The petroleum-based lubricant market in Kazakhstan saw fluctuations from 2013 to 2023, with the per capita value reaching $6.84 in 2023. After a low of $5.65 in 2020, the market rebounded with steady growth, peaking in 2023. Year-on-year, the market grew by 0.15% between 2022 and 2023. The compound annual growth rate (CAGR) over the last five years was around 3.1%, indicating a recovery trajectory following dips in previous years.
Looking forward:
- Sustainability and environmental regulations could impact the petroleum-based lubricant market.
- Innovations in synthetic substitutes may pose competitive threats.
- Global economic conditions and oil price volatility will likely influence market dynamics.
| # | 43 Countries | US Dollars Per Capita | Last Year | |||
|---|---|---|---|---|---|---|
| 1 | 1 Denmark | 40.43 | 2023 | View data | ||
| 2 | 2 Iceland | 40.38 | 2023 | View data | ||
| 3 | 3 Sweden | 39.21 | 2023 | View data | ||
| 4 | 4 Norway | 35.62 | 2023 | View data | ||
| 5 | 5 Canada | 32 | 2023 | View data | ||
| 26 | 26 Thailand | 7.16 | 2023 | View data | ||
| 27 | 27 China | 7.12 | 2023 | View data | ||
| 28 | 28 Kazakhstan | 6.84 | 2023 | |||
| 29 | 29 Malta | 5.46 | 2023 | View data | ||
| 30 | 30 Colombia | 5.17 | 2023 | View data | ||
