The United States leads the global market in the export of non-petroleum based lubricating oil, capturing a significant share, followed closely by Germany. Japan, Belgium, and the Netherlands round out the top five, indicating a strong European presence in this sector. Among the notable year-on-year growth rates, Poland and Malaysia exhibit strong positive trends, whereas Finland and several smaller markets show declines. The U.S. and Asian countries demonstrate stability with modest to moderate increases in export value.
Looking ahead, an increasing shift toward sustainable products may influence the market. Monitoring technological advancements in manufacturing and the impact of regulations on environmental practices will be crucial in understanding future growth trajectories. Emerging markets may experience an upward trend, potentially altering the current export landscape.
Top countries in Export of Non-Petroleum Based Lubricanting Oil Share by Country (US Dollars)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United States | 23.31 | 2023 | +2.52% | +2.55% | View data |
| 2 | 2 Germany | 20.94 | 2023 | +2.98% | +2.92% | View data |
| 3 | 3 Japan | 10.28 | 2023 | +1.36% | +0.57% | View data |
| 4 | 4 Belgium | 9.7 | 2023 | +2.18% | +1.99% | View data |
| 5 | 5 Netherlands | 6.54 | 2023 | +2.55% | +2.37% | View data |
| 6 | 6 France | 5.34 | 2023 | -0.31% | -0.5% | View data |
| 7 | 7 Singapore | 3.61 | 2023 | +4.15% | +3.61% | View data |
| 8 | 8 China | 2.71 | 2023 | +3.12% | +2.99% | View data |
| 9 | 9 Spain | 2.32 | 2023 | +2.18% | +2.2% | View data |
| 10 | 10 Italy | 1.93 | 2023 | +2.22% | +2.05% | View data |
