The Petroleum Based Lubricant Market in Israel has experienced fluctuations over the past decade. Starting at $100.33 million USD in 2013, the market showed significant year-on-year growth until 2017. Growth slowed slightly in 2018 but picked up again towards 2023, reaching $152.37 million USD. Recent years saw moderate growth rates, with a notable dip in 2020 due to external factors likely related to the global pandemic. The last 5-year CAGR stands at 2.29%, indicating steady, albeit tempered, growth.
Future trends to watch for:
- Transition towards sustainable and bio-based lubricants- Impact of regulatory changes on petroleum-based products- Technological advancements in lubricant formulations- Shifts in the automotive and industrial sectors' lubricant demand.
| # | 43 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 8,304,600,000 | 2023 | -5.15% | -5.77% | View data |
| 2 | 2 Japan | 3,222,400,000 | 2023 | -0.53% | -0.65% | View data |
| 3 | 3 Germany | 2,383,500,000 | 2023 | +0.11% | -1.38% | View data |
| 4 | 4 France | 1,868,800,000 | 2023 | +0.13% | -0.45% | View data |
| 5 | 5 India | 1,796,200,000 | 2023 | +2.95% | +1.81% | View data |
| 27 | 27 Switzerland | 169,030,000 | 2023 | +1.54% | +0.028% | View data |
| 28 | 28 Morocco | 168,860,000 | 2023 | +2.12% | +1.54% | View data |
| 29 | 29 Israel | 152,370,000 | 2023 | +2.09% | +2.29% | |
| 30 | 30 New Zealand | 140,000,000 | 2023 | +2.3% | +3.23% | View data |
| 31 | 31 Slovakia | 134,180,000 | 2023 | -0.27% | -3.12% | View data |
