The forecast for France's import of non-petroleum-based lubricating oil indicates a gradual decline from 2024 through 2028. This trend shows a decrease from 25.036 million kilograms in 2024 to 24.015 million kilograms in 2028. Compared to the actual imports in 2023, which stood at 25.3 million kilograms, the year-on-year variation reflects a consistent reduction in import volumes by approximately 1% annually.
This translates into a five-year compound annual growth rate (CAGR) of approximately -1.1%, highlighting a steady decline in import levels.
Future trends to watch include shifts towards sustainable alternatives and potential policy changes impacting foreign trade. Innovations in domestic production capacity could also alter future import needs.
