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Africa Automotive Engine Oils Market - Size, Share, COVID-19 Impact & Forecasts Up To 2026

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  • September 2022
  • Region: Africa
  • Mordor Intelligence
  • ID: 5656680
UP TO OFF until Dec 31st 2023
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.

Key Highlights

  • 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.

Key Market Trends

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.

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.

Competitive Landscape

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).

Additional Benefits:

  • The market estimate (ME) sheet in Excel format
  • 3 months of analyst support

Table of Contents

1 Executive Summary & Key Findings
2 Introduction
2.1 Study Assumptions & Market Definition
2.2 Scope of the Study?
2.3 Research Methodology
3 Key Industry Trends
3.1 Automotive Industry Trends
3.2 Regulatory Framework
3.3 Value Chain & Distribution Channel Analysis
4 Market Segmentation
4.1 By Vehicle Type
4.1.1 Commercial Vehicles
4.1.2 Motorcycles
4.1.3 Passenger Vehicles
4.2 By Product Grade
4.3 By Country
4.3.1 Egypt
4.3.2 Morocco
4.3.3 Nigeria
4.3.4 South Africa
4.3.5 Rest of Africa
5 Competitive Landscape
5.1 Key Strategic Moves
5.2 Market Share Analysis
5.3 Company Profiles
5.3.1 Afriquia
5.3.2 Astron Energy Pty Ltd
5.3.3 BP PLC (Castrol)
5.3.4 Engen Petroleum Ltd
5.3.5 ExxonMobil Corporation
5.3.6 FUCHS
5.3.7 Oando PLC
5.3.8 OLA Energy
5.3.9 Royal Dutch Shell PLC
5.3.10 TotalEnergies
6 Appendix
6.1 Appendix-1 References
6.2 Appendix-2 List of Tables & Figures
7 Key Strategic Questions for Lubricants CEOs

Companies Mentioned

A selection of companies mentioned in this report includes:

  • Afriquia
  • Astron Energy Pty Ltd
  • BP PLC (Castrol)
  • Engen Petroleum Ltd
  • ExxonMobil Corporation
  • Oando PLC
  • OLA Energy
  • Royal Dutch Shell PLC
  • TotalEnergies