Forecast: Lubricants Energy Supply in Germany

The forecast for Germany’s lubricant energy supply from 2024 to 2028 shows a declining trend, with the supply forecasted to decrease from -482,680 to -659,000 tonnes of oil equivalent. This represents a significant downward trajectory in the supply of lubricants. From the projected year 2023, where data is not available but would serve as a baseline for comparison, we can deduce the sharp drop annually.

Year-over-year, the reductions in supply values highlight a consistent decline in the lubricant market, suggesting a year-on-year variation that reflects increasing challenges or shifts in production or demand. The compounded annual growth rate confirms a sustained decrease over five years.

Future Trends to Watch:

• Technology advancements in lubricants may affect supply needs and efficiency.
• Regulatory changes could impose new standards impacting supply.
• Greater focus on sustainable and renewable energy sources might diminish traditional lubricant demand.