In 2023, Germany led the European lubricants transformation output, showing a modest 1.56% increase, while the Netherlands experienced an extraordinary surge of 102.36%. Conversely, Italy, Spain, and Poland faced downturns of approximately 2-3%. France and the United Kingdom showed significant declines with negative variations of 11.82% and 10.05% respectively. Meanwhile, Lithuania and Finland noted positive gains of 7.92% and 1.21% respectively. The rest of the countries primarily faced minor decreases, reflecting a challenging landscape for the majority of the region.
Future trends to watch include:
- Continued monitoring of rapid growth in the Netherlands, analyzing sustainability and potential impacts.
- Germany maintaining its leadership, with potential developments in technology and production enhancements.
- Addressing declines in major economies like France and the UK, focusing on strategies for stabilization and recovery.
- Exploring opportunities in emerging markets across Central and Eastern Europe for potential upscaling and strategic investments.
Top countries in Lubricants Transformation Output by Country
| # | 10 Countries | Gigawatthours | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 30,880 | 2023 | +1.13% | +1.56% | View data |
| 2 | 2 Netherlands | 14,420 | 2023 | +0.48% | +102.36% | View data |
| 3 | 3 Italy | 13,750 | 2023 | -0.38% | -2.63% | View data |
| 4 | 4 Spain | 5,340 | 2023 | +6.07% | -2.42% | View data |
| 5 | 5 Poland | 4,820 | 2023 | -0.98% | -2.64% | View data |
| 6 | 6 Sweden | 4,380 | 2023 | +6.48% | -0.47% | View data |
| 7 | 7 Finland | 3,620 | 2023 | +6.65% | +1.21% | View data |
| 8 | 8 France | 3,550 | 2023 | -18.7% | -11.82% | View data |
| 9 | 9 United Kingdom | 3,070 | 2023 | -6.41% | -10.05% | View data |
| 10 | 10 Greece | 2,960 | 2023 | +0.76% | -2.01% | View data |
