The market size value per capita for lubricants in France, excluding petroleum oil and applications in textile and leather, decreased gradually from 2013 to 2023. The value was $9.07 in 2023, witnessing a decline from its peak of $11.76 in 2013. Year-on-year change in 2023 reflects a slight decrease of 2.3% from 2022. However, compared to 2020, there is a recovery trend with an 11.2% increase. The five-year compound annual growth rate (CAGR) highlights a decline of approximately 3.5% per year from 2018 to 2023.
Future trends to watch for:
- Shifts in consumer preferences towards more sustainable and environmentally friendly lubricants.
- Technological advancements in lubricant formulations improving efficiency and performance.
- Regulatory changes impacting the production and use of specific lubricant types.