The lubricant market for textile and leather use without petroleum oil in Colombia saw fluctuations with a per capita value of $0.37 in 2023. From 2013 through 2023, the market demonstrated stability, with slight declines notably in 2015 and 2020, indicating an impact possibly due to external factors affecting demand or supply. The year-on-year variation from 2022 to 2023 showed stability with no change, returning to pre-2020 levels. The compound annual growth rate over the last five years was minimal, reflecting maturity or market saturation.

Future trends to watch include:

Potential impact of sustainable and eco-friendly developments in the lubricant industry.
Emerging technological advancements that could increase efficiency and broaden market applications.
Regulatory changes impacting non-petroleum-based products and their market acceptance.