The market value per capita for lubricants used in textile and leather industries in Mexico, without petroleum oil, shows a declining trend from 2013 to 2023. In 2023, the value stood at $0.37. Between 2022 and 2023, the year-on-year rate remained stable at 0.0%. Over the past five years from 2018 to 2023, the compound annual growth rate (CAGR) was slightly negative, indicating minor contraction over time.

Future trends to watch for:

Increased adoption of sustainable and eco-friendly alternatives may drive innovative products in the lubricant sector.
Potential economic fluctuations or regulatory changes could impact demand and market dynamics.
Technological advancements in textile and leather processing might alter lubricant requirements and consumption patterns.