The import of petroleum-based lubricants for textiles, leather, and furskins to France is projected to see a significant downturn from 2024 to 2028. Starting at 459.71 thousand USD in 2024, the import value is expected to decline annually, reaching 139.9 thousand USD by 2028. The actual import value in 2023 was not provided, affecting a deeper variance analysis for that year. However, the year-on-year decrease from 2024 to 2028 suggests considerable negative growth, with a compounding annual growth rate (CAGR) showing an average decline over this five-year period.
Future trends to watch include changes in global oil prices, which directly affect petroleum products, and evolving environmental regulations in the EU that might influence the demand for petroleum-based products. Additionally, advances in synthetic alternatives may also impact the need for these imports, urging a shift in consumption patterns.
