In 2023, Brazil imported lubricating preparations and those used in oil or grease treatment of textiles at a value of 123 million USD. Based on the forecast for the upcoming years, the import value is expected to grow steadily, reaching 133.34 million USD by 2028. This demonstrates a consistent year-on-year growth of approximately 1.6%. Over the five-year forecast period, a compound annual growth rate (CAGR) of around 1.6% is also evident, indicating a stable upward trend.
Future trends to watch for include technological advancements in lubricant formulations, which can impact import volumes, and regulatory changes in the textile industry that may influence demand. Additionally, fluctuations in the Brazilian real could affect importing costs and strategies, while sustainability and eco-friendly products are likely to gain traction, potentially altering market dynamics.
