In 2023, the import of lubricating oil additives without petroleum or bitumen oils to China stood at 25.0 million kilograms. The forecasted data indicates a steady growth trajectory, with imports expected to increase to 28.22 million kilograms by 2028. Year-on-year percentage changes reveal consistent single-digit growth, reflecting a compound annual growth rate (CAGR) of approximately 2.3% over the forecast period from 2024 to 2028.

Future trends to watch for:

The impact of regulatory changes in China’s automotive and industrial sectors, which may influence demand for eco-friendly lubricants.
Technological advancements and innovations in lubricant formulations that might alter import dynamics.
Potential shifts in global supply chain strategies, affecting import volumes and domestic production capabilities.