In 2023, the European lubricants export market showed that Netherlands, Germany, and Belgium were the leading exporters, maintaining strong positions despite fluctuations. Notably, Netherlands increased by 7.07%, leading the market with 23.42 Terajoules. Meanwhile, smaller markets like Latvia and Macedonia saw significant growth in their export shares, at 22.93% and 44.43% respectively. Ukraine also increased by 3.17%, indicating recovery. On the other hand, markets such as Bosnia and Herzegovina faced a large decrease of 21.19%, and the United Kingdom saw a decline of 6.83%.
Future trends to watch:
- Sustainable and environmentally-friendly lubricant production might reshape market shares.
- Expanding markets in Eastern Europe could experience continued growth, particularly in Latvia and Macedonia.
- Economic and political changes across Europe could influence market dynamics, including Brexit ramifications for the UK.
Top countries in Lubricants Exports Share by Country (Terajoules)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Netherlands | 23.42 | 2023 | +2.88% | +7.07% | View data |
| 2 | 2 Germany | 17.12 | 2023 | +3.53% | +2.67% | View data |
| 3 | 3 Belgium | 16.52 | 2023 | +8.46% | +1.75% | View data |
| 4 | 4 Italy | 9.67 | 2023 | +0.69% | -1.82% | View data |
| 5 | 5 France | 9.55 | 2023 | -0.0054% | -1.94% | View data |
| 6 | 6 Finland | 4.13 | 2023 | +1.93% | +0.41% | View data |
| 7 | 7 Poland | 4.1 | 2023 | +4.88% | -1.95% | View data |
| 8 | 8 United Kingdom | 3.1 | 2023 | -2.58% | -6.83% | View data |
| 9 | 9 Sweden | 3.01 | 2023 | -8.14% | -3.79% | View data |
| 10 | 10 Greece | 1.77 | 2023 | +0.66% | -2.24% | View data |
