In 2023, Germany led the European market for lubricating preparations not containing petroleum oil or bituminous mineral oils, with a solid production value dominance. Germany's market share exhibited modest growth of 1.2% compared to the previous year. Belgium showed significant growth at 9.14%, making it the second-largest producer. France, the Netherlands, and Italy experienced varying production levels, with Italy seeing a notable decline of 5.62%. Emerging markets like Portugal displayed impressive growth at 8.09%, while Poland and Hungary faced significant declines. Variations over the past five years show mixed compound annual growth rates across countries.
Future trends indicate a heightened focus on environmentally friendly and sustainable lubricating solutions, potentially impacting production volumes across Europe. Market players may also benefit from technological advancements and innovations in lubricating formulations. Monitoring changes in national regulations and industry standards influencing product development and market access will be crucial for forecasting and strategic planning.
Top countries in Sold Production of Lubricating Preparations Not Containing Petroleum Oil or Bituminous Mineral Oils, Not Used for Treatment of Textiles, Leather, Hides, Furskins and Other Materials Share by Country (Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 47.41 | 2023 | +5.1% | +1.2% | View data |
| 2 | 2 Belgium | 17.56 | 2023 | +12.88% | +9.14% | View data |
| 3 | 3 France | 10.6 | 2023 | +5.52% | -2.27% | View data |
| 4 | 4 Netherlands | 10.31 | 2023 | +0.93% | +2.84% | View data |
| 5 | 5 Italy | 4.75 | 2023 | +4.5% | -5.62% | View data |
| 6 | 6 United Kingdom | 3.65 | 2023 | -3.28% | -2.77% | View data |
| 7 | 7 Sweden | 1.44 | 2023 | +3.3% | +5.09% | View data |
| 8 | 8 Spain | 0.97 | 2023 | +0.41% | -1.44% | View data |
| 9 | 9 Poland | 0.17 | 2023 | -15.24% | -10.36% | View data |
| 10 | 10 Portugal | 0.11 | 2023 | +12.6% | +8.09% | View data |
