The lubricant market size value per capita in Malta has shown a notable decline from 2013 to 2023. In 2013, the value stood at $3.33 and decreased steadily to $2.37 by 2023. Over the past two years, there was a minor recovery with a 2.42% increase in 2022, while 2023 saw a slight drop by 2.05%. The compound annual growth rate (CAGR) over the last five years is negative, indicating consistently decreasing trends in the market.

Future trends to watch include:

Impact of sustainable product innovations on demand.
Changing regulatory landscapes affecting non-petroleum lubricant usage.
Potential market stabilization or growth due to increased adoption of eco-friendly alternatives.