In 2023, Italy's lubricants closing stock stood at approximately 305 thousand metric tons. From 2024 onwards, a declining trend is evident. The projected stock levels decrease annually, reaching 286.19 thousand metric tons by 2028. The year-on-year variations show a consistent drop between 1.34% to 1.58%. Over the forecasted five-year period from 2024 to 2028, this is expected to result in a compound annual growth rate (CAGR) of about -1.03%.
Future trends to watch for include potential shifts in automotive industry demands, stringent environmental regulations affecting lubricant formulations, and advancements in alternative lubrication technologies. These factors could significantly influence future stock levels and industry dynamics in Italy.
