Brazil’s lube demand rose in September among its largest blenders, contrasting with signs the country’s total consumption has begun to wane.Any such slowdown would compound a likely seasonal drop in Latin America’s lube consumption during the final months of the year.Lube consumption among Brazil’s nine largest blenders came to 100,700 cubic meters (89,000 tonnes) in September, according to IBP.The volume rose by 3% and for a sixth straight month from year-earlier levels.The sustained growth lifted Brazil’s consumption by 6% to 916,500 cubic meters in the first nine months of the year.The growth rate contrasted with a 2% rise in the country’s total lube consumption in the first eight months of the year, ANP data showed.The different growth rates pointed to signs of Brazil’s largest blenders expanding their share of the country’s total consumption.Their lube sales accounted for 86% of Brazil’s total lube consumption in the first eight months of 2024, up from less than 83% during the same period in 2023.Any such move would point to ongoing consolidation among blenders in Brazil’s lubricants market.Either way, the pace of Brazil’s lube demand growth slowed markedly in August and September compared with the first seven months of the year.The more muted growth rate in recent months mirrored signs of a slowdown in the country’s economic growth in July and August compared with the second quarter of the year.Brazil’s engine oils consumption rose by 2% and for a sixth straight month in September. But the pace of the increase was the slowest since March.Industrial oils consumption rose by 4% in September, after shrinking in August for the first time in five months.ICONIC Lubricants remained Brazil’s largest lube supplier in September even as its share of total lube consumption fell to a six-month low.Moove was the second-largest supplier and Vibra Energia the third largest. Both companies’ market share rose in September from the previous month..Latam’s August lube demand falls.Brazil’s August lube demand holds firm
Brazil’s lube demand rose in September among its largest blenders, contrasting with signs the country’s total consumption has begun to wane.Any such slowdown would compound a likely seasonal drop in Latin America’s lube consumption during the final months of the year.Lube consumption among Brazil’s nine largest blenders came to 100,700 cubic meters (89,000 tonnes) in September, according to IBP.The volume rose by 3% and for a sixth straight month from year-earlier levels.The sustained growth lifted Brazil’s consumption by 6% to 916,500 cubic meters in the first nine months of the year.The growth rate contrasted with a 2% rise in the country’s total lube consumption in the first eight months of the year, ANP data showed.The different growth rates pointed to signs of Brazil’s largest blenders expanding their share of the country’s total consumption.Their lube sales accounted for 86% of Brazil’s total lube consumption in the first eight months of 2024, up from less than 83% during the same period in 2023.Any such move would point to ongoing consolidation among blenders in Brazil’s lubricants market.Either way, the pace of Brazil’s lube demand growth slowed markedly in August and September compared with the first seven months of the year.The more muted growth rate in recent months mirrored signs of a slowdown in the country’s economic growth in July and August compared with the second quarter of the year.Brazil’s engine oils consumption rose by 2% and for a sixth straight month in September. But the pace of the increase was the slowest since March.Industrial oils consumption rose by 4% in September, after shrinking in August for the first time in five months.ICONIC Lubricants remained Brazil’s largest lube supplier in September even as its share of total lube consumption fell to a six-month low.Moove was the second-largest supplier and Vibra Energia the third largest. Both companies’ market share rose in September from the previous month..Latam’s August lube demand falls.Brazil’s August lube demand holds firm
