The projected import of petroleum-based lubricating oil to Germany indicates a steady increase from 2024 to 2028, starting at 126.22 million kilograms in 2024 and reaching 140.4 million kilograms by 2028. Comparatively, this represents a consistent year-on-year growth, with the compound annual growth rate (CAGR) reflecting a reliable upward trend.
As of 2023, the import volume will serve as the benchmark for observing these trends, but specific data from 2023 is missing. Looking ahead, the industry should watch for:
- Impact of environmental regulations on petroleum lubricant imports.
- Innovations in synthetic and biodegradable alternatives.
- Influence of macroeconomic factors like global oil prices on import volumes.
