In 2023, France led the global export of lubricating oil additives, followed by the United States and Singapore. Notable growth was observed in markets like China, Brazil, and Chile, evidencing their growing role in this sector. Conversely, the United Kingdom, Ukraine, and Malaysia faced downturns. Amidst varied regional performances, consistent market leaders such as France and the United States showed moderate growth.
Looking forward, emerging markets like China and Brazil are expected to drive growth, while Europe and North America could face increased competition. Key future trends include technological advancements in formulations and potential shifts due to environmental regulations.
Top countries in Export of Lubricating Oil Additives with Petroleum or Bitumen Oil by Country
| # | 10 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 France | 2,363,800,000 | 2023 | +1.52% | +1.44% | View data |
| 2 | 2 United States | 2,122,000,000 | 2023 | +0.92% | +0.68% | View data |
| 3 | 3 Singapore | 2,094,300,000 | 2023 | +2.59% | +3.02% | View data |
| 4 | 4 Italy | 1,107,000,000 | 2023 | +2.06% | +2.43% | View data |
| 5 | 5 Germany | 294,670,000 | 2023 | +2.08% | +1.75% | View data |
| 6 | 6 China | 262,700,000 | 2023 | +5.26% | +6.06% | View data |
| 7 | 7 Japan | 146,560,000 | 2023 | +2.77% | +3.2% | View data |
| 8 | 8 Netherlands | 145,100,000 | 2023 | +0.56% | -0.089% | View data |
| 9 | 9 Canada | 136,320,000 | 2023 | +1.19% | -0.02% | View data |
| 10 | 10 Belarus | 85,706,000 | 2023 | +5.08% | +5.11% | View data |
