From 2012 to 2022, Switzerland's petroleum-based lubricant market value per capita showed variations, with minor fluctuations around a generally upward trend. The market value per capita rose from 16.79 in 2012 to its peak in 2018 at 19.82, followed by some decline and relative stability with a slight resurgence in 2022 at 18.03. Year-on-year variations for the latest two years indicate moderate changes, with 2021 observing a -2.71% decrease compared to 2020 and a subsequent 5.31% increase in 2022. Over the last 5 years, the Compound Annual Growth Rate (CAGR) stands at approximately 0.93% per year, reflecting gradual growth albeit with some volatility.
For the future, key trends to watch include advancements in lubricant technologies, shifts towards sustainable and biodegradable lubricants, and potential regulatory changes impacting the petroleum-based segment. The influence of automotive and industrial sectors will also be critical in driving market dynamics. Growing emphasis on energy efficiency and advancements in electric vehicles may further shape demand patterns.
| # | 43 Countries | US Dollars Per Capita | Last Year | |||
|---|---|---|---|---|---|---|
| 1 | 1 Denmark | 40.43 | 2023 | View data | ||
| 2 | 2 Iceland | 40.38 | 2023 | View data | ||
| 3 | 3 Sweden | 39.21 | 2023 | View data | ||
| 4 | 4 Norway | 35.62 | 2023 | View data | ||
| 5 | 5 Canada | 32 | 2023 | View data | ||
| 11 | 11 Netherlands | 20.71 | 2023 | View data | ||
| 12 | 12 Poland | 19.97 | 2023 | View data | ||
| 13 | 13 Switzerland | 18.78 | 2023 | |||
| 14 | 14 Italy | 17.71 | 2023 | View data | ||
| 15 | 15 Belgium | 17.39 | 2023 | View data | ||
