In 2023, Germany led European lubricant transformation with a slight growth of 1.49%, maintaining its top position. The Netherlands displayed remarkable growth at over 102%, a sharp contrast to Italy which declined by 2.63%. Spain and Poland both experienced minor declines, while Sweden saw a negligible decrease. France and the UK faced significant contractions at over 10%. In contrast, Lithuania and Serbia enjoyed moderate growth. Smaller markets like Belgium remained stable, whereas Bosnia and Croatia showed notable decreases.
Future trends to watch:
- Germany's stable growth maintaining market dominance.
- Netherlands' rapid expansion reshaping regional dynamics.
- Potential recovery in traditional markets like Italy, France, and the UK.
- Growth sustainability and potential in rising players like Lithuania.
Top countries in Lubricants Transformation Output by Country
| # | 10 Countries | Terajoules | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 110,750 | 2023 | +0.98% | +1.49% | View data |
| 2 | 2 Netherlands | 51,900 | 2023 | +0.48% | +102.36% | View data |
| 3 | 3 Italy | 49,490 | 2023 | -0.38% | -2.63% | View data |
| 4 | 4 Spain | 19,510 | 2023 | +6.68% | -2.12% | View data |
| 5 | 5 Poland | 18,020 | 2023 | +0.47% | -1.89% | View data |
| 6 | 6 Sweden | 15,760 | 2023 | +6.27% | -0.71% | View data |
| 7 | 7 France | 12,780 | 2023 | -18.7% | -11.82% | View data |
| 8 | 8 Finland | 12,400 | 2023 | +4.59% | +0.22% | View data |
| 9 | 9 United Kingdom | 11,030 | 2023 | -6.41% | -10.05% | View data |
| 10 | 10 Greece | 10,680 | 2023 | +0.77% | -1.95% | View data |
