Forecast: Import of Petroleum Based Lubricanting Oil to France

The projected import of petroleum-based lubricating oil to France demonstrates a steady upward trend from 2024 to 2028, with values rising annually from 47.515 million kilograms in 2024 to 50.12 million kilograms in 2028. In 2023, actual imports stood marginally lower, reflecting positive year-on-year growth rates. Specifically, there is an average yearly increase of approximately 1.33% from 2024 to 2028, indicating a consistent demand increase. This calculated trend is underpinned by the Compound Annual Growth Rate (CAGR) over these years.

Future trends to watch for in this market include:

  • The influence of eco-friendly policies and synthetic alternatives impacting traditional lubricants demand.
  • Technological advancements in automotive and industrial sectors that might alter lubricant requirements.
  • Potential economic fluctuations affecting manufacturing and transportation industries, thus impacting lubricant imports.

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