As of 2023, the import value of non-petroleum-based lubricating oil to the US stood at a historical data point preceding the forecasted period. Moving into 2024, imports are projected to reach 187.03 million USD, with a consistent upward trend anticipated through 2028, reaching 207.91 million USD. Observing year-on-year percentage changes reveals steady growth, emphasizing a positive demand trajectory with a compound annual growth rate (CAGR) over the five-year period, indicating robust expansion in imports.
Future trends to watch for include the influence of advancements in sustainable and high-performance lubricants, potential trade policy shifts, and the increasing adoption of eco-friendly automotive and industrial technologies, all likely to spur continued growth in demand.
