Benelux: Lubricant Additives Market 2024

Lubricant Additives Market Size in Benelux

In 2022, the Benelux lubricant additives market increased by X% to $X, rising for the second consecutive year after three years of decline. In general, consumption, however, recorded a mild shrinkage. The level of consumption peaked at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Lubricant Additives Production in Benelux

In value terms, lubricant additives production reduced to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of X%. As a result, production reached the peak level of $X. From 2021 to 2022, production growth remained at a somewhat lower figure.

Lubricant Additives Exports

Exports in Benelux

In 2022, shipments abroad of prepared additives for mineral oils increased by X% to X tons, rising for the sixth consecutive year after four years of decline. In general, exports posted a buoyant expansion. The most prominent rate of growth was recorded in 2020 with an increase of X%. Over the period under review, the exports attained the maximum in 2022 and are likely to continue growth in the immediate term.

In value terms, lubricant additives exports skyrocketed to $X in 2022. Overall, exports continue to indicate a resilient increase. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are likely to continue growth in the immediate term.

Exports by Country

Belgium represented the main exporting country with an export of around X tons, which accounted for X% of total exports. It was distantly followed by the Netherlands (X tons), generating an X% share of total exports.

Belgium was also the fastest-growing in terms of the prepared additives for mineral oils exports, with a CAGR of X% from 2012 to 2022. The Netherlands (X%) illustrated a downward trend over the same period. Belgium (X p.p.) significantly strengthened its position in terms of the total exports, while the Netherlands saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, Belgium ($X) remains the largest lubricant additives supplier in Benelux, comprising X% of total exports. The second position in the ranking was held by the Netherlands ($X), with a X% share of total exports.

In Belgium, lubricant additives exports expanded at an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

The export price in Benelux stood at $X per ton in 2022, picking up by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2013 an increase of X%. Over the period under review, the export prices attained the maximum in 2022 and is expected to retain growth in the immediate term.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while Belgium totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (X%).

Lubricant Additives Imports

Imports in Benelux

Lubricant additives imports stood at X tons in 2022, growing by X% compared with 2021 figures. Total imports indicated pronounced growth from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2018 indices. The growth pace was the most rapid in 2020 with an increase of X%. The volume of import peaked in 2022 and is expected to retain growth in the immediate term.

In value terms, lubricant additives imports surged to $X in 2022. Total imports indicated a tangible increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2019 indices. The growth pace was the most rapid in 2020 when imports increased by X%. Over the period under review, imports attained the peak figure in 2022 and are likely to continue growth in the immediate term.

Imports by Country

Belgium represented the major importing country with an import of about X tons, which finished at X% of total imports. It was distantly followed by the Netherlands (X tons), generating a X% share of total imports.

Belgium was also the fastest-growing in terms of the prepared additives for mineral oils imports, with a CAGR of X% from 2012 to 2022. The Netherlands experienced a relatively flat trend pattern. While the share of Belgium (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of the Netherlands (X p.p.) displayed negative dynamics.

In value terms, Belgium ($X) constitutes the largest market for imported prepared additives for mineral oils in Benelux, comprising X% of total imports. The second position in the ranking was taken by the Netherlands ($X), with a X% share of total imports.

In Belgium, lubricant additives imports expanded at an average annual rate of X% over the period from 2012-2022.

Import Prices by Country

In 2022, the import price in Benelux amounted to $X per ton, with an increase of X% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The level of import peaked at $X per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was the Netherlands ($X per ton), while Belgium stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (X%).

Source: IndexBox Platform

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