The market size value per capita for lubricants for textile and leather use without petroleum oil in Peru remained relatively stable from 2013 to 2019, oscillating between $0.38 and $0.39. A notable dip occurred in 2020, reaching $0.32, likely due to the impacts of the COVID-19 pandemic. By 2021, the value recovered to $0.36, maintaining a steady rise to $0.39 in 2023, consistent with values from earlier stable years. The last two years saw no year-on-year change in 2023, with a modest average annual growth of 0.52% over the last five years.
Looking forward, future trends might include increased demand driven by advancements in eco-friendly and sustainable practices in both textile and leather industries, potentially expanding the market for synthetic lubricants.
