The petroleum-based lubricant market in Costa Rica reached a value of approximately 21.716 million US dollars in 2023. Analyzing year-on-year trends, there was significant variability from 2013 through 2023. Notably, the market experienced a notable recovery with a 2021 increase of 16.46%, 7.04% in 2022, and a modest 1.63% in 2023. The compound annual growth rate (CAGR) over the past five years was calculated at 1.31%.
Future trends to watch for include:
- Potential market growth driven by industrial expansions and increased automotive usage.
- Shifts towards synthetic and bio-based lubricants as Costa Rica continues to emphasize sustainability.
- Impact of global oil price fluctuations and trade policies on market dynamics.
| # | 43 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 8,304,600,000 | 2023 | -5.15% | -5.77% | View data |
| 2 | 2 Japan | 3,222,400,000 | 2023 | -0.53% | -0.65% | View data |
| 3 | 3 Germany | 2,383,500,000 | 2023 | +0.11% | -1.38% | View data |
| 4 | 4 France | 1,868,800,000 | 2023 | +0.13% | -0.45% | View data |
| 5 | 5 India | 1,796,200,000 | 2023 | +2.95% | +1.81% | View data |
| 37 | 37 Sri Lanka | 25,265,000 | 2023 | -11.31% | -9.39% | View data |
| 38 | 38 Bolivia | 25,050,000 | 2023 | -4.19% | -3.97% | View data |
| 39 | 39 Costa Rica | 21,716,000 | 2023 | +1.63% | +1.31% | |
| 40 | 40 Bahrain | 16,957,000 | 2023 | +2.08% | +1.97% | View data |
| 41 | 41 Iceland | 14,741,000 | 2023 | +2.81% | +2.62% | View data |
