Europe: Market for Petroleum Lubricating Oil And Grease 2025

Market Size for Petroleum Lubricating Oil And Grease in Europe

The Europe market for petroleum lubricating oil and grease reached $X in 2022, picking up by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Production of Petroleum Lubricating Oil And Grease in Europe

In value terms, petroleum lubricating oil and grease production expanded remarkably to $X in 2022 estimated in export price. Overall, production, however, showed a noticeable decline. The pace of growth was the most pronounced in 2020 when the production volume increased by X%. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Exports of Petroleum Lubricating Oil And Grease

Exports in Europe

In 2022, the amount of petroleum lubricating oil and grease exported in Europe fell to X tons, reducing by X% compared with 2021 figures. Over the period under review, exports saw a noticeable setback. The most prominent rate of growth was recorded in 2021 when exports increased by X%. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, petroleum lubricating oil and grease exports dropped to $X in 2022. In general, exports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of X%. As a result, the exports reached the peak of $X, and then reduced slightly in the following year.

Exports by Country

In 2022, Germany (X tons), distantly followed by France (X tons), Belgium (X tons), the Netherlands (X tons), Italy (X tons) and the UK (X tons) represented the main exporters of petroleum lubricating oil and grease, together committing X% of total exports. The following exporters - Spain (X tons) and Lithuania (X tons) - together made up X% of total exports.

From 2012 to 2022, the biggest increases were recorded for Lithuania (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the largest petroleum lubricating oil and grease supplier in Europe, comprising X% of total exports. The second position in the ranking was taken by France ($X), with a X% share of total exports. It was followed by Belgium, with a X% share.

In Germany, petroleum lubricating oil and grease exports increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: France (X% per year) and Belgium (X% per year).

Export Prices by Country

In 2022, the export price in Europe amounted to $X per ton, with an increase of X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The growth pace was the most rapid in 2013 an increase of X%. Over the period under review, the export prices attained the maximum in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Germany ($X per ton), while Lithuania ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Lithuania (X%), while the other leaders experienced more modest paces of growth.

Imports of Petroleum Lubricating Oil And Grease

Imports in Europe

In 2022, the amount of petroleum lubricating oil and grease imported in Europe shrank modestly to X tons, remaining stable against the year before. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Over the period under review, imports reached the maximum at X tons in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, petroleum lubricating oil and grease imports declined to $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when imports increased by X%. As a result, imports attained the peak of $X, and then reduced modestly in the following year.

Imports by Country

The purchases of the twelve major importers of petroleum lubricating oil and grease, namely Germany, Russia, France, the Netherlands, Italy, Poland, Belgium, Austria, the UK, Spain, the Czech Republic and Sweden, represented more than two-thirds of total import. Romania (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for the UK (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest petroleum lubricating oil and grease importing markets in Europe were Germany ($X), Russia ($X) and France ($X), with a combined X% share of total imports. Poland, Italy, Belgium, the Netherlands, the UK, Spain, the Czech Republic, Austria, Sweden and Romania lagged somewhat behind, together accounting for a further X%.

Romania, with a CAGR of X%, recorded the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Europe stood at $X per ton in 2022, approximately equating the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of X%. As a result, import price reached the peak level of $X per ton, and then contracted modestly in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Romania ($X per ton), while Austria ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform