The petroleum-based lubricant market in Greece experienced a noticeable upward trend in value per capita from 2013 to 2023, rising from $6.82 to $8.21. Year-on-year growth between 2022 and 2023 was approximately 0.99%, while the five-year compound annual growth rate (CAGR) stands at roughly 3.15%. This indicates a steady increase in market demand or pricing over the last five years.
Looking forward, watch for:
- Potential shifts towards environmentally friendly alternatives affecting demand.
- Economic factors influencing consumer spending power and market growth.
- Technological advancements in automotive and industrial sectors impacting lubricant usage.
| # | 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 | ||
| 21 | 21 Spain | 12.54 | 2023 | View data | ||
| 22 | 22 Bahrain | 10.34 | 2023 | View data | ||
| 23 | 23 Greece | 8.21 | 2023 | |||
| 24 | 24 Malaysia | 8.03 | 2023 | View data | ||
| 25 | 25 Argentina | 7.72 | 2023 | View data | ||
