In 2023, Belgium led European lubricant imports with notable growth, followed by the Netherlands with a slight decline. France and Germany maintained steady minor increases, whereas Italy and the United Kingdom faced minor fluctuations. Eastern European countries like Ukraine and Poland showed stronger upward trends, signaling potential shifts. Smaller markets like Ireland and Denmark experienced slight decreases, whereas Hungary and Slovenia saw substantial growth trajectories.
Future trends to watch include:
- The impact of economic policies on trade volumes, particularly in Eastern Europe.
- The influence of green energy and sustainability practices on lubricant demand.
- Technological advancements in lubricant efficiency and their effect on consumption patterns.
- Geopolitical shifts that could alter trade partnerships and import dependencies.
Top countries in Lubricants Imports Share by Country (Terajoules)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Belgium | 23.46 | 2023 | +14.27% | +5.58% | View data |
| 2 | 2 Netherlands | 21.58 | 2023 | +3.62% | -0.57% | View data |
| 3 | 3 France | 13.39 | 2023 | +6.4% | +0.31% | View data |
| 4 | 4 Germany | 11.49 | 2023 | +5.16% | +1.76% | View data |
| 5 | 5 Italy | 4.15 | 2023 | +6.82% | +0.78% | View data |
| 6 | 6 United Kingdom | 3.88 | 2023 | -0.94% | -1.37% | View data |
| 7 | 7 Ukraine | 3.25 | 2023 | +7.98% | +3.14% | View data |
| 8 | 8 Poland | 3.25 | 2023 | +4.08% | +4.16% | View data |
| 9 | 9 Czech Republic | 2.11 | 2023 | +6.25% | +0.034% | View data |
| 10 | 10 Finland | 1.61 | 2023 | +1.8% | -1.05% | View data |
