Mar 16, 2025
IndexBox has just published a new report: Africa - Prepared Additives For Mineral Oils - Market Analysis, Forecast, Size, Trends and Insights.
Driven by rising demand, the lubricant additives market in Africa is projected to see a slight increase in performance with an anticipated CAGR of +1.7% in volume and +2.8% in value from 2024 to 2035. This growth trend is expected to continue over the next decade, reflecting a positive outlook for the market's expansion.
Market Forecast
Driven by rising demand for lubricant additives in Africa, the market is expected to start an upward consumption trend over the next decade. The performance of the market is forecast to increase slightly, with an anticipated CAGR of +1.7% for the period from 2024 to 2035, which is projected to bring the market volume to 391K tons by the end of 2035.
In value terms, the market is forecast to increase with an anticipated CAGR of +2.8% for the period from 2024 to 2035, which is projected to bring the market value to $1.6B (in nominal wholesale prices) by the end of 2035.
Consumption
Africa's Consumption of Prepared Additives For Mineral Oils
In 2024, approx. 325K tons of prepared additives for mineral oils were consumed in Africa; falling by -2.2% compared with 2023. In general, consumption showed a relatively flat trend pattern. As a result, consumption reached the peak volume of 376K tons. From 2023 to 2024, the growth of the consumption remained at a lower figure.
The size of the lubricant additives market in Africa contracted to $1.2B in 2024, reducing by -1.8% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption showed a relatively flat trend pattern. As a result, consumption reached the peak level of $1.3B. From 2023 to 2024, the growth of the market remained at a lower figure.
Consumption By Country
The countries with the highest volumes of consumption in 2024 were South Africa (50K tons), Angola (30K tons) and Egypt (30K tons), with a combined 34% share of total consumption. Ghana, Somalia, Burkina Faso, Niger, Rwanda, Liberia and Sierra Leone lagged somewhat behind, together comprising a further 40%.
From 2013 to 2024, the most notable rate of growth in terms of consumption, amongst the leading consuming countries, was attained by Liberia (with a CAGR of +7.4%), while consumption for the other leaders experienced more modest paces of growth.
In value terms, South Africa ($209M), Egypt ($142M) and Angola ($87M) constituted the countries with the highest levels of market value in 2024, together comprising 38% of the total market. Ghana, Niger, Burkina Faso, Sierra Leone, Rwanda, Somalia and Liberia lagged somewhat behind, together comprising a further 30%.
Among the main consuming countries, Sierra Leone, with a CAGR of +7.2%, saw the highest growth rate of market size over the period under review, while market for the other leaders experienced more modest paces of growth.
The countries with the highest levels of lubricant additives per capita consumption in 2024 were Liberia (2.5 kg per person), Sierra Leone (1.6 kg per person) and Somalia (1.2 kg per person).
From 2013 to 2024, the biggest increases were recorded for Liberia (with a CAGR of +4.8%), while consumption for the other leaders experienced more modest paces of growth.
Production
Africa's Production of Prepared Additives For Mineral Oils
In 2024, approx. 181K tons of prepared additives for mineral oils were produced in Africa; with an increase of 4.2% on the previous year. The total output volume increased at an average annual rate of +2.1% from 2013 to 2024; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2016 when the production volume increased by 22% against the previous year. Over the period under review, production reached the maximum volume at 189K tons in 2022; however, from 2023 to 2024, production remained at a lower figure.
In value terms, lubricant additives production expanded markedly to $544M in 2024 estimated in export price. The total output value increased at an average annual rate of +1.3% over the period from 2013 to 2024; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2022 when the production volume increased by 23% against the previous year. As a result, production attained the peak level of $570M. From 2023 to 2024, production growth failed to regain momentum.
Production By Country
The countries with the highest volumes of production in 2024 were Angola (26K tons), Somalia (22K tons) and Ghana (21K tons), together comprising 38% of total production. Burkina Faso, Niger, Rwanda, Liberia, Sierra Leone and South Africa lagged somewhat behind, together accounting for a further 51%.
From 2013 to 2024, the most notable rate of growth in terms of production, amongst the key producing countries, was attained by Liberia (with a CAGR of +11.2%), while production for the other leaders experienced more modest paces of growth.
Imports
Africa's Imports of Prepared Additives For Mineral Oils
In 2024, lubricant additives imports in Africa declined to 153K tons, falling by -8.2% against the previous year's figure. Overall, imports showed a perceptible decrease. The most prominent rate of growth was recorded in 2015 when imports increased by 13% against the previous year. As a result, imports reached the peak of 206K tons. From 2016 to 2024, the growth of imports failed to regain momentum.
In value terms, lubricant additives imports shrank to $667M in 2024. In general, imports showed a mild curtailment. The growth pace was the most rapid in 2022 when imports increased by 24%. As a result, imports attained the peak of $747M. From 2023 to 2024, the growth of imports remained at a somewhat lower figure.
Imports By Country
South Africa (44K tons) and Egypt (30K tons) represented roughly 48% of total imports in 2024. Kenya (11K tons) took a 6.9% share (based on physical terms) of total imports, which put it in second place, followed by Algeria (5.9%). Morocco (6.4K tons), Senegal (5.4K tons), Chad (4.8K tons), Tunisia (4.8K tons), Nigeria (4.4K tons) and Tanzania (3.8K tons) followed a long way behind the leaders.
From 2013 to 2024, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Chad (with a CAGR of +29.9%), while imports for the other leaders experienced more modest paces of growth.
In value terms, South Africa ($189M), Egypt ($149M) and Kenya ($47M) were the countries with the highest levels of imports in 2024, together accounting for 58% of total imports. Algeria, Morocco, Nigeria, Senegal, Tunisia, Chad and Tanzania lagged somewhat behind, together accounting for a further 25%.
Among the main importing countries, Chad, with a CAGR of +27.2%, 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 more modest paces of growth.
Import Prices By Country
The import price in Africa stood at $4,354 per ton in 2024, remaining stable against the previous year. Over the last eleven-year period, it increased at an average annual rate of +1.7%. The pace of growth appeared the most rapid in 2022 an increase of 16% against the previous year. Over the period under review, import prices hit record highs in 2024 and is likely to see gradual growth in the immediate term.
Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Nigeria ($5,816 per ton), while Algeria ($3,610 per ton) was amongst the lowest.
From 2013 to 2024, the most notable rate of growth in terms of prices was attained by Nigeria (+5.4%), while the other leaders experienced more modest paces of growth.
Exports
Africa's Exports of Prepared Additives For Mineral Oils
In 2024, the amount of prepared additives for mineral oils exported in Africa rose sharply to 9.4K tons, surging by 13% compared with 2023. Overall, exports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 with an increase of 38% against the previous year. As a result, the exports attained the peak of 12K tons. From 2019 to 2024, the growth of the exports remained at a somewhat lower figure.
In value terms, lubricant additives exports amounted to $37M in 2024. In general, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 35%. Over the period under review, the exports attained the peak figure at $40M in 2020; however, from 2021 to 2024, the exports failed to regain momentum.
Exports By Country
South Africa (4.2K tons) and Senegal (3.1K tons) prevails in exports structure, together creating 78% of total exports. It was distantly followed by Zambia (565 tons) and Egypt (564 tons), together making up a 12% share of total exports. The following exporters - Nigeria (297 tons) and Tunisia (217 tons) - together made up 5.5% of total exports.
From 2013 to 2024, the biggest increases were recorded for Zambia (with a CAGR of +140.7%), while shipments for the other leaders experienced more modest paces of growth.
In value terms, the largest lubricant additives supplying countries in Africa were South Africa ($17M), Senegal ($12M) and Egypt ($2.9M), together comprising 87% of total exports. Nigeria, Tunisia and Zambia lagged somewhat behind, together accounting for a further 6%.
Zambia, with a CAGR of +96.7%, saw the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.
Export Prices By Country
In 2024, the export price in Africa amounted to $3,910 per ton, which is down by -5.4% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2023 when the export price increased by 15%. As a result, the export price reached the peak level of $4,134 per ton, and then fell in the following year.
There were significant differences in the average prices amongst the major exporting countries. In 2024, amid the top suppliers, the country with the highest price was Egypt ($5,060 per ton), while Zambia ($537 per ton) was amongst the lowest.
From 2013 to 2024, the most notable rate of growth in terms of prices was attained by Nigeria (+5.7%), while the other leaders experienced mixed trends in the export price figures.
Source: IndexBox Market Intelligence Platform
