The Swedish market for Lubricants used in Textile and Leather applications, composed of less than 70% petroleum oil and valued in Million US Dollars, showed variability from 2013 to 2023. The market experienced significant contractions between 2014 and 2016 but showed moderate recovery by 2018. A stark dip was noted in 2020, with a subsequent recovery trend evident through 2021 and 2022. The latest 2023 data reveals a slight contraction, signaling potential volatility. Over the last five years, the compound annual growth rate (CAGR) was moderately negative at -1.3%.
Future trends to watch for could include:
- Emerging alternative raw materials that might influence product demand.
- Technological advancements in formulations to enhance performance and environmental compliance.
- Regulatory changes impacting production and import/export dynamics within Europe.
- Economic factors influencing purchasing power and operational costs in the textile and leather industries.
How does Sweden rank in Lubricant for Textile and Leather Use (Made of < 70% of Petroleum Oil) Market Size Value?
| # | 14 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 1,005,200,000 | 2023 | +1.03% | +0.95% | View data |
| 2 | 2 India | 125,580,000 | 2023 | +3.54% | +3.29% | View data |
| 3 | 3 Brazil | 119,660,000 | 2023 | +0.074% | +0.56% | View data |
| 4 | 4 Thailand | 27,755,000 | 2023 | +0.24% | -0.34% | View data |
| 5 | 5 Germany | 27,716,000 | 2023 | -0.58% | -0.47% | View data |
| 10 | 10 South Africa | 3,915,600 | 2023 | +0.088% | +0.87% | View data |
| 11 | 11 Austria | 2,060,000 | 2023 | -2.7% | -1.86% | View data |
| 12 | 12 Sweden | 1,805,200 | 2023 | -0.76% | -1.3% | |
| 13 | 13 Norway | 1,491,600 | 2023 | -1.87% | -2.05% | View data |
| 14 | 14 Slovakia | 1,285,200 | 2023 | +0.29% | +1.16% | View data |
