Petroleum-based lubricant market size value per capita in Argentina showed fluctuations between 2012 and 2022, with a general decline in the past decade. The value peaked in 2015 at 9.65 and witnessed a low in 2020 at 6.5, likely due to pandemic impacts. A subsequent recovery was observed in 2021 and 2022, with values at 7.4 and 7.75 respectively. For 2023, this value is projected to be stable or show slight growth as the market stabilizes.
Year-on-year variations for 2022-2023 indicate a modest upward trend. The 5-year CAGR analysis illustrates an average annual decline, showing the overall market contraction.
Future trends to watch:
- Focus on sustainability and the shift to synthetic and bio-based lubricants.
- Impact of economic recovery and industrial growth on market demand.
- Regulatory changes and their influence on market dynamics.
| # | 43 Countries | US Dollars Per Capita | Last Year | |||
|---|---|---|---|---|---|---|
| 1 | 1 Denmark | 40.43 | 2023 | View data | ||
| 2 | 2 Iceland | 40.38 | 2023 | View data | ||
| 3 | 3 Sweden | 39.21 | 2023 | View data | ||
| 4 | 4 Norway | 35.62 | 2023 | View data | ||
| 5 | 5 Canada | 32 | 2023 | View data | ||
| 23 | 23 Greece | 8.21 | 2023 | View data | ||
| 24 | 24 Malaysia | 8.03 | 2023 | View data | ||
| 25 | 25 Argentina | 7.72 | 2023 | |||
| 26 | 26 Thailand | 7.16 | 2023 | View data | ||
| 27 | 27 China | 7.12 | 2023 | View data | ||
