Luxembourg: Lubricating Oil Additive Market 2024

Lubricating Oil Additive Market Size in Luxembourg

The Luxembourg lubricating oil additive market contracted slightly to $X in 2022, almost unchanged from the previous year. In general, consumption, however, continues to indicate a relatively flat trend pattern. Lubricating oil additive consumption peaked at $X in 2014; afterwards, it flattened through to 2022.

Lubricating Oil Additive Production in Luxembourg

In value terms, lubricating oil additive production dropped to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the production volume increased by X% against the previous year. Lubricating oil additive production peaked at $X in 2014; afterwards, it flattened through to 2022.

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Lubricating Oil Additive Exports

Exports from Luxembourg

In 2022, the amount of additives for lubricating oils exported from Luxembourg contracted to X tons, with a decrease of X% on 2021 figures. Overall, exports continue to indicate a abrupt contraction. The pace of growth appeared the most rapid in 2020 with an increase of X%. As a result, the exports attained the peak of X tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, lubricating oil additive exports soared to $X in 2022. Over the period under review, exports saw a abrupt downturn. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Germany (X tons), Turkey (X tons) and Belgium (X kg) were the main destinations of lubricating oil additive exports from Luxembourg, together accounting for X% of total exports.

From 2012 to 2022, the biggest increases were recorded for Germany (with a CAGR of X%), while shipments for the other leaders experienced a decline.

In value terms, Belgium ($X) emerged as the key foreign market for additives for lubricating oils exports from Luxembourg, comprising X% of total exports. The second position in the ranking was taken by Turkey ($X), with a X% share of total exports. It was followed by France, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Belgium amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (X% per year) and France (X% per year).

Export Prices by Country

The average lubricating oil additive export price stood at $X per ton in 2022, surging by X% against the previous year. In general, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 an increase of X% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Belgium ($X per ton), while the average price for exports to Germany ($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 Turkey (X%), while the prices for the other major destinations experienced more modest paces of growth.

Lubricating Oil Additive Imports

Imports into Luxembourg

In 2022, supplies from abroad of additives for lubricating oils increased by X% to X tons, rising for the second year in a row after four years of decline. In general, imports showed a tangible increase. The most prominent rate of growth was recorded in 2016 when imports increased by X% against the previous year. As a result, imports reached the peak of X tons. From 2017 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, lubricating oil additive imports skyrocketed to $X in 2022. Over the period under review, imports continue to indicate a measured increase. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

Imports by Country

Germany (X tons), Belgium (X tons) and France (X tons) were the main suppliers of lubricating oil additive imports to Luxembourg, together comprising X% of total imports.

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 mixed trend patterns.

In value terms, Germany ($X), Belgium ($X) and France ($X) appeared to be the largest lubricating oil additive suppliers to Luxembourg, with a combined X% share of total imports.

Among the main suppliers, Germany, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average lubricating oil additive import price stood at $X per ton in 2022, waning by X% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 an increase of X% against the previous year. The import price peaked at $X per ton in 2021, and then declined remarkably in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was France ($X per ton), while the price for Belgium ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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