The forecast for the import of non-petroleum based lubricating oil to France indicates a steady increase from 2024 to 2028, starting at 142.79 million USD and gradually rising to 148.4 million USD. This represents modest year-on-year percentage increases, reflecting a consistent growth pattern. In 2023, the imports were 141.5 million USD, denoting a continuous uptick predicted in subsequent years. Calculated as a compound annual growth rate (CAGR), the average increase over the five-year period is expected to be around 1% annually.
Future trends to watch include potential shifts in global trade policies, technological advancements in lubricant manufacturing, and the increasing emphasis on sustainable and environmentally friendly alternatives, which might influence the demand dynamics in France.
