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 MOREAccounting for approximately 8% of the global finished lubricant demand, Africa and the Middle East is a region ripe for growth. The region is forecast to grow at a modest compound annual growth rate (CAGR) of 3% until 2019. Infrastructure and a modernizing vehicle parc will play a role in altering the landscape for finished
READ MOREThe Russian-Ukrainean war is causing an upset to the supply of base oils in the Nigerian lubricant market, stakeholders told BND. According to Nigerian lubricant blenders, the war between Russia and Ukraine has led to the opening of shipping routes in the global North, especially the US, Europe, the Middle East, and Kazakhstan. “The Russian-Ukrainian
READ MORENo Cause for Concern Over Shell’s Exit
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
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