The forecast for the UK lubricant imports shows a gradual decrease from 4.18 thousand gigawatthours in 2024 to 4.02 thousand gigawatthours by 2028. In comparison to 2023, this signifies a cautious decline in volumes. The year-on-year variations express stability with small percentage declines expected each year. The compound annual growth rate (CAGR) over these five years indicates a gentle contraction in the industry, reflecting potentially shifting focus on sustainability and efficiency improvements.

Future trends to watch for:

Increased emphasis on environmentally-friendly alternatives may impact import volumes.
Technological advancements in engine design and improved fuel efficiency could further reduce the demand for traditional lubricants.
Regulatory changes aimed at reducing carbon emissions may alter the landscape of lubricant imports.