In 2023, the market size value for lubricants used in textiles and leather in South Africa, made of less than 70% of petroleum oil, stood at approximately 3.92 million USD. From 2022 to 2023, the market showed a year-on-year growth of 0.088%, reversing longer-term declines with a 5-year CAGR of 0.87%. This trend indicates a stabilization after fluctuations experienced from 2013 to 2020, where significant volatility and declines characterized the market.
Looking forward, maintaining stability and monitoring market conditions closely will be key. Potential factors include evolving environmental regulations, innovations in synthetic alternatives, and demand shifts within textile and leather industries.
How does South Africa 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 |
| 8 | 8 France | 15,884,000 | 2023 | -5% | -4.55% | View data |
| 9 | 9 Colombia | 4,199,100 | 2023 | -5.3% | -4.91% | View data |
| 10 | 10 South Africa | 3,915,600 | 2023 | +0.088% | +0.87% | |
| 11 | 11 Austria | 2,060,000 | 2023 | -2.7% | -1.86% | View data |
| 12 | 12 Sweden | 1,805,200 | 2023 | -0.76% | -1.3% | View data |
