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World - Petroleum Lubricating Oil And Grease - Market Analysis, Forecast, Size, Trends and Insights
Report Update: Mar 1, 2025

World - Petroleum Lubricating Oil And Grease - Market Analysis, Forecast, Size, Trends and Insights

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Sep 4, 2024

The World's Top Import Markets for Petroleum Lubricating Oil and Grease

When it comes to the global market for petroleum lubricating oil and grease, certain countries stand out as key players in terms of import value. According to data from the IndexBox market intelligence platform, the following are the world's top 10 import markets for petroleum lubricating oil and grease, based on their import values in 2023:

1. China - $641.3 Million USD

China emerges as the top import market for petroleum lubricating oil and grease, with an import value of $641.3 million USD in 2023. The country's robust manufacturing sector and growing automotive industry are driving the demand for lubricating oil and grease.

2. Germany - $378.5 Million USD

Germany ranks second in terms of import value, with $378.5 million USD in imports of petroleum lubricating oil and grease in 2023. The country's highly industrialized economy and advanced manufacturing sector are key factors contributing to its significant import volume.

3. Canada - $287.8 Million USD

Canada is another major import market for petroleum lubricating oil and grease, with an import value of $287.8 million USD in 2023. The country's diverse economy and extensive transportation infrastructure drive the demand for lubricating oil and grease.

4. Mexico - $202.1 Million USD

Mexico holds the fourth spot in the ranking, with $202.1 million USD in imports of petroleum lubricating oil and grease in 2023. The country's growing automotive industry and expanding industrial sector are key drivers of its import volume.

5. Netherlands - $178.0 Million USD

The Netherlands is a significant import market for petroleum lubricating oil and grease, with an import value of $178.0 million USD in 2023. The country's strategic location as a gateway to Europe and its well-developed logistics infrastructure contribute to its status as a key import destination.

6. Belgium - $165.7 Million USD

Belgium ranks sixth in the list of top import markets for petroleum lubricating oil and grease, with $165.7 million USD in imports in 2023. The country's strong industrial base and access to key European markets make it an important hub for lubricating oil and grease imports.

7. Russia - $159.8 Million USD

Russia is also a notable import market for petroleum lubricating oil and grease, with an import value of $159.8 million USD in 2023. The country's vast energy resources and thriving manufacturing sector drive the demand for lubricating oil and grease imports.

8. Italy - $158.8 Million USD

Italy ranks eighth in the global import market for petroleum lubricating oil and grease, with $158.8 million USD in imports in 2023. The country's strong automotive industry and well-established manufacturing sector contribute to its import volume.

9. France - $156.8 Million USD

France is another key import market for petroleum lubricating oil and grease, with an import value of $156.8 million USD in 2023. The country's advanced manufacturing sector and extensive transportation network drive the demand for lubricating oil and grease imports.

10. United States - $152.0 Million USD

The United States rounds out the top 10 import markets for petroleum lubricating oil and grease, with an import value of $152.0 million USD in 2023. The country's diverse industrial base and widespread use of lubricating oil and grease in various sectors contribute to its significant import volume.

Overall, these top import markets play a crucial role in driving global demand for petroleum lubricating oil and grease. Their strong economies, advanced manufacturing sectors, and growing automotive industries make them key destinations for lubricant imports. As the global market continues to evolve, these countries are likely to remain vital players in the import of lubricating oil and grease.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the global market for petroleum lubricating oil and grease. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

  • Prodcom 20594155 - Lubricating preparations containing as basic constituents < .70% by weight of petroleum oils or of oils obtained from bituminous minerals for textiles, leather, hides, furskins and other materials
  • Prodcom 20594157 - Lubricating preparations obtained from petroleum or bituminous minerals, excluding the ones used for the treatment of textiles, leather, hides, furskins and other materials

Country coverage:

Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:

+ the largest producing countries

Data coverage:

  • Global market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Global production, split by region and country
  • Global trade (exports and imports)
  • Export and import prices
  • Market trends, drivers and restraints
  • Key market players and their profiles

Reasons to buy this report:

  • Take advantage of the latest data
  • Find deeper insights into current market developments
  • Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS

  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO

  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. CONSUMPTION BY COUNTRY
    3. MARKET FORECAST TO 2030

  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT

  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES

  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS

  7. 7. GLOBAL PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
    2. PRODUCTION BY COUNTRY

  8. 8. GLOBAL IMPORTS

    The Largest Importers on The Market and How They Succeed

    1. IMPORTS FROM 2012–2024
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. GLOBAL EXPORTS

    The Largest Exporters on The Market and How They Succeed

    1. EXPORTS FROM 2012–2024
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. 11. COUNTRY PROFILES

    The Largest Markets And Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
    • United States
    • China
    • Japan
    • Germany
    • United Kingdom
    • France
    • Brazil
    • Italy
    • Russian Federation
    • India
    • Canada
    • Australia
    • Republic of Korea
    • Spain
    • Mexico
    • Indonesia
    • Netherlands
    • Turkey
    • Saudi Arabia
    • Switzerland
    • Sweden
    • Nigeria
    • Poland
    • Belgium
    • Argentina
    • Norway
    • Austria
    • Thailand
    • United Arab Emirates
    • Colombia
    • Denmark
    • South Africa
    • Malaysia
    • Israel
    • Singapore
    • Egypt
    • Philippines
    • Finland
    • Chile
    • Ireland
    • Pakistan
    • Greece
    • Portugal
    • Kazakhstan
    • Algeria
    • Czech Republic
    • Qatar
    • Peru
    • Romania
    • Vietnam

  12. LIST OF TABLES

    1. Key Findings In 2024
    2. Market Volume, In Physical Terms, 2012–2024
    3. Market Value, 2012–2024
    4. Per Capita Consumption, By Country, 2018–2024
    5. Production, In Physical Terms, By Country, 2012–2024
    6. Imports, In Physical Terms, By Country, 2012–2024
    7. Imports, In Value Terms, By Country, 2012–2024
    8. Import Prices, By Country Of Destination, 2012–2024
    9. Exports, In Physical Terms, By Country, 2012–2024
    10. Exports, In Value Terms, By Country, 2012–2024
    11. Export Prices, By Country Of Origin, 2012–2024

  13. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2024
    2. Market Value, 2012–2024
    3. Consumption, By Country, 2024
    4. Market Volume Forecast to 2030
    5. Market Value Forecast to 2030
    6. Products: Market Size And Growth, By Type
    7. Products: Average Per Capita Consumption, By Type
    8. Products: Exports And Growth, By Type
    9. Products: Export Prices And Growth, By Type
    10. Production Volume And Growth
    11. Exports And Growth
    12. Export Prices And Growth
    13. Market Size And Growth
    14. Per Capita Consumption
    15. Imports And Growth
    16. Import Prices
    17. Production, In Physical Terms, 2012–2024
    18. Production, In Value Terms, 2012–2024
    19. Production, By Country, 2024
    20. Production, In Physical Terms, By Country, 2012–2024
    21. Imports, In Physical Terms, 2012–2024
    22. Imports, In Value Terms, 2012–2024
    23. Imports, In Physical Terms, By Country, 2024
    24. Imports, In Physical Terms, By Country, 2012–2024
    25. Imports, In Value Terms, By Country, 2012–2024
    26. Import Prices, By Country, 2012–2024
    27. Exports, In Physical Terms, 2012–2024
    28. Exports, In Value Terms, 2012–2024
    29. Exports, In Physical Terms, By Country, 2024
    30. Exports, In Physical Terms, By Country, 2012–2024
    31. Exports, In Value Terms, By Country, 2012–2024
    32. Export Prices, 2012–2024

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