Argentina’s national oil company YPF was the country’s largest lube supplier in 2024 even as its total sales and market share slipped from the previous year.Five of the next six largest lube suppliers also saw a drop in sales last year as Argentina’s lube consumption slumped.The outlier was Pan American Energy, whose sales and market share rose in 2024.YPF accounted for more than 40% of Argentina’s total lube consumption in 2024.The share was down from more than 41.5% the previous year as its total sales fell by more than 15%.The contraction outpaced the 13% fall in Argentina’s total lube consumption of 221,000 cubic meters (196,000 tonnes) in 2024.The slowdown reflected more a drop in YPF’s share of automobile lube sales to little more than 36% of total consumption, down from close to 38.5% of the total in 2023.Shell was Argentina’s second-largest lube supplier in 2024 with a share of more than 27% of the total, up from less than 25.5% the previous year.The rise in its market share was the largest among Argentina’s lube suppliers as it boosted its total share of both automobile and industrial oils.Total Especialidades Argentina saw its share of the country’s lube sales fall to less than 12% of the total in 2024, from more than 13% the previous year. Pan American Energy, which distributes Castrol lubricants, was Argentina’s fourth-largest lube supplier with a market share of more than 9% of the total.The share rose from little more than 7.5% the previous year to the highest in at least five years.The market share rose on the back of a 6% rise in its total lube sales that contrasted with the fall in Argentina’s total consumption.The higher sales helped to lift Pan American Energy’s market share of both automobile and industrial oils..Argentina's December lube demand falls more slowly.Argentina’s Dec base oils supply rises
Argentina’s national oil company YPF was the country’s largest lube supplier in 2024 even as its total sales and market share slipped from the previous year.Five of the next six largest lube suppliers also saw a drop in sales last year as Argentina’s lube consumption slumped.The outlier was Pan American Energy, whose sales and market share rose in 2024.YPF accounted for more than 40% of Argentina’s total lube consumption in 2024.The share was down from more than 41.5% the previous year as its total sales fell by more than 15%.The contraction outpaced the 13% fall in Argentina’s total lube consumption of 221,000 cubic meters (196,000 tonnes) in 2024.The slowdown reflected more a drop in YPF’s share of automobile lube sales to little more than 36% of total consumption, down from close to 38.5% of the total in 2023.Shell was Argentina’s second-largest lube supplier in 2024 with a share of more than 27% of the total, up from less than 25.5% the previous year.The rise in its market share was the largest among Argentina’s lube suppliers as it boosted its total share of both automobile and industrial oils.Total Especialidades Argentina saw its share of the country’s lube sales fall to less than 12% of the total in 2024, from more than 13% the previous year. Pan American Energy, which distributes Castrol lubricants, was Argentina’s fourth-largest lube supplier with a market share of more than 9% of the total.The share rose from little more than 7.5% the previous year to the highest in at least five years.The market share rose on the back of a 6% rise in its total lube sales that contrasted with the fall in Argentina’s total consumption.The higher sales helped to lift Pan American Energy’s market share of both automobile and industrial oils..Argentina's December lube demand falls more slowly.Argentina’s Dec base oils supply rises
