In 2023, the import volume of non-petroleum based lubricants to the US stood at approximately 4.07 million kilograms. Forecast data from 2024 to 2028 indicates a downward trend, with year-on-year percentage variations reflecting a consistent decline. From 2024 to 2025, the change is -2.09%, from 2025 to 2026 it is -2.08%, and from 2026 to 2027 it is -2.09%. The forecasted Compound Annual Growth Rate (CAGR) from 2024 to 2028 is approximately -2.00%, highlighting the decline over this period.

Future trends to watch include:

Technological advancements and shifts towards sustainable alternatives impacting demand.
Industry regulations and policies promoting eco-friendly products could alter import levels.
Market dynamics and pricing pressure influencing the competitive landscape.
Economic factors, including global trade policies, affecting import volumes and sourcing.