The forecast for lubricants imports to France shows a progressive upward trend from 2024 to 2028, starting at 1.3 million tonnes of oil equivalent and reaching 1.45 million tonnes by 2028. In 2023, the import volume was slightly lower, indicative of a growing demand. Year-on-year growth is steady, showing an approximate increase of around 3% annually. Over the five-year period, the cumulative average growth rate (CAGR) suggests a moderate yet consistent expansion in import volume.
Looking forward, important trends include:
- Increasing demand driven by industrial and automotive sectors.
- Potential shifts towards more environmentally sustainable lubricant options.
- Impact of international trade policies on import dynamics.
