Forecast: Import of Non-Petroleum Based Lubricant to Brazil

In 2024, the forecasted import of non-petroleum-based lubricants to Brazil is predicted to start at 7.1526 million kilograms and gradually decline each year, reaching 6.901 million kilograms by 2028. From 2024 to 2025, the volume is expected to decrease by approximately 0.9%, from 2025 to 2026 by around 0.9%, from 2026 to 2027 by roughly 0.9% again, and finally, from 2027 to 2028, the reduction is about 0.9%. The compounded annual growth rate (CAGR) across these years indicates a consistent downward trend.

Trends to watch for in the future include:

  • The impact of environmental regulations on the lubricant industry.
  • Technological advancements in lubricant formulation increasing product efficiency.
  • Potential shifts in market demand driven by changes in Brazil's industrial and automotive sectors.
  • Global economic conditions potentially affecting import strategies and costs.

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