Lubricating Oil Additive Market Overview in Belgium
In value terms, lubricating oil additive production reduced to $ in estimated in export prices. In general, production saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the production volume increased by % y-o-y. Lubricating oil additive production peaked at $ in 2011; however, from 2012 to , production remained at a lower figure.
The size of the lubricating oil additive market in Belgium surged to $ in , growing by % 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). In general, consumption saw a notable expansion. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.