The Petroleum-Based Lubricant Market in Kazakhstan has shown significant fluctuations over the past decade. Starting from a value of $116.7 million in 2013, the market experienced varied growth, including some periods of decline, such as in 2015 and 2020. Notably, 2019 marked a peak with a value of $130.93 million before a significant drop in 2020. Recovery followed, with values reaching $130.01 million by 2023. The market demonstrated a 0.86% year-on-year increase from 2022 to 2023 and a steady five-year CAGR of 2.42%.
Looking forward, trends to watch for include:
- Advancements in synthetic lubricants and their market adoption.
- The impact of regulatory changes on petroleum-based products.
- The influence of global oil prices on local market dynamics.
- Technological innovations for extending lubricant life and performance.
| # | 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 |
| 30 | 30 New Zealand | 140,000,000 | 2023 | +2.3% | +3.23% | View data |
| 31 | 31 Slovakia | 134,180,000 | 2023 | -0.27% | -3.12% | View data |
| 32 | 32 Kazakhstan | 130,010,000 | 2023 | +0.86% | +2.42% | |
| 33 | 33 Greece | 86,068,000 | 2023 | +0.3% | +0.51% | View data |
| 34 | 34 Guatemala | 73,614,000 | 2023 | +5.9% | +0.87% | View data |
