Between 2012 and 2022, Australia's petroleum-based lubricant market showed a fluctuating trend in value per capita, starting at 21.02 in 2012 and declining to 14.62 by 2022. Significant year-on-year variations were noted, particularly between 2014 and 2015, and 2015 and 2016, where values dropped sharply. However, from 2016 to 2018, there was a slight recovery followed by another decline until 2022. The average annual decline over the last five years (2018-2022) was notable.
Looking ahead, future trends to observe include advancements in lubricant technology, increasing environmental regulations, and shifts towards sustainable alternatives. These factors may continue to influence the market dynamics and potentially moderate declines in per capita value.
| # | 43 Countries | US Dollars Per Capita | Last Year | |||
|---|---|---|---|---|---|---|
| 1 | 1 Denmark | 40.43 | 2023 | View data | ||
| 2 | 2 Iceland | 40.38 | 2023 | View data | ||
| 3 | 3 Sweden | 39.21 | 2023 | View data | ||
| 4 | 4 Norway | 35.62 | 2023 | View data | ||
| 5 | 5 Canada | 32 | 2023 | View data | ||
| 18 | 18 Croatia | 13.77 | 2023 | View data | ||
| 19 | 19 South Korea | 13.4 | 2023 | View data | ||
| 20 | 20 Australia | 13.26 | 2023 | |||
| 21 | 21 Spain | 12.54 | 2023 | View data | ||
| 22 | 22 Bahrain | 10.34 | 2023 | View data | ||
