Market in focus - Brazilian lube oil market grows about 3% in 2008 despite a significant fall in the last two months.
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LUBES EM FOCO presents the best estimate of 2008 Brazilian lubes market, based on a research developed together with
the main players and the government organisms. The difficulties to achieve precision in the figures presented are
due to the lack of consolidation of the numbers of small companies.
The growth forecast for 2008 was impacted by the low performance achieved in the last two months of the year, causing
too high figures for the total base oils and not reflecting the fall in consumption of that period. We can assume that
the stock was higher than expected.
An overview of the 2008 - Brazilian lube market
Total Lubes: |
1,395,000 m³ |
Automotives |
780,000 m³ |
Industrials |
490,000 m³ |
Greases |
61,000 t |
Base oil
|
35,000 m³
|
Finished product import |
60,500 m³ |
Finished product export
|
31,500 m³
|
Total base oil | 1,340,000 m³ |
Local Production | 730,000 m³ |
Import | 430,000 m³ |
Re-refining | 180,000 m³
|
2008 Lubes market evolution (m³)