The Petroleum Based Lubricant market in Guatemala showed fluctuations from 2013 to 2023. The per capita value was $3.03 in 2013 and reached $3.73 in 2023. Over the last two years, there has been a 0.95% increase from 2021 to 2022, and a 0.81% increase from 2022 to 2023. The Compound Annual Growth Rate (CAGR) for the past five years was negative, indicating slight decline on average annually since 2018.
Future trends to watch for in the Guatemalan petroleum-based lubricant market include potential growth driven by industrial expansion and increased vehicle ownership. However, environmental regulations and shifts toward sustainable alternatives may impact long-term demand.
| # | 43 Countries | US Dollars Per Capita | Last Year | |||
|---|---|---|---|---|---|---|
| 1 | 1 Denmark | 40.43 | 2023 | View data | ||
| 2 | 2 Iceland | 40.38 | 2023 | View data | ||
| 3 | 3 Sweden | 39.21 | 2023 | View data | ||
| 4 | 4 Norway | 35.62 | 2023 | View data | ||
| 5 | 5 Canada | 32 | 2023 | View data | ||
| 34 | 34 Costa Rica | 4.25 | 2023 | View data | ||
| 35 | 35 Ukraine | 4.24 | 2023 | View data | ||
| 36 | 36 Guatemala | 3.73 | 2023 | |||
| 37 | 37 Mauritius | 3.49 | 2023 | View data | ||
| 38 | 38 Vietnam | 2.99 | 2023 | View data | ||
