The European lubricants export market in 2023 shows the Netherlands as the leading exporter with significant growth of 6.52% year-on-year, followed by Germany and Belgium. Noteworthy increases include Lithuania and Latvia, with substantial rises of 8.72% and 23.03% respectively. Italy, France, and the UK experience declines, with the UK seeing the largest drop at 6.83%. Eastern European countries like Slovakia and Macedonia witness remarkable growth, indicating emerging export potential. While Finland and Hungary display moderate increases, others like Spain, Estonia, and Denmark face substantial declines in their export figures.
Looking ahead, the European lubricants export market is likely to see further consolidation in key markets such as the Netherlands and Germany. However, the emergence of increased exports from Eastern European countries may alter market dynamics. Continuous monitoring of economic and environmental regulations will be crucial as these could impact production and export capacities, especially in leading export nations. Upcoming technological advancements in sustainable production methods and shifting demand in developing markets may also influence future export shares.
Top countries in Lubricants Exports Share by Country (Thousand Tonnes Of Oil Equivalent)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Netherlands | 23.14 | 2023 | +2.59% | +6.52% | View data |
| 2 | 2 Germany | 17.35 | 2023 | +3.53% | +2.67% | View data |
| 3 | 3 Belgium | 15.82 | 2023 | +6.94% | +1.28% | View data |
| 4 | 4 Italy | 9.96 | 2023 | +0.68% | -1.52% | View data |
| 5 | 5 France | 9.58 | 2023 | -0.62% | -2.14% | View data |
| 6 | 6 Finland | 4.2 | 2023 | +1.96% | +0.43% | View data |
| 7 | 7 Poland | 4.12 | 2023 | +4.18% | -2.35% | View data |
| 8 | 8 Sweden | 3.37 | 2023 | -5.99% | -2.73% | View data |
| 9 | 9 United Kingdom | 3.15 | 2023 | -2.58% | -6.83% | View data |
| 10 | 10 Greece | 1.78 | 2023 | +1.01% | -2.17% | View data |
