The Petroleum Based Lubricant Market in Greece stood at 86.068 million USD in 2023. Despite some fluctuations over the past decade, the market has shown resilience. A significant dip in 2016 was followed by recovery and consistent growth, peaking with a year-on-year increase of 14.65% in 2018. From 2019 to 2023, the market displayed a steady rise with minor fluctuations. The compound annual growth rate (CAGR) over the last five years stands at 0.51%, indicating moderate yet stable growth in recent times.
Looking ahead, watch for:
- Potential impact of environmental regulations on petroleum-based products
- Shifts toward bio-based alternatives
- Technological advancements improving lubricant efficiency
- Economic factors influencing industrial demand
| # | 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 |
| 31 | 31 Slovakia | 134,180,000 | 2023 | -0.27% | -3.12% | View data |
| 32 | 32 Kazakhstan | 130,010,000 | 2023 | +0.86% | +2.42% | View data |
| 33 | 33 Greece | 86,068,000 | 2023 | +0.3% | +0.51% | |
| 34 | 34 Guatemala | 73,614,000 | 2023 | +5.9% | +0.87% | View data |
| 35 | 35 Croatia | 53,431,000 | 2023 | +1.56% | +3.39% | View data |
