In 2023, the import value of lubricating oil additives with petroleum or bitumen oil to Canada was not specified. However, the forecast for 2024 indicates a gradual decline in imports over the subsequent years, from $176.51 million in 2024 to $167.64 million by 2028. This trend reflects a consistent year-on-year decrease averaging around 1% annually, suggesting a declining demand or shift in the market landscape for these products in Canada.

Future trends to watch for include:

Technological advancements in lubricant formulations that may decrease the need for specific additives.
Increased emphasis on sustainable and eco-friendly alternatives that could impact demand.
Variations in global petroleum markets and their influence on import prices and volumes.