Iraq Lubricant Market Snapshot|Lubricant Demand in Qatar - PowerPoint PPT Presentation

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Iraq Lubricant Market Snapshot|Lubricant Demand in Qatar

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The report covers specific insights on the market size in terms of production and consumption volume, segmentation on the basis of geography, application, quality of oil and type of oil by major countries, recent trends and developments and future outlook of the lubricants market in MENA region – PowerPoint PPT presentation

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Title: Iraq Lubricant Market Snapshot|Lubricant Demand in Qatar


1
Middle East and North Africa Lubricants Market
Outlook to 2019 - Driven by Automotive Demand
and Infrastructural Developments
2
  • The Middle East and Africa currently consumes an
    estimated of the global demand for lubricants.
    An important trend observed in this region is
    that markets which have been comparatively larger
    from volume point of view were less advanced than
    smaller consuming markets such as the UAE. Iran
    and Egypt were the largest markets in terms of
    consumption, which accounted for nearly of the
    total demand in Middle East in 2014. Northern
    Africa is also a small lubricant consuming market
    from a volume point of view, with Egypt being the
    top most consumers.

3
  • In terms of production, the biggest player in the
    MENA lubricants market was UAE with a share of
    followed by Iran, which contributed to the
    regions production of lubricants in 2014.
    Although UAE had a relatively small market for
    lubricants, however the region has ample number
    of blending plants that support the export of
    lubricants to Africa, Europe and Asia.

4
  • Lubricants production in MENA region has changed
    from thousand tons in the year 2009 to
    thousand tons in the year 2014. Production in
    various countries witnessed a negative growth
    rate during years 2010 as financial crisis had
    severely impacted the global economy as well as
    during 2012.
  • A decline in overall lubricants production over
    the past five years has also been witnessed. The
    lubricants production of MENA region recorded a
    modest growth of during the period 2009-2014.

5
  • MENA lubricants market is predicted to pace up
    rapidly in the forthcoming years. Abundance of
    base oil and low cost of production have driven
    the growth of lubricants production in the
    region. Further, rising demand from international
    markets has been inducing producers to expand
    production capacities. It is forecasted that the
    lubricants production will surge from thousand
    tons in the year 2015 to gigantic thousand tons
    by the year 2019 due to expanding refining
    capacities and upcoming blending facilities.

6
  • Iran lubricants market has been one of the
    largest markets in the MENA region. The country
    produced nearly of the lubricants production
    in the overall MENA region by the end of year
    2014. The country produced approximately
    thousand tons of lubricants in the year 2009 to
    declining production of thousand tons in 2014
    due to decrease in oil production coupled with
    geopolitical issues. Hence, production of
    lubricants has witnessed a substantial decline at
    a CAGR of during the period 2009-2014. The
    country consumes a significant of its
    lubricants production and exports the rest.

7
  • Despite several difficulties faced by the nations
    due to issuance of sanctions, Iran has managed to
    recover. It is forecasted that the lubricants
    production will surge from thousand tons in the
    year 2015 to gigantic thousand tons by the year
    2019 due to the expanding refinery capacity of
    the country and upcoming petrochemical projects.
    The exports are anticipated to be analogous to
    the production and thereby are expected to
    register significant growth at an appreciable
    CAGR of during the forecasted period
    2015-2019.

8
  • Heavy duty motor oils contributed nearly to
    the overall consumption of lubricants in Iran in
    2014. The share of PCMOs in the Iran lubricants
    market has been noted at in 2014. Thus, the
    automotive lubricants market collectively
    occupied share in consumption of finished
    lubricants during 2014. During 2014, industrial
    oils contributed a share of in the consumption
    of finished lubricants.

9
  • Saudi Arabia lubricants market has been amongst
    the largest markets for production as well as
    consumption in the MENA region. The rapid
    infrastructure development in the country coupled
    with high demand from the progressing automotive
    and industrial sector has been majorly driving
    the market for lubricants in Saudi Arabia. Due to
    a significant domestic demand for lubricants in
    the country, Saudi Arabia has been consuming
    significantly large proportions of its
    production.

10
  • The countrys production of lubricants has
    witnessed a CAGR of during the period
    2009-2014, reaching a production volume of
    thousand tons by 2014. Due to a significant
    domestic demand for lubricants in the country,
    Saudi Arabia has been consuming significantly
    large proportions of its production.

11
  • Saudi Arabia is likely to leverage its lubricants
    production through enhancing refining capacities
    and upcoming petrochemical projects. Lubricants
    production in the country will reach thousand
    tons by 2019. It is assessed that there will be a
    leap in lubricants production at a CAGR of
    during 2015-2019. With the governments
    initiatives in developing the infrastructure and
    transportation system, the country is expected to
    perceive growth in roadways, railways as well as
    well as sea ports. A number of infrastructure
    projects are also lined up in the near future.

12
  • During 2014, Petromin has been the leading player
    in the lubricants market and commanded a share of
    through lubricants sales. Aljomaih and Shell
    was the second largest lubricants producing
    company and accounted for of volume sales in
    Saudi Arabia lubricants market.

13
  • UAE has been the largest lubricants producing
    country in the MENA region. Lubricants production
    in UAE is contributed significantly by refineries
    and blending plants. The total lubricants
    production in the country has escalated from
    thousand tons in 2009 to massive rise to
    thousand tons in 2014 at a CAGR of during this
    period.

14
  • It is observed that the market witnessed a
    paralyzed growth in year 2010 due to the global
    economic crisis, while it started recovering in
    year 2011. The domestic production during the
    year 2011 had reached thousand tons after which
    it continuously grew at a moderate pace to reach
    thousand tons by the end of year 2014.

15
  • The transportation segment contributed highest
    demand for lubricants and accounted for nearly
    of the overall sales for lubricants in the UAE.
    The sales for heavy duty motor oil and passenger
    motor oil accounted for and of the total
    market during the year 2014. Further, the
    industrial machinery and equipment segment
    reported a demand for lubricants.
  • The demand for industrial machinery and equipment
    application is powered by increasing investments
    in construction, manufacturing and logistics
    sectors.

16
  • Egypt was amongst the largest producers and
    consumers of lubricants in the North Africa
    region during 2014. Egypt also constitutes one of
    the largest markets for lubricants in Africa.
    During 2014, the country accounted for about
    one-fourth of Africas demand for lubricants. It
    has been analyzed that Egypt accounted for nearly
    of the production of lubricants of MENA region
    during 2014. The lubricants consumption in the
    country has climbed from thousand tons in 2009
    to declining thousand tons in the year 2014.

17
  • Lubricating oil used in Egypt is of low quality
    and the mineral oil based lubricants are very
    popular. Re-refined oil is also largely used in
    the country since it is cheaper than other
    varieties of oils. Mineral oil based lubricants
    occupied a share of in the sales volume in
    2014, while synthetics contributed only a share
    of in the overall sales volume. It has been
    observed that manufacturing facilities and old
    commercial and private vehicles have been using
    low quality oils, while only the new vehicles in
    the country used synthetic oils as of 2014.

18
  • It is estimated that lubricants consumption is
    likely to mount at a growth rate of accounting
    to thousand tons of consumption in the year
    2019. Additionally, the market of Egypt is still
    hesitant to adopt the new technology. A major
    reason for this is the low income of the Egyptian
    people. Vehicles owned by people are mostly old
    and poorly maintained and are often repaired with
    outdated or second-hand spare parts. Thus, the
    Egyptian lubricant market will continue to be
    inclined towards traditional lubricants and will
    be one of the last counties in the MENA region to
    shift to premium high quality products.

19
  • Algeria has also been a major consumer of
    lubricants and since the country is not self
    sufficient in production and has been importing
    significant quantities of lubricants for domestic
    consumption. Due to limited oil production in the
    country, the production of lubricants has
    declined by during the review period
    2009-2014. On the other hand, increasing
    vehicular population and infrastructural
    activities have enabled the consumption to
    enlarge at during 2009-2014.

20
  • In 2014, the Algerian lubricants market has been
    controlled majorly by NAFTAL which held a market
    share of in terms of volume sales of
    lubricants in the domestic market. Total
    Lubrifiants Algeria occupied a significant share
    in the Algeria lubricants market and controlled
    nearly of the lubricant sales in 2014. The
    remaining share in the market was held by a
    few global companies including Shell and BP,
    which imported products from their global
    production facilities and market them in Algeria.

21
  • The domestic consumption of Algeria has grown at
    a much faster pace than the countrys production,
    therefore the country relies heavily on imports.
    Consumption is expected to expand at an
    impressive rate of during the forecasted
    period. Algeria is one of the rapidly growing
    markets for lubricants in the MENA region and is
    anticipated to grow at a very fast pace in the
    coming years. With rising purchasing power of
    consumers in the country the vehicle population
    is expected to enlarge in the coming years

22
  • The MENA lubricants market is projected to
    witness tremendous growth in the coming years.
    The production is anticipated to register a
    noteworthy CAGR of during the forecasted
    period 2015-2019. Rapid industrial development in
    the region, tourism activities and booming
    automotive sector are the major factors fuelling
    the demand for lubricants in MENA countries. The
    total lubricants consumption is forecasted to
    mount from thousand tons in the year 2015 to
    thousand tons by the year 2019.

23
  • The rapidly increasing vehicle population in the
    region, rising disposable incomes of consumers
    and healthy GDP growth rates allowing governments
    to invest in infrastructural and industrial
    development projects are considered important to
    drive the market in the near future.
  • MENA region is a major player in the Group I base
    oil segment and is projected to be the one of the
    last few markets to shift to lighter grade base
    oils.

24
  • The total lubricants production in MENA region is
    forecasted to increase from thousand tons in
    2015 to mighty thousand tons by the year 2019.
    The leading country UAE is anticipated to
    maintain its top most position with a share in
    overall production. UAE is likely to be the
    leader in MENA lubricants market as its
    production will rise from thousand tons in the
    year 2015 to thousand tons in 2019. Algeria is
    expected to perceive the highest growth in its
    production through enhancing refinery and
    blending capacities at an appreciable CAGR of
    during the forecasted period 2015-2019.

25
  • Iran leads the market in terms of consumption and
    the countrys consumption is forecasted to surge
    from thousand tons in the year 2015 to
    impressive thousand tons by the year 2019 due
    to increase in vehicle sales. Algeria is expected
    to observe the fastest growth in the region with
    a CAGR of . Another important country that is
    expected to emerge in terms of consumption will
    be Qatar. The rapid infrastructural development
    in the country due of upcoming soccer world cup
    is expected to generate tremendous demand for
    lubricants.

26
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