The market size of lubricants for textile and leather use in Colombia, made of less than 70% petroleum oil, has seen a declining trend from 2013 to 2023. The value decreased from $8.74 million in 2013 to $4.20 million in 2023, exhibiting a general downward trend. There was a notable decline in 2016 and 2020, with percentages of 25.34% and 21.01%, respectively. The year-on-year variation over the last two years was -5.3% in 2023. The compound annual growth rate (CAGR) over the last five years is estimated at -4.91%.
Future trends to watch for include potential market recovery driven by increased demand for sustainable and less petroleum-dependent textile and leather products, innovation in lubricant formulations tailored for eco-friendly applications, and potential regulatory changes that might affect production and consumption patterns. Monitoring these factors will give insights into possible market shifts and opportunities.
How does Colombia rank in Lubricant for Textile and Leather Use (Made of < 70% of Petroleum Oil) Market Size Value?
| # | 14 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 1,005,200,000 | 2023 | +1.03% | +0.95% | View data |
| 2 | 2 India | 125,580,000 | 2023 | +3.54% | +3.29% | View data |
| 3 | 3 Brazil | 119,660,000 | 2023 | +0.074% | +0.56% | View data |
| 4 | 4 Thailand | 27,755,000 | 2023 | +0.24% | -0.34% | View data |
| 5 | 5 Germany | 27,716,000 | 2023 | -0.58% | -0.47% | View data |
| 7 | 7 Russia | 18,861,000 | 2023 | -1.46% | -0.57% | View data |
| 8 | 8 France | 15,884,000 | 2023 | -5% | -4.55% | View data |
| 9 | 9 Colombia | 4,199,100 | 2023 | -5.3% | -4.91% | |
| 10 | 10 South Africa | 3,915,600 | 2023 | +0.088% | +0.87% | View data |
| 11 | 11 Austria | 2,060,000 | 2023 | -2.7% | -1.86% | View data |
