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.