ILMA Compoundings September 2017 - 12
INDUSTRY RUNDOWN
International Insight
Africa's Automotive
Lubricant Market
Grows
By Lam Lye Ching
Demand for automotive lubricants in Africa is expected
to grow thanks to increasing motor vehicle sales and the
growth of foreign automotive manufacturing facilities
on the continent.
With a compound annual growth rate of 3.5 percent,
Africa's automotive lubricant consumption is expected to
reach 763,782 kiloliters by 2020. Mineral oil lubricants will
continue to dominate the market, according to Automotive
Lubricants for Africa, a report by Markets and Markets, a
U.S.-based industry consultancy firm.
"The increased purchasing power, large number of fleet
vehicles and high-end cars are generating demand of lubricants for passenger cars," said the report.
Egypt is the largest market for automotive lubricants in
Africa, with a compound annual growth rate of 3.6 percent
from 2015 to 2020. This is in part the result of a growing
tourism industry spurring an increase in private transport
fleets, which boosts demand for automotive lubricants.
Egypt, together with South Africa and Nigeria, is also a
major automotive hub for Africa.
In 2014, the number of registered passenger vehicles in
Africa was only 42 million, according to Africa Automotive
Insights by Deloitte, a global consultancy firm. With the
continent's motorization rate at about 44 vehicles per 1,000
inhabitants, or less than one-third of the global average of
180 vehicles, the growth potential is substantial.
The company forecasted Africa's passenger vehicle sales to
reach up to 10 million per year within the next 15 years and
"foresees room for growth across the automotive value chain
including sales, after-sales." In 2015, the number of new
vehicles was about 1.55 million, with South Africa, Egypt,
Algeria and Morocco accounting for more than 80 percent.
In Africa, the majority of passenger vehicles are imported. Used cars account for more than 80 percent of vehicle
12
SEPTEMBER 2017
| COMPOUNDINGS | ILMA.ORG
imports from the U.S., Europe and Japan, and they differ in
types and age for each country.
In Nigeria, "a large share of secondhand vehicles are
imported from the U.S., given that vehicle specifications in
this market are more in line with the demand and taste of
Nigerian consumers," said the report.
The average age of Ethiopia's fleet is 15 to 20 years, and
Japanese brand Toyota has 90 percent share. In Kenya, some
used cars can be 20 years old as there are no regulations to
limit the age of these vehicles. Following the footsteps of
Nigeria, South Africa and Egypt, East African countries are
now looking into the implementation of new rules to limit
the age of imported used cars in order to develop the local
automotive industry.
http://www.ILMA.ORG
ILMA Compoundings September 2017
Table of Contents for the Digital Edition of ILMA Compoundings September 2017
ILMA Compoundings September 2017 - Cover1
ILMA Compoundings September 2017 - Cover2
ILMA Compoundings September 2017 - 1
ILMA Compoundings September 2017 - 2
ILMA Compoundings September 2017 - 3
ILMA Compoundings September 2017 - 4
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ILMA Compoundings September 2017 - Cover3
ILMA Compoundings September 2017 - Cover4
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