The Petroleum Based Lubricant Market in Indonesia has experienced a fluctuating yet overall declining trend from 2012 to 2022. Starting at $707.51 million in 2012, the market saw its lowest point in 2020 at $603.58 million amidst global disruptions. It rebounded to $728.84 million in 2022. Annually, growth has been inconsistent, with notable contractions in 2013 (-0.66%), 2014 (-1.96%), 2015 (-6.66%), 2019 (-10.96%), and 2020 (-13.94%), contrasted by periods of recovery such as 2016 (11.72%), 2017 (7.48%), 2021 (14.59%), and 2022 (5.38%). The five-year CAGR variations also depict an overall negative trend, with recent years showing signs of cautious optimism.
- 2012: -0.65%
- 2013: -0.66%
- 2014: -1.96%
- 2015: -6.66%, CAGR: -2.14%
- 2016: 11.72%, CAGR: 0.18%
- 2017: 7.48%, CAGR: 1.77%
- 2018: 1.97%, CAGR: 2.3%
- 2019: -10.96%, CAGR: 0.35%
- 2020: -13.94%, CAGR: -1.26%
- 2021: 14.59%, CAGR: -0.76%
- 2022: 5.38%, CAGR: -1.15%
Future trends to watch for include shifts towards sustainable and bio-based lubricants, technological advancements improving lubricant efficiency, and regulatory changes impacting market dynamics. Market players should focus on innovation and adapting to environmental standards to capture future growth 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 |
| 8 | 8 United Kingdom | 1,051,600,000 | 2023 | +0.97% | +0.58% | View data |
| 9 | 9 Poland | 731,920,000 | 2023 | +3.41% | +0.12% | View data |
| 10 | 10 Indonesia | 729,640,000 | 2023 | +0.11% | -1.52% | |
| 11 | 11 South Korea | 698,100,000 | 2023 | +1.08% | +0.32% | View data |
| 12 | 12 Spain | 590,420,000 | 2023 | -0.48% | -2.41% | View data |
