How
is Lubricants Market Positioned in Algeria?
Algeria lubricants market
is presently in its growth stage. The market comprises of both domestic
production and import of lubricants to meet the domestic demand for lubricants.
There are 9 players in total that operate in the organized space of the market
including the government owned Sonatrach. The terrorist attacks near oil
refineries of In Amenas in 2013 and the global oil price shock during 2014-2015
negatively impacted the market during the period 2012-2017. However, increasing
government expenditure to diversify the oil dependent economy through
initiatives like National Vision 2030 and SH2030 are expected to keep the
overall market demand for lubricants growing in future.
The lubricant sales in Algeria have declined at a negative CAGR during
the period 2012 to 2017. The leading categories in case of market segmentation
by origin were mineral lubricants while in case of segmentation by type,
lubricants used in automotive sector especially in commercial and passenger vehicles,
led the market. Moreover, majority of the lubricants sales were met through
dealer networks in the country as they are associated with higher trust and
credibility. Ever since the oil price shock and terrorist attacks, the
government has focused on diversification of the economy to decrease the oil
and gas sector dependency by encouraging other industries to emerge through its
five year plans of 2009-2014 and 2014-2019.
Algeria Lubricants Market Segmentation
By Origin: In 2017, mineral
lubricants dominated the lubricants market of Algeria. This is mainly due to
their low retail price and easy refining process. Moreover, industries prefer
mineral oils as they have o make bulk purchases in comparison to customers that
purchase automotive lubricants in much smaller quantities. This was followed by
semi-synthetic and finally, synthetic lubricants, which accounted for the lower
volume share due to comparatively narrower scope of usage in end user
applications.
By Type (Automotive and
Industrial): Automotive lubricants dominated the lubricants market of
Algeria till the year 2017 with high volume of domestic sales. Automotive
lubricants are required for rented, used and pre-owned vehicles. Industrial
lubricants followed with a comparatively lesser volume share with construction
sector being the largest end user. The remaining end users of industrial
lubricants include manufacturing, power generation and other end user
industries.
Algeria Automotive Lubricants Market Segmentation
By Application (Heavy Duty
Diesel Engine Oils, Passenger Car Motor Oils, Hydraulic Oils, Greases, Gear
Oils and Transmission Fluids): Domestic sales of Heavy Duty Diesel Engine
Oils and Passenger Car Motor Oils dominated the automotive lubricants market of
Algeria catering to majority of the market demand in 2017. This was majorly due
to huge number on road passenger and commercial vehicles in the country. The
volume shares of Hydraulic Oils, Greases and Gear & Transmission Fluids
were much lesser and collectively accounted for remaining volume share in the
market. Moreover, Transmission Fluids are replaced only after vehicles have
travelled distances, larger than 60,000 miles which is sporadic.
By End Users (Passenger Vehicle
Lubricants, Commercial Vehicle Lubricants, Marine Lubricants and Aviation
Lubricants): Commercial and passenger vehicles were the largest consumers
of automotive lubricants in Algeria in 2017 and collectively accounted for
majority of the market. This is due to the growing transportation and logistics
industry and high existing domestic demand in households. The remaining volume share
was of marine and aviation lubricants which were mostly imported from abroad.
By Channel of Distribution (OEM
Workshops/Service Stations, Dealer Networks and Others): Dealer networks
were the leading category under this segmentation with the highest volume share
in 2017. This was mainly because of their expertise and knowledge which enables
them to advice customers. This increases customer trust and makes dealer
networks a preferred channel for sales. Service stations accounted for the
second highest market share in 2017. The remaining market was catered by other
channels such as supermarkets and online sales.
Key Segments Covered:-
By Origin (Mineral,
Semi-synthetic and Synthetic Lubricants)
By Type
(Automotive and Industrial Lubricants)
Automotive Lubricants
By Application (Heavy
Duty Diesel Engine Oils, Passenger Car Motor Oils, Hydraulic Oils, Greases, Gear
Oils and Transmission Fluids)
By End Users (Passenger
Vehicle Lubricants, Commercial Vehicle Lubricants, Marine Lubricants and
Aviation Lubricants)
By Channel of Distribution (OEM
Workshops/Service Stations, Dealer Networks and Others)
Industrial Lubricants
By Application (Hydraulic
Oils, Industrial Gear Oils, Turbine Oils, Compressor Oils, Greases and
Transformer Oils)
By End Users (Construction,
Power Generation, Manufacturing and Others)
By Channel of Distribution (Direct
Sales by Companies and Workshops, Dealer network)
Key Target Audience:-
Lubricants Manufacturers
Lubricants Distributors
Government Agencies
Base-oil Companies
Additive Companies
Refining Companies
Time Period Captured in the Report:-
Historical Period: 2012-2017
Forecast Period: 2018-2022
Companies Covered:-
Sonatrach
Total S.A.
Petroser
Royal Dutch
Shell
Exol
Lubricants
Rebex
Lubricants
Lincoln (SKF)
Liqui Moly
Bardahl
For more information on the research
report, refer to below link:-
Related
Reports By Ken Research:-
Contact Us:-
Ken Research
Ankur Gupta, Head Marketing & Communications
ankur@kenresearch.com
+91-9015378249
Ken Research
Ankur Gupta, Head Marketing & Communications
ankur@kenresearch.com
+91-9015378249
