The European lubricants exports landscape in 2023 was dominated by the Netherlands, Germany, and Belgium, which together accounted for a significant portion of the total exports. Notable positive year-on-year growth was observed in countries like the Netherlands, Lithuania, and Slovenia, while Italy and the United Kingdom experienced declines. Latvia and Slovakia saw remarkable increases in percentages, signaling potentially fast-growing markets. Conversely, Bosnia and Herzegovina witnessed a substantial export decline.
Looking ahead, future trends to watch in the European lubricants market include potential growth opportunities in less established markets showing high percentage increases, such as Latvia and Macedonia. Additionally, keeping an eye on the sustained growth in major markets like the Netherlands will be crucial. Market shifts due to economic conditions, regulatory changes, and environmental sustainability initiatives may also reshape the lubricants export landscape in the coming years. Continued monitoring and analysis will be essential to anticipate market dynamics and opportunities.
Top countries in Lubricants Exports Share by Country (Gigawatthours)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Netherlands | 23.4 | 2023 | +2.88% | +7.07% | View data |
| 2 | 2 Germany | 17.11 | 2023 | +3.53% | +2.67% | View data |
| 3 | 3 Belgium | 16.37 | 2023 | +7.9% | +1.57% | View data |
| 4 | 4 Italy | 9.67 | 2023 | +0.69% | -1.82% | View data |
| 5 | 5 France | 9.55 | 2023 | -0.0054% | -1.94% | View data |
| 6 | 6 Finland | 4.12 | 2023 | +1.78% | +0.34% | View data |
| 7 | 7 Poland | 4.1 | 2023 | +4.45% | -2.06% | View data |
| 8 | 8 Sweden | 3.24 | 2023 | -5.38% | -2.36% | View data |
| 9 | 9 United Kingdom | 3.1 | 2023 | -2.58% | -6.83% | View data |
| 10 | 10 Greece | 1.77 | 2023 | +1.29% | -2% | View data |
