The global landscape for the export of lubricating oil additives with petroleum or bitumen oil presents a diverse picture as of 2023. France leads the market share, closely followed by the US and Singapore. Remarkable growth has been noted in the exports from China, Belarus, and Poland, showcasing double-digit percentage increases. Conversely, countries like the United Kingdom, Portugal, New Zealand, and Bosnia and Herzegovina have experienced declines. Unique spikes are seen in Chile's exports, marked by a substantial surge. Over the past five years, the cumulative average growth rate (CAGR) for some countries highlights varying degrees of market dynamism.
Future trends to watch in this sector include technological advancements in lubricating additives, shifts in global supply chain logistics, and the increasing influence of environmental regulations promoting eco-friendly alternatives. Additionally, the global push towards electrification and alternative Fuels might modulate demand dynamics for petroleum-based lubricating additives.
Top countries in Export of Lubricating Oil Additives with Petroleum or Bitumen Oil Share by Country (US Dollars)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 France | 26.53 | 2023 | +1.52% | +1.44% | View data |
| 2 | 2 United States | 23.82 | 2023 | +0.92% | +0.68% | View data |
| 3 | 3 Singapore | 23.51 | 2023 | +2.59% | +3.02% | View data |
| 4 | 4 Italy | 12.43 | 2023 | +2.06% | +2.43% | View data |
| 5 | 5 Germany | 3.31 | 2023 | +2.08% | +1.75% | View data |
| 6 | 6 China | 2.95 | 2023 | +5.26% | +6.06% | View data |
| 7 | 7 Japan | 1.65 | 2023 | +2.77% | +3.2% | View data |
| 8 | 8 Netherlands | 1.63 | 2023 | +0.56% | -0.089% | View data |
| 9 | 9 Canada | 1.53 | 2023 | +1.19% | -0.02% | View data |
| 10 | 10 Belarus | 0.96 | 2023 | +5.08% | +5.11% | View data |
