The per capita market size value of lubricants for textile and leather use in Russia, made of less than 70% petroleum oil, has shown a gradual decline over the past decade. From 2013 at $0.16, it peaked slightly in 2014 at $0.18, then decreased to $0.13 from 2021 through 2023, maintaining stable levels over these last years. The year-on-year variations during this period show relative stability, with no change from 2022 to 2023. Over the past five years, the CAGR reflects a minimal decline, indicating a shrinking or stagnating demand amidst evolving market conditions.
Future trends to monitor include the potential shift towards more eco-friendly, sustainable products and emerging technologies that might influence demand, as well as possible geopolitical or economic changes impacting the Russian market.
