The forecasted value per capita for lubricants, made of less than 70% petroleum oil in Brazil, indicates a downward trend from $0.69 in 2024 to $0.63 by 2028. This trend suggests a gradual decline over the analyzed period starting from 2024. As 2023 serves as a baseline, the market appears to have been stable or slightly declining prior to this forecast. Between 2024 and 2025, the value decreases by approximately 1.45%, followed by similar annual reductions. The compound annual growth rate (CAGR) from 2024 to 2028 reflects a steady decrease of around 2.25% annually.
Future trends to watch for include potential market impacts from advancements in synthetic lubricants, increased regulatory measures for lower petroleum-based content, and economic factors affecting consumer purchasing power and automotive industry trends in Brazil, all of which could alter these forecasted trajectories significantly.
