As of 2023, the lubricants refinery output in the UK stood at approximately 271.50 thousand tonnes of oil equivalent. From 2024 to 2028, the forecast data indicates a steady decrease in output. The projected output for 2024 is 254.28, declining further to 188.28 by 2028. Year-on-year variations show decreasing trends: -6.7% in 2025, -7.0% in 2026, -7.4% in 2027, and -7.8% in 2028. The compound annual growth rate (CAGR) for this period is approximately -7.0%, indicating a significant downward trend.

Future trends to watch for include:

The impact of technological advancements in alternative energy sources on lubricant demand.
Regulatory changes in environmental policies driving innovations in lubricant compositions.
Potential shifts in the automobile industry towards electric vehicles further influencing decreased lubricant consumption.