The petroleum-based lubricant market in Morocco showed considerable fluctuations over the past decade. Starting from $118.33 million in 2013, the market grew to $168.86 million in 2023. Year-on-year variation and CAGR analysis highlight periods of significant growth and decline. Notably, there was a substantial drop of 14.89% in 2020, followed by recovery in 2021 with a 17.1% increase. The last two years displayed moderate growth, with a 7.59% increase in 2022 and a 2.12% increase in 2023. The five-year CAGR stabilized to 1.54%.
Future trends to watch for:
- Emerging environmental regulations impacting petroleum-based products.
- Emergence of synthetic and bio-based lubricants.
- Advances in vehicle technology and lubrication requirements.
- Economic factors influencing industrial demand for lubricants.
| # | 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 |
| 26 | 26 Ukraine | 182,800,000 | 2023 | +3.32% | +5.25% | View data |
| 27 | 27 Switzerland | 169,030,000 | 2023 | +1.54% | +0.028% | View data |
| 28 | 28 Morocco | 168,860,000 | 2023 | +2.12% | +1.54% | |
| 29 | 29 Israel | 152,370,000 | 2023 | +2.09% | +2.29% | View data |
| 30 | 30 New Zealand | 140,000,000 | 2023 | +2.3% | +3.23% | View data |
