The petroleum-based lubricant market in Tunisia showed a growth trajectory from 2013 to 2023, with the per capita value increasing from $2.23 in 2013 to $3.7 in 2023. After a slight dip in 2020, the market rebounded with values rising to $3.62 in 2022 and $3.7 in 2023. The significant year-on-year variation includes a decrease from 2019 to 2020 by approximately 14.8% and an increase from 2022 to 2023 by about 2.2%. The five-year compound annual growth rate (CAGR) from 2018 to 2023 was approximately 2.4%.
Future trends to watch for include:
- Potential impact of increasing environmental regulations on petroleum-based products.
- The influence of economic factors on consumer spending and industrial activities.
- Technological advancements leading to alternative lubricants affecting market demand.