The Petroleum Based Lubricant Market in Switzerland experienced various fluctuations over the years from 2012 to 2022. Starting in 2012, the market value stood at $134.3 million with a notable decrease of 4.1% year-on-year. This was followed by moderate to strong growth until 2015. However, in 2016, there was a significant decline of 6.22%. Subsequent years showed recovery, notably with a 12.91% increase in 2017 and a 7.15% rise in 2018. Even with some declines in 2019 and 2020, the market saw an overall upward trajectory with a 5.91% increase by 2022, reaching $157.35 million.
Over the last five years between 2017 and 2022, the market experienced minor fluctuations, resulting in an average annual growth rate (CAGR) close to zero. This indicates relatively stable market conditions despite some modest year-on-year variations.
Future trends to watch for in the Petroleum Based Lubricants Market include the increasing impact of environmental regulations and the shift towards more sustainable and synthetic alternatives. Moreover, technological advancements and the growth of electric vehicles could potentially impact demand for traditional petroleum-based lubricants.
| # | 43 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 8,304,600,000 | 2023 | -5.15% | -5.77% | View data |
| 2 | 2 Japan | 3,222,400,000 | 2023 | -0.53% | -0.65% | View data |
| 3 | 3 Germany | 2,383,500,000 | 2023 | +0.11% | -1.38% | View data |
| 4 | 4 France | 1,868,800,000 | 2023 | +0.13% | -0.45% | View data |
| 5 | 5 India | 1,796,200,000 | 2023 | +2.95% | +1.81% | View data |
| 25 | 25 Norway | 198,340,000 | 2023 | +0.36% | +0.19% | View data |
| 26 | 26 Ukraine | 182,800,000 | 2023 | +3.32% | +5.25% | View data |
| 27 | 27 Switzerland | 169,030,000 | 2023 | +1.54% | +0.028% | |
| 28 | 28 Morocco | 168,860,000 | 2023 | +2.12% | +1.54% | View data |
| 29 | 29 Israel | 152,370,000 | 2023 | +2.09% | +2.29% | View data |
