In 2023, the value of lubricants available for final consumption in France stood at 7.60 Thousand Gigawatthours. Analyzing the forecasted data from 2024 to 2028 shows a continuous year-on-year decline with values decreasing from 7.25 to 6.01 Thousand Gigawatthours. The year-on-year variations indicate a trend of modest declines each year, with significant drops such as a 4.41% decrease from 2024 to 2025, a 4.47% decrease from 2025 to 2026, a 4.53% decrease from 2026 to 2027, and 4.91% from 2027 to 2028. Over the last two years from 2027 to 2028, this downward trend continues. The Compound Annual Growth Rate (CAGR) from 2024 to 2028 reflects an average annual decline, illustrating a systematic reduction in the use of lubricants over these years.
Future trends to watch for include potential changes in regulatory environments, advances in lubricant technology, and shifts towards more sustainable practices that might alter consumption patterns. Additionally, economic factors and developments in related industries, such as the automotive and manufacturing sectors, could further influence the demand and availability of lubricants in the market.
