The petroleum-based lubricant market size per capita in Bahrain exhibited fluctuations from 2013 to 2023, peaking at $10.34 in 2023. The market rebounded after a decline in 2020, reflecting a 7.4% increase in 2022 and a 1% rise in 2023. The 5-year Compound Annual Growth Rate (CAGR) stands at 1.64%, indicating moderate growth since 2018.
Future trends to watch for:
- Potential impacts of global oil price fluctuations on lubricant costs
- Technological advancements leading to efficient and sustainable lubricant products
- Policy shifts towards eco-friendly practices affecting market demand and regulations
| # | 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 | ||
| 20 | 20 Australia | 13.26 | 2023 | View data | ||
| 21 | 21 Spain | 12.54 | 2023 | View data | ||
| 22 | 22 Bahrain | 10.34 | 2023 | |||
| 23 | 23 Greece | 8.21 | 2023 | View data | ||
| 24 | 24 Malaysia | 8.03 | 2023 | View data | ||
