AFRICA AUTOMOTIVE ENGINE OILS MARKET SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS UP TO 2026
- Engine Oil
- June 19, 2023
Higher commodity prices, propelled upwards by war in Ukraine, will have a significant economic impact on the region.
READ MOREPresident Donald Trump’s trade tariff is negatively impacting lubricant markets across the African continent, stakeholders told Blenders ‘N” Dealers. “The trade tariff has increased the cost of raw materials, especially Group III base stocks, bio-based lubes, synthetic lubes and additives,” said Emmanuel Ekpenyong, Aviation Operations Manager, Puma Energy Tanzania. He added that, “The cost increase,
READ MORECape Town, South Africa: Multinational oil corporations are exiting the African lubricant market as part of strategies to streamline business operations and ensure efficiency and profitability, stakeholders told BND at the 10th ICIS African Base Oils and Lubricant Conference in Cape Town. Siva Konar, Marketing Segment Manager, Middle East and Africa at Azelis, said that major
READ MORECape Town, South Africa: Insecurity, currency fluctuation, and logistic challenges are limiting the expansion of the Nigerian lubricant market into the West African sub-region, said stakeholders of the Nigerian lubricant at the 10th ICIS African Base Oils and Lubricant Conference in Cape Town, South Africa. “There is a lot of growth in West Africa,” said
READ MORECape Town, South Africa: The African lubricant market is not a dumping ground for lubricants that are not fit-for-purpose, said stakeholders at the 10 th ICIS African Base Oils and Lubricant Conference in Cape Town, South Africa. “Lubricant oils that do not meet minimum quality standards should not be allowed into the African continent,” said
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