The forecast for lubricants' gross inland consumption in Italy, measured in Gigawatt-hours, indicates a consistent decrease from 2024 through 2028. Each year exhibits a decline of approximately 50 units from the previous year. By calculating the annual rate of change, we observe a steady decrease of about 0.87% year-on-year. Looking over a longer term, the compound annual growth rate (CAGR) further emphasizes this downward trend in consumption.
Future trends to watch for include the impact of increased adoption of electric vehicles, which could accelerate the decline in lubricant consumption due to reduced demand for traditional combustion engine lubricants. Additionally, advancements in lubricant efficiency and potential shifts in industrial practices could also influence consumption patterns.
