The opening stock of lubricants in Austria has experienced fluctuations over the past decade. Between 2013 and 2018, there has been a slight decline in values, with noticeable year-on-year variations. From 2019 onwards, the opening stock values have shown a moderate upward trend, with significant growth particularly in 2021 and 2022. In 2023, the opening stock stood at 20.51 thousand metric tons and is projected to remain stable through 2028. The compound annual growth rate (CAGR) over the last five years leading up to 2023 is 4.3%.
The forecasted data from 2024 to 2028 suggests no change, with an expected zero growth rate and a forecasted five-year CAGR of 0%. Future trends to watch for include potential shifts in market demand, advancements in lubricant technology, and regulatory changes which could impact supply chain dynamics and stock levels.
