Forecast: Import of Lubricating Oil Additives with Petroleum or Bitumen Oil to Germany

In 2023, the import volume of lubricating oil additives with petroleum or bitumen oil to Germany stood at 182.67 million kilograms. For the 2024-2028 period, the forecast shows a steady increase in import volume, with a compound annual growth rate (CAGR) averaging approximately 1.65% per year. A year-on-year analysis demonstrates a slight uplift, highlighting an upward trend in Germany's dependency on these additives, driven by automotive and industrial demand.

Future trends to watch for:

  • Technological advancements in lubricants and their compositions that might influence import needs.
  • Changes in environmental regulations impacting the demand for specific types of oil additives.
  • Potential shifts in global oil prices, affecting the cost-benefit analysis of imports.

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