How big is the Africa Automotive Engine Oils Market?

The Africa Automotive Engine Oils Market size is expected to reach 1.16 billion Liters in 2024 and grow at a CAGR of 3.39% to reach 1.24 billion Liters by 2026. Read More

What is the current Africa Automotive Engine Oils Market size?

In 2024, the Africa Automotive Engine Oils Market size is expected to reach 1.16 billion Liters. Read More

Who are the key players in Africa Automotive Engine Oils Market?

BP PLC (Castrol), Engen Petroleum Ltd, ExxonMobil Corporation, Royal Dutch Shell PLC and TotalEnergies are the major companies operating in the Africa Automotive Engine Oils Market. Read More

Which segment has the biggest share in the Africa Automotive Engine Oils Market?

In the Africa Automotive Engine Oils Market, the Commercial Vehicles segment accounts for the largest share by vehicle type. Read More

Which country has the biggest share in the Africa Automotive Engine Oils Market?

In 2024, Egypt accounts for the largest share by country in the Africa Automotive Engine Oils Market. Read More

What years does this Africa Automotive Engine Oils Market cover, and what was the market size in 2023?

In 2023, the Africa Automotive Engine Oils Market size was estimated at 1.11 billion Liters. The report covers the Africa Automotive Engine Oils Market historical market size for years: 2015, 2016, 2017, 2018, 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Africa Automotive Engine Oils Market size for years: 2024, 2025 and 2026. Read More

Africa Automotive Engine Oils Market Trends

Statistics for the 2023 & 2024 Africa Automotive Engine Oils market trends, created by Mordor Intelligence™ Industry Reports. Africa Automotive Engine Oils trend report includes a market forecast to 202 and historical overview. Get a sample of this industry trends analysis as a free report PDF download.

Market Trends of Africa Automotive Engine Oils Industry

This section covers the major market trends shaping the Africa Automotive Engine Oils Market according to our research experts:

Largest Segment By Vehicle Type : <span style="font-family: 'regular_bold';color:#0e7db3;">Commercial Vehicles</span>

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.

Understand The Key Trends Shaping This Market

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Largest Country : <span style="font-family: 'regular_bold';color:#0e7db3;">Egypt</span>

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.