The forecast for the import of petroleum-based lubricating oil to Brazil from 2024 to 2028 shows a steady increase from 4.3921 million kilograms in 2024 to 4.5533 million kilograms in 2028. In 2023, the imports stood at 4.3500 million kilograms. This indicates a year-on-year increase in imports, with a macro trend of gradual growth. The Compound Annual Growth Rate (CAGR) over this five-year period is expected to reflect a moderate upward trend in line with the past data.
Future trends to watch include potential fluctuations in global oil prices, shifts in Brazil's industrial demand, advancements in synthetic lubricants, and environmental policies impacting the lubricant industry. These factors could influence both the volume and value of imports significantly in the coming years.
