Spain Lube Demand Rose in 2023


Spain Lube Demand Rose in 2023
A truck with railer chassis and crane performs work on overhead lines as part of railroad maintenace in Valencia, Spain. © Maksim Safaniuk /

Spain’s lubricant demand rebounded in the second half of 2023 to finish ahead of 2022 levels, the Spain Lubricants Association reported last month.

The country’s lubricant demand reached 341,900 metric tons in 2023, up 3% from 332,000 tons in 2022 and 1% from 339,000 tons in 2021, according to the Madrid-based association.

While the first quarter’s demand of 87,000 tons last year was up slightly at 1% year year-on-year, demand in the second quarter was down 7%, while also at 87,000 tons, the association said in a statistics report in its February newsletter. The association noted that the third quarter stood out, with its 80,000 tons representing an 8% increase compared to 2022’s same period. The fourth quarter’s 88,000 tons showed further growth, a 14% rise.

The statistics indicated that automotive lubricants accounted for 42% of Spain’s lubricant demand last year, followed by 34% for industrial, 8% for marine and aviation lubricants and 14% accounted for by process oils.

The association noted that while marine and aviation lubricants account for a small percentage, the segment showed the most growth in demand last year, with a 16% increase. Industrial lubricants consumption was up 4%, and process oils experienced a 1% increase. Although automotive remained by far the largest demand category, it was unchanged from 2022.

Aselube members represent more than 81% of the lubricant market in Spain.