In 2023, Germany's lubricant imports stood at approximately 12.60 thousand Gigawatthours. The forecast from 2024 to 2028 suggests a steady increase, rising from 12.81 to 13.82 thousand Gigawatthours. From 2024 onwards, the yearly growth rates are 1.95% for 2025, 1.99% for 2026, 1.88% for 2027, and 1.84% for 2028. The cumulative average growth rate (CAGR) over this five-year projection indicates a steady annual increase of approximately 1.88%.
Future trends to watch for include technological advancements in lubricant efficiency and a potential increase in demand due to the rise of electric vehicles, which could alter the type and volume of imports. Additionally, any shifts in regulatory policies on environmental standards could impact import dynamics.
