ILMA Compoundings April 2018 - 29
for a mature market - 1.5 percent -
in 2017, mainly from Spain and
Portugal, which showed growth of
over 5 percent. In Eastern Europe and
the Middle East, demand was stagnant
in 2017, while Africa showed a significant decline of around 3 percent,
mainly because of Egypt, which was
contending with inflation, soaring
prices and cuts to energy subsidies.
The highest regional demand increase
in 2017 came from the Asia-Pacific
region, where mature markets, such as
Japan and South Korea, plus emerging
markets and markets in transition such
as China and India, showed positive
volume growth.
Turning from regions to countries,
the list of the top 20 lubricantconsuming countries, which make up
close to three-fourths of worldwide
lube consumption in terms of volume,
is headed by China and the U.S.,
which together account for one-third
of global demand. In terms of per
capita consumption, the U.S., as the
second-largest single market, has the
second-highest per capita consumption - roughly 19 kilograms per
person in 2017. Interestingly, China,
the largest market in the top 20, has
the second-lowest per capita consumption at 5 kg per person. These
numbers show the growth potential
in a country like China, although
it is unlikely to ever reach the per
capita demand of the U.S., as quantity and quality growth work against
each other. Instead, China should be
considered an emerging market which
is starting to transition to a mature
market; a more probable model is to
reach Europe's lube appetite - around
8 kg per person. If China reaches that
level, its total lubricants market would
someday be some 12 million tons.
There are six European countries
in the top 20 lube nations: Russia,
Germany, United Kingdom, France,
Italy and Spain.
As noted, Europe's overall share of
global lubricants demand declined
from 23 percent to 19 percent between
2007 and 2017. Interestingly, the split
between Western and Eastern Europe
remained nearly the same in this time
frame: Western Europe at slightly above
50 percent, and Eastern Europe slightly
below 50 percent of total European
consumption, then and now. The
top three countries in the Western/
Eastern European subregion comprised
approximately 60 percent of their
respective subregional demand in 2017,
with the two top countries - Russia
and Germany - accounting for onethird of total European volumes thanks
to their large vehicle populations and
strong manufacturing bases.
The newly created Union of the
European Lubricants Industry (UEIL)
Industry Statistics Committee (UISC)
has had a very productive first few
months of operation and was able to
publish the first report on UEIL lubricants industry statistics in October
2017. The committee members were
chosen to secure the right mix of skills,
knowledge and industry experience.
The first of what will become an
29
ILMA Compoundings April 2018
Table of Contents for the Digital Edition of ILMA Compoundings April 2018
LETTER FROM THE PRESIDENT
LETTER FROM THE CEO
INSIDE ILMA
WHAT’S COMING UP
INDUSTRY RUNDOWN
In the Know
International Insight
Market Report
DO DISRUPTIONS DAMAGE DURABILITY?
REAGAN’S TRADE LESSONS FOR TRUMP
MINING FOR SUCCESS
COUNSEL COMPOUND
WASHINGTON LANDSCAPE
IN NETWORK
Member Connections
Cross Connections
PORTRAIT
ILMA Compoundings April 2018 - Cover1
ILMA Compoundings April 2018 - Cover2
ILMA Compoundings April 2018 - 1
ILMA Compoundings April 2018 - 2
ILMA Compoundings April 2018 - LETTER FROM THE PRESIDENT
ILMA Compoundings April 2018 - 4
ILMA Compoundings April 2018 - LETTER FROM THE CEO
ILMA Compoundings April 2018 - INSIDE ILMA
ILMA Compoundings April 2018 - 7
ILMA Compoundings April 2018 - 8
ILMA Compoundings April 2018 - 9
ILMA Compoundings April 2018 - 10
ILMA Compoundings April 2018 - 11
ILMA Compoundings April 2018 - WHAT’S COMING UP
ILMA Compoundings April 2018 - 13
ILMA Compoundings April 2018 - INDUSTRY RUNDOWN
ILMA Compoundings April 2018 - 15
ILMA Compoundings April 2018 - In the Know
ILMA Compoundings April 2018 - 17
ILMA Compoundings April 2018 - International Insight
ILMA Compoundings April 2018 - 19
ILMA Compoundings April 2018 - Market Report
ILMA Compoundings April 2018 - 21
ILMA Compoundings April 2018 - 22
ILMA Compoundings April 2018 - 23
ILMA Compoundings April 2018 - 24
ILMA Compoundings April 2018 - 25
ILMA Compoundings April 2018 - 26
ILMA Compoundings April 2018 - 27
ILMA Compoundings April 2018 - DO DISRUPTIONS DAMAGE DURABILITY?
ILMA Compoundings April 2018 - 29
ILMA Compoundings April 2018 - 30
ILMA Compoundings April 2018 - 31
ILMA Compoundings April 2018 - 32
ILMA Compoundings April 2018 - 33
ILMA Compoundings April 2018 - REAGAN’S TRADE LESSONS FOR TRUMP
ILMA Compoundings April 2018 - 35
ILMA Compoundings April 2018 - 36
ILMA Compoundings April 2018 - 37
ILMA Compoundings April 2018 - 38
ILMA Compoundings April 2018 - 39
ILMA Compoundings April 2018 - 40
ILMA Compoundings April 2018 - 41
ILMA Compoundings April 2018 - MINING FOR SUCCESS
ILMA Compoundings April 2018 - 43
ILMA Compoundings April 2018 - 44
ILMA Compoundings April 2018 - 45
ILMA Compoundings April 2018 - 46
ILMA Compoundings April 2018 - 47
ILMA Compoundings April 2018 - COUNSEL COMPOUND
ILMA Compoundings April 2018 - 49
ILMA Compoundings April 2018 - 50
ILMA Compoundings April 2018 - 51
ILMA Compoundings April 2018 - WASHINGTON LANDSCAPE
ILMA Compoundings April 2018 - 53
ILMA Compoundings April 2018 - Member Connections
ILMA Compoundings April 2018 - 55
ILMA Compoundings April 2018 - 56
ILMA Compoundings April 2018 - 57
ILMA Compoundings April 2018 - Cross Connections
ILMA Compoundings April 2018 - 59
ILMA Compoundings April 2018 - 60
ILMA Compoundings April 2018 - 61
ILMA Compoundings April 2018 - 62
ILMA Compoundings April 2018 - 63
ILMA Compoundings April 2018 - PORTRAIT
ILMA Compoundings April 2018 - Cover3
ILMA Compoundings April 2018 - Cover4
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