Germany leads in European lubricants opening stock with 369.0 Thousand Metric Tons in 2024, despite a slight year-on-year decline of -0.43%. Belgium and the Netherlands follow, both with small year-on-year variations of -1.65% and 0.38% respectively. Italy and France show significant contrasts, with Italy experiencing a -9.66% drop and France a 7.63% increase. Ukraine's stock increased by 11.47%, reflecting a significant uptick. The United Kingdom, Spain, and other smaller markets such as Cyprus and Luxembourg display varying degrees of reductions, indicating shifts in market dynamics.
Future trends to watch in the European lubricants market include further shifts due to economic conditions and sustainability efforts. Renewable lubricants, increasing regulation, and evolving automotive technologies will drive changes in stock and demand patterns across different countries. Monitoring these factors will be key for staying updated on the market's trajectory.
Top countries in Lubricants Opening Stock by Country
| # | 10 Countries | Thousand Metric Tons | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 369 | 2023 | 0% | -0.43% | View data |
| 2 | 2 Belgium | 236.6 | 2023 | -0.5% | -1.65% | View data |
| 3 | 3 Netherlands | 190.41 | 2023 | +5.94% | +0.38% | View data |
| 4 | 4 Italy | 169.06 | 2023 | -4.75% | -9.66% | View data |
| 5 | 5 France | 145.86 | 2023 | +3.9% | +7.63% | View data |
| 6 | 6 Ukraine | 74 | 2023 | +5.71% | +11.47% | View data |
| 7 | 7 United Kingdom | 60.48 | 2023 | -7.83% | -6.99% | View data |
| 8 | 8 Spain | 41 | 2023 | +5.13% | -6.7% | View data |
| 9 | 9 Greece | 30.49 | 2023 | +6.4% | +6.78% | View data |
| 10 | 10 Portugal | 30.28 | 2023 | +2.08% | +0.44% | View data |
