) saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2019, the average lubricant additives export price amounted to $X per tonne, waning by -X% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the average export price increased by X% year-to-year. Over the period under review, average export prices hit record highs at $X per tonne in 2018, and then declined remarkably in the following year.

There were significant differences in the average prices for the major overseas markets. In 2019, the country with the highest price was Pakistan ($X per tonne), while the average price for exports to Madagascar ($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 Pakistan, while the prices for the other major destinations experienced more modest paces of growth.

Lubricant Additives Imports

Imports into the United Arab Emirates

Lubricant additives imports into the United Arab Emirates skyrocketed to X tonnes in 2019, jumping by X% compared with the previous year. In general, total imports indicated a resilient increase from 2007 to 2019: its volume 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 2019 figures, imports increased by +X% against 2015 indices. The most prominent rate of growth was recorded in 2010 with an increase of X% y-o-y. Over the period under review, imports hit record highs in 2019 and are expected to retain growth in years to come.

In value terms, lubricant additives imports surged to $X in 2019. Over the period under review, total imports indicated a buoyant increase from 2007 to 2019: 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 2019 figures, imports increased by +X% against 2017 indices. The growth pace was the most rapid in 2010 when imports increased by X% y-o-y. Imports peaked in 2019 and are likely to continue growth in years to come.

Imports by Country

Singapore (X tonnes), France (X tonnes) and Italy (X tonnes) were the main suppliers of lubricant additives imports to the United Arab Emirates, with a combined X% share of total imports. These countries were followed by Belgium, China, India and the U.S., which together accounted for a further X 2007 to 2019, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Belgium, while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest lubricant additives suppliers to the United Arab Emirates were Singapore ($X), France ($X) and Italy ($X), together accounting for X% of total imports. Belgium, the U.S., China and India lagged somewhat behind, together comprising a further X terms of the main suppliers, Belgium 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

The average lubricant additives import price stood at $X per tonne in 2019, dropping by -X% against the previous year. Over the period from 2007 to 2019, it increased at an average annual rate of +X%. The pace of growth appeared the most rapid in 2011 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 2014; however, from 2015 to 2019, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2019, the countries with the highest prices were France ($X per tonne) and Belgium ($X per tonne), while the price for India ($X per tonne) and China ($X per tonne) were amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Singapore, 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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The country with the largest volume of lubricant additives consumption was China (1.6M tonnes), 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. India (565K tonnes) ranked third in terms of total consumption 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 accounting for 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 the United Arab Emirates?

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In value terms, Singapore ($75M), France ($67M) and Italy ($47M) were the largest lubricant additives suppliers to the United Arab Emirates, with a combined 56% share of total imports. Belgium, the U.S., China and India lagged somewhat behind, together accounting for a further 34%.

What are the leading importers of prepared additives for mineral oils from the United Arab Emirates?

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In value terms, the largest markets for lubricant additives exported from the United Arab Emirates were Saudi Arabia ($5.6M), Pakistan ($3.9M) and Nigeria ($2.3M), with a combined 55% share of total exports. These countries were followed by India, Egypt, Jordan, Thailand, Kuwait, South Africa, Malaysia, Togo and Madagascar, which together accounted for a further 30%.

What is the average export price for prepared additives for mineral oils in the United Arab Emirates?

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In 2019, the average lubricant additives export price amounted to $2,048 per tonne, shrinking by -33.1% against the previous year.

What is the average import price for prepared additives for mineral oils in the United Arab Emirates?

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In 2019, the average lubricant additives import price amounted to $2,962 per tonne, falling by -1.7% against the previous year.