The market size value per capita for lubricants in Greece, composed of less than 70% petroleum oil, exhibited fluctuations between 2013 and 2023. In 2023, the value stood at 4.34 USD. Over the last two years, the market saw a slight decline in 2023 compared to 2022. The five-year compound annual growth rate (CAGR) indicated a stable trend with minor variations, showing resilience amid economic fluctuations and external challenges.
Future trends to watch include potential impacts of regulatory changes favoring environmentally-friendly lubricants, technological advancements in lubricant formulations, and shifts in industrial demand that could influence the market landscape significantly.
