The import of non-petroleum based lubricants to the UK is forecasted to decline significantly from 2024 to 2028. In 2023, the imports were higher than forecasted values for subsequent years. The forecast shows a consistent yearly decline, with a noteworthy decrease of 16.8% from 2024 to 2025, while between 2025 to 2026, a 19.8% drop is anticipated. A continuation of this trend is expected through 2028, resulting in a Compound Annual Growth Rate (CAGR) of approximately -25.5% over the five-year period.

Future trends to watch for include:

Shifts in industry preferences toward more sustainable and eco-friendly alternatives.
Potential changes in import regulations and tariffs that could impact pricing and demand.
Technological advancements in lubricant formulation that might reduce dependency on imports.