Germany dominated the European market in 2023 with a significant lead, achieving a production value of 476.51 million euros. Belgium and France trailed with 176.46 and 106.5 million euros, respectively. The most notable year-on-year changes included Belgium's 9.14% increase and Portugal's 8.09% rise. Conversely, Italy, Poland, and Hungary saw declines of 5.62%, 10.36%, and 27.65%, respectively. Over the past five years, varying annual growth has been observed, highlighting market volatility and regional economic impacts.
Future trends to watch include expected growth in eco-friendly lubricants driven by environmental regulations and technological advances. The continued shift towards sustainable alternatives could result in market expansion, especially in more environmentally conscious countries. Monitoring these trends is crucial for understanding long-term regional market potential.
Top countries in Sold Production of Lubricating Preparations Not Containing Petroleum Oil or Bituminous Mineral Oils, Not Used for Treatment of Textiles, Leather, Hides, Furskins and Other Materials by Country
| # | 10 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 476,510,000 | 2023 | +5.1% | +1.2% | View data |
| 2 | 2 Belgium | 176,460,000 | 2023 | +12.88% | +9.14% | View data |
| 3 | 3 France | 106,500,000 | 2023 | +5.52% | -2.27% | View data |
| 4 | 4 Netherlands | 103,650,000 | 2023 | +0.93% | +2.84% | View data |
| 5 | 5 Italy | 47,716,000 | 2023 | +4.5% | -5.62% | View data |
| 6 | 6 United Kingdom | 36,684,000 | 2023 | -3.28% | -2.77% | View data |
| 7 | 7 Sweden | 14,503,000 | 2023 | +3.3% | +5.09% | View data |
| 8 | 8 Spain | 9,713,400 | 2023 | +0.41% | -1.44% | View data |
| 9 | 9 Poland | 1,756,900 | 2023 | -15.24% | -10.36% | View data |
| 10 | 10 Portugal | 1,146,500 | 2023 | +12.6% | +8.09% | View data |
