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AFRICA AUTOMOTIVE ENGINE OILS MARKET SIZE & SHARE ANALYSIS – GROWTH TRENDS & FORECASTS UP TO 2026

AFRICA AUTOMOTIVE ENGINE OILS MARKET SIZE & SHARE ANALYSIS – GROWTH TRENDS & FORECASTS UP TO 2026

Africa Automotive Engine Oils Market Analysis The Africa Automotive Engine Oils Market stood at 1.02 billion liters in 2021 and is projected to register a CAGR of 4.07% to reach 1.24 billion liters in 2026. Largest Segment by Vehicle Type – Commercial Vehicles : Due to the large average engine oil capacity of heavy-duty trucks, pickup trucks,

Africa Automotive Engine Oils Market Analysis

The Africa Automotive Engine Oils Market stood at 1.02 billion liters in 2021 and is projected to register a CAGR of 4.07% to reach 1.24 billion liters in 2026.

  • Largest Segment by Vehicle Type – Commercial Vehicles : Due to the large average engine oil capacity of heavy-duty trucks, pickup trucks, and buses, Africa’s commercial vehicle (CV) sector consumes the bulk of engine oil.
  • Fastest Segment by Vehicle Type – Passenger Vehicles : Since 2020, there has been an increase in demand for used SUVs in African nations like Egypt, which is projected to increase engine oil consumption in passenger vehicles.
  • Largest Country Market – Egypt : Egypt’s significant lubricant consumption is attributable to the country’s vehicle fleet and the growing average age of cars that require substantial lubricant usage.
  • Fastest Growing Country Market – Morocco : Morocco is fastest growing automotive engine oil consumer among all African countries due to its constant growth in domestic production and motor vehicle registrations.

Africa Automotive Engine Oils Industry Segmentation

By Vehicle Type
Commercial Vehicles
Motorcycles
Passenger Vehicles
By Country
Egypt
Morocco
Nigeria
South Africa
Rest of Africa

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Africa Automotive Engine Oils Market Trends

This section covers the major market trends shaping the Africa Automotive Engine Oils Market according to our research experts:

Largest Segment By Vehicle Type : Commercial Vehicles

  • Engine oils are the most used automotive lubricants among all the product types. During 2015-2019, the automotive engine oil consumption in the African region increased at a CAGR of 1.75%. In 2020, engine oils accounted for around 79% of the total automotive lubricant consumption volume in the region.
  • In 2020, the COVID-19 outbreak resulted in a huge decline in the usage of the existing African fleet due to a fall in business activities. As a result, engine oil consumption in the region decreased by around 5% during 2019-2020.
  • Along with the expected recovery in sales and production of automobiles, an increase in the penetration of electric vehicles is expected to have a slight impact on engine oil consumption. Considering these factors, engine oil consumption is expected to register a CAGR of 4% during 2021-2026.
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Largest Country : Egypt

  • During 2015-2019, automotive engine oil consumption in Africa increased at a CAGR of around 1.75%. Egypt was the leading consumer of automotive engine oils in the region, accounting for 30% of the total consumption in 2020.
  • Travel restrictions imposed after the COVID-19 outbreak restricted engine oil consumption across the region in 2020. South Africa was the most affected, as it witnessed an 8.5% drop in consumption during 2019-2020, followed by Egypt, which saw a decline of over 8%.
  • Morocco is likely to be the fastest-growing engine oil market. The consumption will likely register a CAGR of 5.71%, followed by South Africa and Egypt, which are expected to register a CAGR of 3.46% and 3.1%, respectively, during 2021-2026. The expected recovery in automotive sales and production from 2021 is anticipated to drive this growth.
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Africa Automotive Engine Oils Industry Overview

The Africa Automotive Engine Oils Market is moderately consolidated, with the top five companies occupying 47.62%. The major players in this market are BP PLC (Castrol), Engen Petroleum Ltd, ExxonMobil Corporation, Royal Dutch Shell PLC and TotalEnergies (sorted alphabetically).

Africa Automotive Engine Oils Market Leaders

  1. BP PLC (Castrol)
  2. Engen Petroleum Ltd
  3. ExxonMobil Corporation
  4. Royal Dutch Shell PLC
  5. TotalEnergies

*Disclaimer: Major Players sorted in no particular order

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Africa Automotive Engine Oils Market News

  • March 2022: FUCHS company introduced Maintain Fricofin and Titan GT1 Flex small pack lubricants for automotive applications.
  • January 2022: Effective April 1, ExxonMobil Corporation was organized along three business lines – ExxonMobil Upstream Company, ExxonMobil Product Solutions and ExxonMobil Low Carbon Solutions.
  • September 2021: Engen has made a ground-breaking development by launching its Engen App for the convenience of its customers. Engen will offer all its products and services through this app, making it easier for the consumers. This is expected to increase the sales of its lubricants and gain brand recognition in the region.
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