In 2023, Brazil imported petroleum-based lubricants for textile treatment, leather, and furskins worth $21.200 million USD. The forecasted period from 2024 to 2028 shows a consistent upward trend in import values, increasing from $21.689 million USD in 2024 to $23.823 million USD in 2028. Year-on-year growth averages around 2.35% to 2.25%, reflecting steady demand increases. The 5-year CAGR from 2024 to 2028 is approximately 2.35%, indicating moderate, stable expansion.
Future trends to watch include potential shifts in global trade policies that may affect import costs, advances in sustainable lubricant alternatives, and changes in the Brazilian textile and leather industries that could influence demand levels.
