Shell Pakistan was Pakistan’s largest base oils importer in 2024 even as its market share fell.The country’s total base oils imports of more than 270,000 tonnes in 2024 rebounded by 20% from the previous year.The surge in imports increased the country’s importance as a key outlet ahead of the start-up of a wave of new base oils production capacity in Asia and the Middle East over the coming year.The rise in imports contrasted with a slowdown in flows to China and the prospect of a similar trend in India when new base oils production capacity starts up in that market.Shell Pakistan remained the country’s largest base oils importer for at least a fifth straight year in 2024, even as its share of the total slipped to around 33%, provisional customs data showed.The share was down from around 35% the previous year and more than 40% in 2022.Supplies from South Korea and Singapore accounted for more than 90% of its imports in 2024, up from a share of closer to 60% the previous year.Chevron Pakistan Lubricants was the country’s second-largest importer in 2024 even as its share fell to less than 30% of the total. It was still the second-highest share in the last five years.The US accounted for more than 50% of its supplies in 2024, with the rest originating from South Korea.South Korea had accounted for all of its supplies the previous year.Total Parco Pakistan was the country’s third-largest base oils importer in 2024 with a share of more than 16% of the total. The share was down from 2023 but still the second-highest in the last five years.Its supplies originated mostly from Singapore in 2024, with a much smaller share from South Korea.South Korea had accounted for most of its imports the previous year.The three largest base oils importers' combined share of shipments came to more than 75% of the total in 2024.The large share highlighted the significant impact of their procurement plans on supplies from different sources..Pakistan’s Dec base oils supply falls
