The lubricant market size value per capita in Argentina, without petroleum oil, exhibited a declining trend between 2013 and 2023. In 2023, the market stood at $3.78 per capita. Year-on-year analysis reveals a marginal decrease of 0.79% in 2023 from the previous year, while the last two years recorded an increase of 9.34% from 2021 to 2023. Over five years, the market value per capita registered a compound annual growth rate (CAGR) of -0.54%, indicating a steady decline.

Future trends to watch for include:

Shifts toward environmentally friendly, non-petroleum-based lubricants.
Potential market recovery driven by industrial growth and increased consumption.
Regulatory changes affecting the import and production of lubricants in Argentina.
Technological advancements that could enhance the efficiency and appeal of non-petroleum lubricants.