In 2024, Germany remains the leading European country for lubricants transformation output with 2.61 million tonnes of oil equivalent, showing a modest year-on-year growth of 1.23%. The Netherlands exhibited a significant increase of 102.36% compared to the previous year, reaching 1.24 million tonnes. Conversely, Italy saw a decline of 3.25%, with an output of 1.15 million tonnes. Spain, Poland, and Sweden also experienced reductions of 2.57%, 2.53%, and 1.31% respectively. France's output fell significantly by 11.05%, while Finland showed a slight increase of 0.96%. The UK and Greece saw notable declines of 10.05% and 1.05% respectively. Ukraine's output remained almost unchanged, with a negligible decrease of 0.045%. In smaller markets, Lithuania and Serbia showed growth, while Bosnia and Herzegovina, Croatia, and Bulgaria experienced substantial declines.
Future trends to watch for in the European lubricants transformation market include potential shifts towards more environmentally friendly and sustainable lubricants, driven by regulatory changes and industry innovation. This may impact production outputs across various countries differently, depending on their adaptability and investment in cleaner technologies.
Top countries in Lubricants Transformation Output by Country
| # | 10 Countries | Thousand Tonnes Of Oil Equivalent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 2,610 | 2023 | +0.72% | +1.23% | View data |
| 2 | 2 Netherlands | 1,240 | 2023 | +0.48% | +102.36% | View data |
| 3 | 3 Italy | 1,150 | 2023 | -0.47% | -3.25% | View data |
| 4 | 4 Spain | 455.85 | 2023 | +5.81% | -2.57% | View data |
| 5 | 5 Poland | 417.07 | 2023 | -0.75% | -2.53% | View data |
| 6 | 6 Sweden | 365.19 | 2023 | +5.86% | -1.31% | View data |
| 7 | 7 France | 322.73 | 2023 | -17.2% | -11.05% | View data |
| 8 | 8 Finland | 307.73 | 2023 | +5.96% | +0.96% | View data |
| 9 | 9 Greece | 267.11 | 2023 | +1.3% | -1.05% | View data |
| 10 | 10 United Kingdom | 263.55 | 2023 | -6.41% | -10.05% | View data |