Report Update: May 1, 2024

Peru - Additives For Lubricating Oils - Market Analysis, Forecast, Size, Trends And Insights

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Lubricating Oil Additive Price in Peru - 2021

Lubricating Oil Additive Price in Peru (CIF) - 2021

In April 2020, the average lubricating oil additive import price amounted to $3,589 per ton, which is down by -2.2% against the previous month. In general, the import price recorded a noticeable curtailment. The most prominent rate of growth was recorded in March 2020 when the average import price increased by 1.4% m-o-m. Over the period under review, average import prices hit record highs at $3,874 per ton in January 2020; however, from February 2020 to April 2020, import prices failed to regain momentum.

Prices varied noticeably by the country of origin: the country with the highest price was Italy ($4,276 per ton), while the price for Brazil ($2,249 per ton) was amongst the lowest.

From January 2020 to April 2020, the most notable rate of growth in terms of prices was attained by Brazil (+2.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Lubricating Oil Additive Price in Peru (FOB) - 2022

The average lubricating oil additive export price stood at $4,936 per ton in 2022, growing by 80% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The export price peaked at $5,300 per ton in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Colombia ($11,354 per ton), while the average price for exports to Spain ($3,753 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 Spain (+16.8%), while the prices for the other major destinations experienced more modest paces of growth.

Lubricating Oil Additive Imports in Peru

In 2022, the amount of additives for lubricating oils imported into Peru soared to 15K tons, rising by 74% on the year before. Over the period under review, imports continue to indicate a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, lubricating oil additive imports surged to $62M in 2022. Overall, imports posted significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Import of Lubricating Oil Additive in Peru (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United States	27.9	17.9	27.3	50.3	21.7%
Brazil	0.1	0.2	1.3	2.4	188.4%
China	0.1	N/A	1.1	2.0	171.4%
United Kingdom	1.0	0.4	1.0	1.9	23.9%
Others	2.4	1.1	2.7	4.9	26.9%
Total	31.5	19.7	33.4	61.6	25.1%

Top Suppliers of Lubricating Oil Additive to Peru in 2022:

United States (12.9K tons)
Brazil (0.5K tons)
United Kingdom (0.5K tons)
China (0.3K tons)

Lubricating Oil Additive Exports in Peru

In 2022, after three years of growth, there was significant decline in overseas shipments of additives for lubricating oils, when their volume decreased by -43.9% to 87 tons. Overall, exports, however, recorded a resilient increase. The growth pace was the most rapid in 2020 with an increase of 171%.

In value terms, lubricating oil additive exports reached $428K in 2022. Over the period under review, exports, however, enjoyed a significant increase. The growth pace was the most rapid in 2020 with an increase of 99%. The exports peaked in 2022 and are likely to see steady growth in the immediate term.

Export of Lubricating Oil Additive in Peru (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Chile	40.3	255	304	291	93.3%
Ecuador	78.5	47.1	42.2	52.4	-12.6%
Colombia	3.5	20.7	50.7	48.6	140.4%
Bolivia	25.0	35.6	10.4	22.2	-3.9%
Spain	2.7	0.9	6.7	6.5	34.0%
Others	32.2	2.8	10.1	7.7	-37.9%
Total	182	362	424	428	33.0%

Top Export Markets for Lubricating Oil Additive from Peru in 2022:

Chile (68.0 tons)
Ecuador (8.2 tons)
Colombia (4.3 tons)
Bolivia (3.1 tons)
Spain (1.7 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the lubricating oil additive market in Peru. 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 20594270 - Additives for lubricating oils

Country coverage:

Peru

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Peru
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
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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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023