Australia - Prepared Additives For Mineral Oils - Market Analysis, Forecast, Size, Trends and Insights
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View PricingLubricant Additives Price in Australia - 2023
Contents:
- Lubricant Additives Price in Australia (CIF) - 2023
- Lubricant Additives Price in Australia (FOB) - 2023
- Lubricant Additives Imports in Australia
- Lubricant Additives Exports in Australia
Lubricant Additives Price in Australia (CIF) - 2023
In August 2023, the average lubricant additives import price amounted to $4,507 per ton, waning by -7.9% against the previous month. In general, the import price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in November 2022 when the average import price increased by 9.3% against the previous month. Over the period under review, average import prices hit record highs at $5,241 per ton in February 2023; however, from March 2023 to August 2023, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Belgium ($8,112 per ton), while the price for the Philippines ($3,429 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Belgium (+3.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Lubricant Additives Price in Australia (FOB) - 2023
The average lubricant additives export price stood at $4,688 per ton in August 2023, approximately mirroring the previous month. Over the period from August 2022 to August 2023, it increased at an average monthly rate of +1.1%. The pace of growth was the most pronounced in July 2023 an increase of 18% m-o-m. As a result, the export price attained the peak level of $4,743 per ton, and then shrank modestly in the following month.
There were significant differences in the average prices for the major foreign markets. In August 2023, the country with the highest price was Pakistan ($5,988 per ton), while the average price for exports to New Zealand ($3,591 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Pakistan (+3.1%), while the prices for the other major destinations experienced more modest paces of growth.
Lubricant Additives Imports in Australia
Lubricant additives imports into Australia skyrocketed to 54K tons in 2022, jumping by 22% on the previous year. The total import volume increased at an average annual rate of +4.6% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, lubricant additives imports soared to $245M in 2022. The total import value increased at an average annual rate of +10.3% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Lubricant Additives in Australia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Singapore | 69.1 | 70.0 | 72.3 | 121 | 20.5% |
| United States | 56.5 | 66.0 | 46.0 | 55.5 | -0.6% |
| Germany | 6.8 | 8.7 | 11.3 | 13.3 | 25.1% |
| France | 13.5 | 3.1 | 9.9 | 10.2 | -8.9% |
| China | 4.1 | 5.6 | 4.4 | 9.9 | 34.2% |
| Belgium | 9.2 | 9.9 | 8.1 | 7.5 | -6.6% |
| United Kingdom | 5.6 | 7.0 | 2.7 | 7.1 | 8.2% |
| South Korea | 4.2 | 5.3 | 5.2 | 6.2 | 13.9% |
| Philippines | 3.3 | 3.6 | 3.0 | 3.4 | 1.0% |
| Others | 10.8 | 12.0 | 9.7 | 11.5 | 2.1% |
| Total | 183 | 191 | 173 | 245 | 10.2% |
Top Suppliers of Lubricant Additives to Australia in 2022:
- Singapore (28.0K tons)
- United States (11.1K tons)
- Germany (3.3K tons)
- China (2.3K tons)
- South Korea (1.8K tons)
- Belgium (1.6K tons)
- France (1.5K tons)
- Philippines (1.1K tons)
- United Kingdom (0.9K tons)
Lubricant Additives Exports in Australia
In 2022, approx. 9.7K tons of prepared additives for mineral oils were exported from Australia; reducing by -1.9% on the previous year's figure. Overall, exports recorded a abrupt descent. The pace of growth was the most pronounced in 2021 with an increase of 8%.
In value terms, lubricant additives exports rose remarkably to $39M in 2022. Over the period under review, exports continue to indicate a slight reduction. The most prominent rate of growth was recorded in 2021 when exports increased by 10% against the previous year.
| Export of Lubricant Additives in Australia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Peru | 8.9 | 6.1 | 3.9 | 5.4 | -15.3% |
| Brazil | 2.8 | 2.9 | 3.5 | 3.6 | 8.7% |
| China | 2.1 | 3.4 | 2.7 | 3.3 | 16.3% |
| Chile | 2.2 | 1.9 | 4.9 | 3.1 | 12.1% |
| Malaysia | 3.2 | 2.5 | 2.9 | 2.6 | -6.7% |
| Singapore | 1.5 | 1.2 | 2.9 | 2.5 | 18.6% |
| Papua New Guinea | 1.9 | 0.8 | 1.3 | 2.3 | 6.6% |
| Indonesia | 3.0 | 1.8 | 1.8 | 2.1 | -11.2% |
| New Zealand | 3.6 | 1.8 | 2.0 | 1.8 | -20.6% |
| Sweden | 1.8 | 2.0 | 1.0 | 1.5 | -5.9% |
| Mozambique | 0.3 | 0.1 | 0.8 | 1.4 | 67.1% |
| Thailand | 0.8 | 0.6 | 0.6 | 0.9 | 4.0% |
| Kazakhstan | N/A | N/A | 0.2 | 0.7 | 250.0% |
| Others | 8.4 | 7.5 | 7.3 | 7.9 | -2.0% |
| Total | 40.6 | 32.5 | 35.8 | 39.2 | -1.2% |
Top Export Markets for Lubricant Additives from Australia in 2022:
- Peru (1302.2 tons)
- Brazil (866.1 tons)
- China (816.4 tons)
- Chile (738.9 tons)
- Indonesia (689.8 tons)
- Papua New Guinea (634.5 tons)
- Malaysia (625.2 tons)
- Singapore (574.5 tons)
- New Zealand (411.7 tons)
- Sweden (363.5 tons)
- Mozambique (331.6 tons)
- Thailand (209.2 tons)
- Kazakhstan (169.5 tons)
This report provides an in-depth analysis of the lubricant additives market in Australia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 20594250 - Anti-knock preparations
- Prodcom 20594270 - Additives for lubricating oils
- Prodcom 20594290 - Additives for mineral oils or for other liquids used for the same purpose as mineral oils (including gasoline) (excluding anti-knock preparations, additives for lubricating oils)
Country coverage:
- Australia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Australia
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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This report provides an in-depth analysis of the lubricant additives market in Australia.
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This report provides an in-depth analysis of the lubricating oil additive market in Australia.
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This report provides an in-depth analysis of the global lubricant additives market.
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The U.S. continued its dominance in the global trade of prepared additives for mineral oils. In 2014, the U.S. exported X thousand tons of prepared additives for mineral oils totaling X million USD, X% under the previous year. Its primary tradi
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In May 2023, the growth rate of Lubricant Additives reached its highest level, increasing by 45% compared to the previous month. Furthermore, the imports of Lubricant Additives surged significantly to $17M in August 2023.
256
Explore the top import markets for lubricant additives and their key statistics and figures. Find out the leading countries, import values, and potential growth opportunities.
