The opening stock of lubricants in France has seen significant fluctuations over the past decade. From a high of 207.0 thousand metric tons in 2013, the stock dropped to a low of 64.99 thousand metric tons in 2021, showing considerable volatility. However, in 2022, a sharp increase by 116% brought the stock back to 140.39 thousand metric tons, followed by a moderate 3.9% increase in 2023 to stand at 145.86 thousand metric tons.
Looking at the forecast, a gradual decline is expected over the next five years, with the stock decreasing to 125.17 thousand metric tons by 2028. This represents a CAGR of -2.44% from 2023 to 2028, highlighting a steady reduction in opening stock.
Future trends to watch for:
- Potential impacts of regulations on lubricant production and inventory strategies.
- Technological advancements in lubricant formulations that could affect inventory needs.
- Market demand shifts due to emerging industries and changes in existing sectors.
