European export trends of bio-based, biodegradable lubricants in 2023 revealed that Spain led with a significant increase of 19.5%, reaching 13.688 million kilograms. Belgium also demonstrated growth at 9.61%, totaling 11.058 million kilograms. Conversely, Germany and Italy experienced notable declines at -35.83% and -46.08%, respectively. Meanwhile, the Netherlands saw a substantial uptick of 52.03%. Sweden's export rose by 45.22%, while Estonia and Austria had moderate growths of 19.43% and 9.37%, respectively. The United Kingdom remained stable, whereas smaller markets like Ireland surged by 369.06% from a low base.
Future trends to watch include the increasing emphasis on sustainable practices and regulatory pressures driving demand for eco-friendly lubricants. Technological advancements and innovation in bio-based raw materials could further enhance market growth, especially in leading countries. As global awareness of environmental preservation rises, nations with proactive policies may see accelerated export growth.
Top countries in Export of Lubricants Having a Bio-Based Carbon Content of at Least 25% by Mass and Which Are Biodegradable at a Level of at Least 60% by Country
| # | 10 Countries | Kilograms | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Spain | 13,688,000 | 2023 | +8.48% | +19.5% | View data |
| 2 | 2 Belgium | 11,058,000 | 2023 | +10.47% | +9.61% | View data |
| 3 | 3 Germany | 6,546,500 | 2023 | +0.038% | -35.83% | View data |
| 4 | 4 Italy | 1,152,200 | 2023 | -0.5% | -46.08% | View data |
| 5 | 5 Netherlands | 726,960 | 2023 | +27.71% | +52.03% | View data |
| 6 | 6 United Kingdom | 458,490 | 2023 | -5.44% | View data | |
| 7 | 7 Sweden | 244,080 | 2023 | +31.45% | +45.22% | View data |
| 8 | 8 Estonia | 205,910 | 2023 | +26.61% | +19.43% | View data |
| 9 | 9 Austria | 113,920 | 2023 | +12.35% | +9.37% | View data |
| 10 | 10 Denmark | 30,510 | 2021 | +270.43% | View data |
