The forecast for the import of petroleum-based lubricants used for the treatment of textile materials, leather, and furskins to the US indicates a declining trend. Starting from 736.06 thousand kilograms in 2024, it is projected to decrease to 616.87 thousand kilograms by 2028. This represents an average annual decrease of approximately 4.4% over the five years.
Key future trends to watch for include:
- Potential changes in textile production processes that might reduce reliance on petroleum-based lubricants.
- Emergence of alternative, sustainable materials that could impact traditional lubricant demand.
- Trade policy developments and economic factors influencing import behavior and pricing.