In 2023, the import of non-petroleum based lubricating oil to the UK stood at approximately 21.2 million kilograms. The forecasted data for the years 2024 to 2028 indicates a gradual decline in imports, with values decreasing from 21.167 million kilograms in 2024 to 20.974 million kilograms by 2028. This represents a minor decrease in volume year-on-year, showing a subtle negative trend overall. Although the annual percentage decline is modest, it reflects a consistent decrease across this period.
Future trends to watch for include:
- Advancements in lubricant technology potentially impacting demand dynamics.
- Shifts in UK trade policies post-Brexit affecting import patterns.
- Increasing focus on sustainability and eco-friendly alternatives possibly reducing non-petroleum lubricant imports.