The import of petroleum-based lubricating oil to Switzerland stood at 46.812 million USD in 2023. Forecasts for the coming years indicate a steady increase, with values rising from 47.947 million USD in 2024 to 52.209 million USD by 2028.
The anticipated year-on-year variations are as follows:
- 2024: 2.4%
- 2025: 2.3%
- 2026: 2.2%
- 2027: 2.1%
- 2028: 2.0%
Over the last two years, the increase from 2023 to 2024 is estimated at 2.4%. The Compound Annual Growth Rate (CAGR) over the forecast period from 2024 to 2028 is projected to be approximately 2.2% annually.
Future trends to watch for include potential fluctuations in global oil prices, changes in environmental regulations that may impact the demand for lubricating oils, and advances in synthetic lubricants that could alter market dynamics.
