The Petroleum Based Lubricant Market in Malaysia has exhibited fluctuating trends over the years 2012 to 2022, with values showing growth interspersed with declines. Starting from 208.42 million USD in 2012, the market experienced significant growth up till 2013 with a year-on-year increase of 9.92% but began to decline in 2014 and 2015 by -6.81% and -7.31% respectively. The market saw recovery in the following years with varying positive and negative growth rates, achieving a value of 258.05 million USD in 2022. Year-on-year growth for 2021 and 2022 stood at 16.05% and 6.68%, while the Compound Annual Growth Rate (CAGR) over the last five years was 3.02%.
Future trends to watch for include potential market shifts influenced by advancements in alternative lubricant technologies, environmental regulations, and economic changes which could impact the demand for petroleum-based lubricants. Observing global oil price trends and advancements in engine technologies will also be critical for forecasting market movements.
| # | 43 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 8,304,600,000 | 2023 | -5.15% | -5.77% | View data |
| 2 | 2 Japan | 3,222,400,000 | 2023 | -0.53% | -0.65% | View data |
| 3 | 3 Germany | 2,383,500,000 | 2023 | +0.11% | -1.38% | View data |
| 4 | 4 France | 1,868,800,000 | 2023 | +0.13% | -0.45% | View data |
| 5 | 5 India | 1,796,200,000 | 2023 | +2.95% | +1.81% | View data |
| 20 | 20 South Africa | 279,170,000 | 2023 | +0.26% | -0.15% | View data |
| 21 | 21 Colombia | 264,420,000 | 2023 | +1.62% | +1.87% | View data |
| 22 | 22 Malaysia | 261,410,000 | 2023 | +1.3% | +1.76% | |
| 23 | 23 Denmark | 247,580,000 | 2023 | +2.01% | +0.95% | View data |
| 24 | 24 Belgium | 201,850,000 | 2023 | -0.74% | -2.18% | View data |
