The Romanian lubricant market (excluding textile and leather use) made of less than 70% petroleum oil showed a modest increase from 2013 to 2023. Despite fluctuations, the market value per capita reached $4.72 in 2023. Over the past two years, growth was notable with a 7.38% increase from 2021 to 2022 and a 1.29% increase from 2022 to 2023. The 5-year compound annual growth rate (CAGR) was 1.56%, reflecting a steady rise in per capita value.
Future market trends to watch include shifts in consumer preferences towards eco-friendly lubricants and potential regulatory changes favoring reduced petroleum content. Economic conditions and technological advancements in synthetic lubricants may also play significant roles in shaping market dynamics.
