The petroleum-based lubricant market in Malta showed fluctuations over the decade, with a market size of USD 2.8718 million in 2023. Recent years observed a growth trend following the sharp decline in 2020. The last two years saw modest year-on-year growth rates of 15.22% in 2021 and 5.95% in 2022, stabilizing with a 0.64% in 2023. The five-year compound annual growth rate (CAGR) stood at 1.12%.
Future trends to watch include increased demand driven by industrial recovery and environmental regulations influencing the shift towards sustainable alternatives, potentially affecting market dynamics and opportunities.
| # | 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 |
| 41 | 41 Iceland | 14,741,000 | 2023 | +2.81% | +2.62% | View data |
| 42 | 42 Mauritius | 4,188,400 | 2023 | +0.25% | -2.68% | View data |
| 43 | 43 Malta | 2,871,800 | 2023 | +0.64% | +1.12% | |
