In 2023, the import of petroleum-based lubricating oil to the US stood at 31.780 million kilograms. The forecast data reveals a steady increase in imports from 2024 through 2028, with values expected to rise from 32.873 million kilograms in 2024 to 37.276 million kilograms in 2028. The year-on-year percentage increase depicts a consistent upward trend, reflecting a growing demand or reliance on foreign-sourced lubricating oil.

Future trends to watch for:

Impact of environmental regulations and shifts towards sustainable alternatives.
Technological advancements in synthetic lubricants potentially altering market dynamics.
Global economic shifts affecting supply chain and raw materials availability.