In 2023, Belgium leads European lubricant imports with a notable 5.67% year-on-year growth, reflecting robust demand. The Netherlands follows, albeit with a slight decline of 0.57%. France shows minimal growth, while Germany sees a moderate increase of 1.76%. Italy and the UK exhibit contrasting trends with slight gains and declines respectively. Poland reports a significant 3.56% rise, whereas Sweden's imports surge by 25.89%, marking the highest year-on-year growth. Several smaller countries like Latvia and Hungary also experience notable increases, whereas others like Bulgaria and Greece see reductions in imports.
Future trends to watch include the impact of evolving environmental regulations boosting demand for eco-friendly lubricant alternatives, potential shifts due to geopolitical influences, and technological advancements in lubricant efficiency. Countries demonstrating aggressive growth, like Sweden, may lead in adopting innovative lubricants. Monitoring shifts in industrial activity and transport sectors can offer insights into import volumes.
Top countries in Lubricants Imports by Country
| # | 10 Countries | Thousand Tonnes Of Oil Equivalent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Belgium | 2,210 | 2023 | +14.56% | +5.67% | View data |
| 2 | 2 Netherlands | 2,030 | 2023 | +3.62% | -0.57% | View data |
| 3 | 3 France | 1,260 | 2023 | +6.38% | +0.3% | View data |
| 4 | 4 Germany | 1,080 | 2023 | +5.16% | +1.76% | View data |
| 5 | 5 Italy | 384.18 | 2023 | +6.31% | +0.58% | View data |
| 6 | 6 United Kingdom | 364.5 | 2023 | -0.94% | -1.37% | View data |
| 7 | 7 Poland | 296.49 | 2023 | +2.48% | +3.56% | View data |
| 8 | 8 Ukraine | 262.1 | 2023 | +2.53% | +0.021% | View data |
| 9 | 9 Czech Republic | 199.2 | 2023 | +6.51% | +0.14% | View data |
| 10 | 10 Finland | 151.48 | 2023 | +1.81% | -1.01% | View data |
