The market size value per capita for lubricants, excluding textile and leather use with less than 70% petroleum oil, in Israel shows a steady increase from 2013 to 2023, starting at $4.81 and reaching $7.06, with a notable dip in 2020 at $5.52. The year-on-year variation for 2023 was approximately a 1.88% rise. Over the last 5 years (2018-2023), the compound annual growth rate (CAGR) is around 2.48%, indicating consistent long-term growth despite periodic fluctuations.
Going forward, watch for trends such as the adoption of more environmentally friendly lubricants, which could influence market dynamics. Potential regulatory changes and innovations in synthetic lubricants could alter consumer preferences and market demand.
