In 2023, the import of petroleum-based lubricating oil to the US was valued at an estimated 138 million US dollars. From 2024 to 2028, forecast data shows a steady increase in import value, reaching 162.5 million US dollars by 2028. The year-on-year growth ranges approximately between 3% to 3.5% yearly over this period. Over five years, the compound annual growth rate (CAGR) indicates a healthy and consistent rise in imports.

Future trends to watch for include:

Impact of environmental regulations on petroleum-based products.
Shift towards synthetic and renewable lubricants affecting traditional petroleum products.
Macroeconomic factors such as global oil prices and trade policies.
Technological advancements in lubricant formulations.