UEIL provides annual statistics for the European lubricant industry
As the European association for the sector, it is an important part of UEIL’s mission to develop reliable sector’s statistics to provide data to national and EU policy makers, and support decision makers in the industry.
As the representative body for the sector across Europe, UEIL is truly independent and impartial and can talk with authority about what is occurring within the sector at any moment in time. It can communicate to relevant stakeholders and policymakers on the strategic issues that our industry is facing.
The UEIL Industry Statistics use an advanced estimation procedure developed in cooperation with the Fraunhofer Center for Economics of Materials (CEM). Located in Halle (Saale), Germany, the CEM is a new research unit of the Fraunhofer Institute for Microstructure of Materials and Systems IMWS and the Martin Luther University Halle-Wittenberg. The CEM supports partners from industry and politics with a combination of materials science and economic competences.
The model employs an econometric panel data approach, applying explanatory factors for lubricant sales to explain observable market data. The model is then employed to quantify estimates for countries with limited or near to none market data. It builds primarily on internationally comparable data on factors influencing lubricant sales. These range from car ownership to value added in key manufacturing industries. The model is verified against other data sources and expert feedback to ensure a high level of accuracy.
*** UPDATE ***
The data for 2022 as well as the latest Market Summary Report are available as of November 2022!
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