The lubricants available for final consumption in Germany are projected to decrease steadily over the period from 2024 to 2028. Starting from 34.68 thousand terajoules in 2024, there is a consistent annual reduction, reaching 31.84 thousand terajoules by 2028. This suggests an average year-on-year decline. When comparing the past two years' trends—assuming a stabilization from 2023 values to 2024 forecasts—it's evident there's a shift towards decreased consumption.
Future trends to watch:
- Efficiency improvements in machinery and engines could further reduce lubricant demand.
- Increased adoption of electric vehicles, which require fewer lubricants, could accelerate this downward trend.
- Regulatory changes aimed at environmental sustainability may impose additional pressures on traditional lubricant markets.
