The import of petroleum-based lubricants for textile materials, leather, and furskins to India is projected to rise steadily from 2024 to 2028, with an increase from 10.8 million kilograms in 2024 to 12.458 million kilograms in 2028. This indicates a constant year-on-year growth in import values. The forecasted compound annual growth rate (CAGR) over the five-year period (2024-2028) marks a consistent upward trend.

Future trends to watch for:

Potential impact of shifts in textile manufacturing capacities and practices in India.
Changes in global oil prices affecting lubricant costs.
Regulatory changes regarding imports and environmental standards.