Report Update May 1, 2025

Puerto Rico - Petroleum Lubricating Oil and Grease - Market Analysis, Forecast, Size, Trends and Insights

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Puerto Rico: Market for Petroleum Lubricating Oil And Grease 2025

Exports of Petroleum Lubricating Oil And Grease

Exports by Country

In 2021, Germany (X tons) and France (X tons) represented the major exporters of petroleum lubricating oil and greaseacross the globe, together accounting for approx. 35% of total exports. The United States (X tons) ranks next in terms of the total exports with a 9.2% share, followed by Belgium (7.5%), Japan (7.1%), the Netherlands (5.3%) and Singapore (5%). Italy (X tons), the UK (X tons), Lithuania (X tons), China (X tons), Spain (X tons) and Switzerland (X tons) held a little share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Singapore (with a CAGR of +15.6%), while the other leaders experienced more modest paces of growth.

In value terms, the largest petroleum lubricating oil and grease supplying countries from Puerto Rico were Germany ($X), France ($X) and the United States ($X), with a combined 48% share of total exports. These countries were followed by Belgium, Japan, Singapore, the Netherlands, the UK, Switzerland, Italy, Spain, Lithuania and China, which together accounted for a further 40%.

In terms of the main exporting countries, Singapore, with a CAGR of +20.8%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Imports of Petroleum Lubricating Oil And Grease

Imports by Country

In 2021, China (X tons), distantly followed by Germany (X tons), France (X tons), Russia (X tons) and India (X tons) were the key importers of petroleum lubricating oil and grease, together creating 36% of total imports. Mexico (X tons), Canada (X tons), Poland (X tons), Italy (X tons), the Netherlands (X tons), Vietnam (X tons), Belgium (X tons) and Turkey (X tons) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to petroleum lubricating oil and grease imports into China stood at +5.5%. At the same time, Vietnam (+12.5%), India (+11.2%), France (+8.5%), Mexico (+7.4%), Poland (+6.8%), Turkey (+5.5%), Canada (+3.5%), Germany (+2.6%) and Italy (+2.4%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing importer imported in the world, with a CAGR of +12.5% from 2012-2021. The Netherlands and Belgium experienced a relatively flat trend pattern. By contrast, Russia (-2.6%) illustrated a downward trend over the same period. From 2012 to 2021, the share of China, India and France increased by +3.2, +2.4 and +2.2 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported petroleum lubricating oil and grease into Puerto Rico, comprising 15% of global imports. The second position in the ranking was taken by Germany ($X), with a 6.9% share of global imports. It was followed by Russia, with a 5% share.

In China, petroleum lubricating oil and grease imports increased at an average annual rate of +6.2% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Germany (+2.1% per year) and Russia (-2.1% per year).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for petroleum lubricating oil and grease in the world?

Russia remains the largest petroleum lubricating oil and grease consuming country worldwide, comprising approx. 38% of total volume. Moreover, petroleum lubricating oil and grease consumption in Russia exceeded the figures recorded by the second-largest consumer, China, fourfold. The United States ranked third in terms of total consumption with a 9.8% share.

What are the largest producers of petroleum lubricating oil and grease in the world?

Russia remains the largest petroleum lubricating oil and grease producing country worldwide, comprising approx. 37% of total volume. Moreover, petroleum lubricating oil and grease production in Russia exceeded the figures recorded by the second-largest producer, the United States, fourfold. China ranked third in terms of total production with an 8.7% share.

What are the leading suppliers of petroleum lubricating oil and grease to Puerto Rico?

In value terms, the largest petroleum lubricating oil and grease importing markets into Puerto Rico were China, Germany and Russia, together accounting for 29% of total imports.

What are the leading importers of petroleum lubricating oil and grease from Puerto Rico?

In value terms, Germany, France and the United States appeared to be the countries with the highest levels of exports in 2020, together comprising 49% of total exports. These countries were followed by Belgium, Japan, Singapore, the Netherlands, the UK, Switzerland, Italy, Spain, Lithuania and China, which together accounted for a further 39%.

What is the average export price for petroleum lubricating oil and grease in Puerto Rico?

In 2020, the export price for petroleum lubricating oil and grease in Puerto Rico amounted to $less than 0.1 per ton, approximately mirroring the previous year.

What is the average import price for petroleum lubricating oil and grease in Puerto Rico?

In 2020, the import price for petroleum lubricating oil and grease in Puerto Rico amounted to $less than 0.1 per ton, flattening at the previous year.

This report provides an in-depth analysis of the market for petroleum lubricating oil and grease in Puerto Rico. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 20594155 - Lubricating preparations containing as basic constituents < .70% by weight of petroleum oils or of oils obtained from bituminous minerals for textiles, leather, hides, furskins and other materials
Prodcom 20594157 - Lubricating preparations obtained from petroleum or bituminous minerals, excluding the ones used for the treatment of textiles, leather, hides, furskins and other materials

Country coverage:

Puerto Rico

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Puerto Rico
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND THE AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDSThis Chapter is Available Only for the Professional EditionPRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and its Prospects
1. MARKET SIZE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
2. MARKET STRUCTURE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
3. TRADE BALANCE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
4. PER CAPITA CONSUMPTION: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
5. MARKET FORECAST TO 2035
4. MOST PROMISING PRODUCTS FOR DIVERSIFICATION

Finding New Products to Diversify Your Business
- This Chapter is Available Only for the Professional EditionPRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCTS
4. MOST TRADED PRODUCTS
5. MOST PROFITABLE PRODUCTS FOR EXPORTS
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
- This Chapter is Available Only for the Professional EditionPRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Export
- This Chapter is Available Only for the Professional EditionPRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
8. IMPORTS

The Largest Import Supplying Countries
1. IMPORTS: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
2. IMPORTS BY COUNTRY: HISTORICAL DATA (2012–2024)
3. IMPORT PRICES BY COUNTRY: HISTORICAL DATA (2012–2024)
9. EXPORTS

The Largest Destinations for Exports
1. EXPORTS: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
2. EXPORTS BY COUNTRY: HISTORICAL DATA (2012–2024)
3. EXPORT PRICES BY COUNTRY: HISTORICAL DATA (2012–2024)
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
- This Chapter is Available Only for the Professional EditionPRO
LIST OF TABLES
1. Key Findings In 2024
2. Market Volume, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
3. Market Value: Historical Data (2012–2024) and Forecast (2025–2035)
4. Per Capita Consumption: Historical Data (2012–2024) and Forecast (2025–2035)
5. Imports, In Physical Terms, By Country, 2012–2024
6. Imports, In Value Terms, By Country, 2012–2024
7. Import Prices, By Country, 2012–2024
8. Exports, In Physical Terms, By Country, 2012–2024
9. Exports, In Value Terms, By Country, 2012–2024
10. Export Prices, By Country, 2012–2024
LIST OF FIGURES
1. Market Volume, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
2. Market Value: Historical Data (2012–2024) and Forecast (2025–2035)
3. Market Structure – Domestic Supply vs. Imports, in Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
4. Market Structure – Domestic Supply vs. Imports, in Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
5. Trade Balance, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
6. Trade Balance, In Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
7. Per Capita Consumption: Historical Data (2012–2024) and Forecast (2025–2035)
8. Market Volume Forecast to 2035
9. Market Value Forecast to 2035
10. Market Size and Growth, By Product
11. Average Per Capita Consumption, By Product
12. Exports and Growth, By Product
13. Export Prices and Growth, By Product
14. Production Volume and Growth
15. Exports and Growth
16. Export Prices and Growth
17. Market Size and Growth
18. Per Capita Consumption
19. Imports and Growth
20. Import Prices
21. Production, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
22. Production, In Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
23. Imports, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
24. Imports, In Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
25. Imports, In Physical Terms, By Country, 2024
26. Imports, In Physical Terms, By Country, 2012–2024
27. Imports, In Value Terms, By Country, 2012–2024
28. Import Prices, By Country, 2012–2024
29. Exports, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
30. Exports, In Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
31. Exports, In Physical Terms, By Country, 2024
32. Exports, In Physical Terms, By Country, 2012–2024
33. Exports, In Value Terms, By Country, 2012–2024
34. Export Prices, By Country, 2012–2024