As of 2023, Germany's import of petroleum-based lubricating oil was valued at approximately 460 million USD. Forecasts suggest a steady annual increase, starting from 474.33 million USD in 2024 to 529.22 million USD by 2028. The year-on-year growth rates indicate consistent rises, with no significant fluctuations, suggesting a stable demand trajectory. Over the five-year period, this reflects a compound annual growth rate (CAGR) of around 2-3%, showing a modest but steady expansion.
Future trends to watch include global oil price volatility, which could impact import costs, advancements in synthetic alternatives lessening petroleum-based reliance, and policy shifts toward renewable energies affecting overall demand. Economic growth and manufacturing activities in Germany will also play crucial roles in shaping these import trends.
