The Petroleum Based Lubricant Market Size in Mauritius has experienced fluctuations over the past decade, varying around the 4 million USD mark. In 2023, the market stood at 4.1884 million USD, with a minimal year-on-year increase of 0.25%. Though there were significant growths in some years, notably 2016 and 2018, recent trends indicate modest increases and declines, resulting in a lackluster CAGR of -2.68% in the last five years.
Future trends to watch for:
- Shifts towards more sustainable and eco-friendly lubricants.
- Technological advancements improving lubricant efficiency and longevity.
- Potential market growth driven by industrial expansion and economic upturns.
- Impact of regulatory policies on the import and manufacturing of petroleum-based products.
| # | 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 |
| 40 | 40 Bahrain | 16,957,000 | 2023 | +2.08% | +1.97% | View data |
| 41 | 41 Iceland | 14,741,000 | 2023 | +2.81% | +2.62% | View data |
| 42 | 42 Mauritius | 4,188,400 | 2023 | +0.25% | -2.68% | |
| 43 | 43 Malta | 2,871,800 | 2023 | +0.64% | +1.12% | View data |
