In 2023, Germany held the largest share of lubricants available for final consumption in Europe, followed by France and Italy. Germany experienced a 1.73% growth, while France and Italy saw declines of 1.43% and 3.72%, respectively. Notably, Poland displayed a significant growth of 7.64%, while Sweden achieved an impressive 17.59% increase. Many countries, including the United Kingdom, Netherlands, and Denmark, saw slight declines or stability. These variations hint at dynamic market fluctuations influenced by both economic conditions and industrial activity levels.
Future trends to watch include continued growth in Poland and Sweden, potentially driven by industrial expansion and increased consumer demand. The high growth rate in Estonia suggests emerging markets are gaining traction. Conversely, sustained declines in countries like Italy and the UK could be a precautionary signal for market players.
Top countries in Lubricants Available for Final Consumption Share by Country (Thousand Tonnes Of Oil Equivalent)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 20.59 | 2023 | +3.95% | +1.73% | View data |
| 2 | 2 France | 14.17 | 2023 | +6.28% | -1.43% | View data |
| 3 | 3 Italy | 9.87 | 2023 | -1.02% | -3.72% | View data |
| 4 | 4 Ukraine | 8.12 | 2023 | +3.39% | +1.87% | View data |
| 5 | 5 Spain | 7.77 | 2023 | +3.68% | -2.32% | View data |
| 6 | 6 Poland | 7.24 | 2023 | -0.0074% | +7.64% | View data |
| 7 | 7 United Kingdom | 6.55 | 2023 | -3.62% | -3.39% | View data |
| 8 | 8 Czech Republic | 3.47 | 2023 | +4.36% | -4.14% | View data |
| 9 | 9 Netherlands | 3.12 | 2023 | +0.033% | -0.13% | View data |
| 10 | 10 Romania | 2.11 | 2023 | -0.032% | +1.94% | View data |