The import of non-petroleum-based lubricant to France saw a mixed trend over the years from 2013 to 2023. The highest value recorded was in 2013 at 8.3054 million USD, whereas there was a notable dip in 2020 at 6.2919 million USD. By 2023, the import value stood at 7.2875 million USD, showing a slight decline from the previous year.
From 2013 to 2018, the market experienced fluctuations with brief periods of growth and decline. The import value most notably decreased in 2015 (-18.26%). In the following years, it oscillated, with significant contraction during 2020 to 6.2919 million USD, correlated with global market disruptions. The annual growth improved notably in 2021 with a 12.95% increase, but resumed a slight downtrend by 2023 (1.3%).
Looking at the future forecast (2024-2028), there is a slight progressive decline expected, with the value decreasing from 7.1558 million USD in 2024 to 6.7654 million USD by 2028. The import trend suggests a forecasted negative 5-year CAGR of -1.12% and an overall 5.46% contraction over the forecast period.
Future trends to watch for include technological advancements in lubricant alternatives, shifts towards more sustainable products, regulatory changes, and global market dynamics which could influence the import trends in a more stabilized or fluctuating manner.
