The market size for lubricants (excluding those for textile and leather use and without petroleum oil) in Argentina was valued at 171.79 million USD in 2023. From 2013 to 2023, there was a fluctuation with both highs and lows. A notable drop occurred in 2020 with a 17.3% decrease. Meanwhile, slight recovery was noted in 2021 and 2022, but 2023 showed a minor decline of 0.35%. The compound annual growth rate (CAGR) from 2018 to 2023 was -0.099%, indicating a generally stable but slightly decreasing trend over the past five years.

Future trends to watch for in this market include:

Continued focus on sustainable and environmentally friendly lubricants, driven by regulatory pressures and consumer demand.
Technological advancements that could lead to more efficient products and potential new applications.
Market impacts from domestic economic policies and global supply chain dynamics, particularly in the context of post-pandemic recovery.