In 2023, the import of lubricating oil additives without petroleum or bitumen oils to Brazil stood at 11.2 million USD. For the forecasted period from 2024 to 2028, a steady growth pattern is observed, starting at 11.557 million USD in 2024 and reaching 12.769 million USD by 2028. The year-on-year growth rates range between 2.7% and 2.4%, indicating a consistent upward trend. Over these five years, the CAGR stands at approximately 2.6%, pointing toward a moderate but stable increase in imports.
Future trends to watch for include fluctuations in demand influenced by global economic conditions and technological advancements in lubricant formulations. Changes in regulations regarding environmental impacts and efficiency standards for industrial and automotive applications may also affect the importation dynamics.
