The Swedish petroleum-based lubricant market showed fluctuating growth between 2013 and 2023. Starting with a slight increase in 2014, there were significant drops in 2015 and 2020. However, recovery periods in 2016 and from 2021 to 2023 have brought stability. The value stood at $407.34 million in 2023, reflecting a modest increase of 0.71% from 2022. The Compound Annual Growth Rate (CAGR) over the last five years is 0.5%, indicating gradual growth despite some years of decline.
Future trends to watch for include:- Transition towards sustainable alternatives.- Increasing regulatory pressures.- Innovations in high-performance lubricants.- Continued impact of global oil price volatility.
| # | 43 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 8,304,600,000 | 2023 | -5.15% | -5.77% | View data |
| 2 | 2 Japan | 3,222,400,000 | 2023 | -0.53% | -0.65% | View data |
| 3 | 3 Germany | 2,383,500,000 | 2023 | +0.11% | -1.38% | View data |
| 4 | 4 France | 1,868,800,000 | 2023 | +0.13% | -0.45% | View data |
| 5 | 5 India | 1,796,200,000 | 2023 | +2.95% | +1.81% | View data |
| 12 | 12 Spain | 590,420,000 | 2023 | -0.48% | -2.41% | View data |
| 13 | 13 Thailand | 525,140,000 | 2023 | +2.61% | +0.98% | View data |
| 14 | 14 Sweden | 407,340,000 | 2023 | +0.71% | +0.5% | |
| 15 | 15 Pakistan | 404,000,000 | 2023 | +2.47% | +2.54% | View data |
| 16 | 16 Australia | 359,760,000 | 2023 | -2.8% | -3.64% | View data |
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