Forecast: Lubricants Consumption in International Maritime Bunkers in Italy

In 2023, the lubricants consumption in international maritime bunkers in Italy stood at 28.50 thousand tonnes of oil equivalent. The forecasted data for the years 2024-2028 suggests a steady year-on-year decline: from 27.99 in 2024 to 26.46 in 2028. This indicates a gradual reduction in consumption, reflecting a deceleration trend with a Compound Annual Growth Rate (CAGR) declining over these years.

Future trends to watch for include:

  • Technological advancements in marine engine efficiency which may further reduce lubricant demand.
  • Environmental regulations pushing for greener shipping solutions could impact lubricant compositions and volumes.
  • Market shifts toward alternative fuels may change lubricant needs or reduce dependence on traditional products.

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