Poland: Lubricating Oil Additive Market 2024

Lubricating Oil Additive Market Size in Poland

The Polish lubricating oil additive market skyrocketed to $X in 2023, picking up by X% against the previous year. Overall, the total consumption indicated a notable expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption increased by X% against 2018 indices. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Lubricating Oil Additive Production in Poland

In value terms, lubricating oil additive production expanded to $X in 2023 estimated in export price. Overall, production continues to indicate a remarkable increase. The growth pace was the most rapid in 2018 when the production volume increased by X%. Lubricating oil additive production peaked at $X in 2021; however, from 2022 to 2023, production failed to regain momentum.

Lubricating Oil Additive Exports

Exports from Poland

In 2023, shipments abroad of additives for lubricating oils increased by X% to X tons, rising for the fifth consecutive year after two years of decline. Overall, exports continue to indicate a significant expansion. The growth pace was the most rapid in 2015 when exports increased by X%. The exports peaked in 2023 and are likely to continue growth in years to come.

In value terms, lubricating oil additive exports expanded significantly to $X in 2023. In general, exports continue to indicate a significant increase. The pace of growth appeared the most rapid in 2015 with an increase of X%. The exports peaked in 2023 and are likely to continue growth in the near future.

Exports by Country

Bulgaria (X tons), Germany (X tons) and Hungary (X tons) were the main destinations of lubricating oil additive exports from Poland, together accounting for X% of total exports. Latvia, Greece, Spain, the UK, France, Ukraine, Belarus, Turkey, the Netherlands and the United Arab Emirates lagged somewhat behind, together accounting for a further X%.

From 2012 to 2023, the biggest increases were recorded for Spain (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for lubricating oil additive exported from Poland were Bulgaria ($X), Germany ($X) and Hungary ($X), with a combined X% share of total exports. Spain, Latvia, Greece, France, Ukraine, the UK, Belarus, Turkey, the Netherlands and the United Arab Emirates lagged somewhat behind, together accounting for a further X%.

Spain, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, among 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

The average lubricating oil additive export price stood at $X per ton in 2023, surging by X% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the average export price increased by X% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2023, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while the average price for exports to Turkey ($X per ton) was amongst the lowest.

From 2012 to 2023, 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 Poland

In 2023, approx. X tons of additives for lubricating oils were imported into Poland; with an increase of X% compared with the year before. The total import volume increased at an average annual rate of X% from 2012 to 2023; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2016 when imports increased by X%. Imports peaked in 2023 and are likely to see gradual growth in the immediate term.

In value terms, lubricating oil additive imports soared to $X in 2023. Overall, total imports indicated a temperate expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2015 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2023, France (X tons) constituted the largest lubricating oil additive supplier to Poland, with a X% share of total imports. Moreover, lubricating oil additive imports from France exceeded the figures recorded by the second-largest supplier, Germany (X tons), fourfold. The third position in this ranking was held by Belgium (X tons), with a X% share.

From 2012 to 2023, the average annual growth rate of volume from France totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and Belgium (X% per year).

In value terms, France ($X) constituted the largest supplier of additives for lubricating oils to Poland, comprising X% of total imports. The second position in the ranking was held by Germany ($X), with a X% share of total imports. It was followed by Belgium, with a X% share.

From 2012 to 2023, the average annual growth rate of value from France amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and Belgium (X% per year).

Import Prices by Country

In 2023, the average lubricating oil additive import price amounted to $X per ton, picking up by X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2018 when the average import price increased by X%. Over the period under review, average import prices hit record highs in 2023 and is expected to retain growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Belgium (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform