In 2023, Brazil's import of lubricating oil additives with petroleum or bitumen oil stood at a baseline figure (not provided in the given data). From 2024 onward, forecasted trends depict a steady increase in import volumes, indicating a consistent yearly growth pattern. Specifically, the import volume is expected to rise from 62.889 million kilograms in 2024 to 65.487 million kilograms by 2028, suggesting a continuous annual growth trajectory.
The year-on-year growth rate illustrates a gradual increase, with slight percentage increments each year. The compound annual growth rate (CAGR) across the five-year forecast period further underscores a stable upward trend.
Looking ahead, key trends to monitor include the impact of global oil prices, Brazil's industrial and automotive growth, and potential changes in international trade policies affecting import volumes. Additionally, advancements in alternative technologies may influence demand for traditional lubricating oil additives.
