From 2012 to 2022, the market size value per capita of petroleum-based lubricants in Indonesia showed fluctuations. The value peaked in 2012 at 2.85 and saw a decline until 2015, followed by a slight recovery by 2017 with 2.92, and then a downward trend in subsequent years, reaching 2.22 in 2020. By 2022, a recovery was evident, with the value rising to 2.64. In 2023, the value further stabilized. The year-on-year growth shows an upward trend over the last two years. The CAGR over the last five years indicates a moderate decline, reflecting persistent volatility but recent signs of recovery.
Future trends to watch for:
- Adoption of synthetic or bio-based lubricants as alternatives to traditional petroleum-based options.
- Technological advancements driving higher efficiency and environmental compliance.
- Impact of government policies on environmental sustainability and industrial expansion in influencing lubricant consumption.
| # | 43 Countries | US Dollars Per Capita | Last Year | |||
|---|---|---|---|---|---|---|
| 1 | 1 Denmark | 40.43 | 2023 | View data | ||
| 2 | 2 Iceland | 40.38 | 2023 | View data | ||
| 3 | 3 Sweden | 39.21 | 2023 | View data | ||
| 4 | 4 Norway | 35.62 | 2023 | View data | ||
| 5 | 5 Canada | 32 | 2023 | View data | ||
| 37 | 37 Mauritius | 3.49 | 2023 | View data | ||
| 38 | 38 Vietnam | 2.99 | 2023 | View data | ||
| 39 | 39 Indonesia | 2.63 | 2023 | |||
| 40 | 40 Bolivia | 2.17 | 2023 | View data | ||
| 41 | 41 Pakistan | 1.85 | 2023 | View data | ||
