The forecasted data for lubricants available for final consumption in Italy from 2024 to 2028 shows a gradual decline from 20.77 Thousand Terajoules in 2024 to 20.6 Thousand Terajoules in 2028. Compared to the actual value of 20.80 Thousand Terajoules in 2023, there is a slight but consistent decrease in consumption. The year-on-year variation is minimal, with a reduction rate ranging between 0.19% and 0.24% annually. The Compound Annual Growth Rate (CAGR) over the five-year period from 2024 to 2028 suggests an average annual decrease of around 0.2%.
Future trends to watch for include advancements in lubricant technology, increased emphasis on sustainability and eco-friendly products, and potential shifts in regulatory policies that could impact consumption patterns. Additionally, industry shifts such as the rise of electric vehicles could also influence the demand for traditional lubricants.