ICONIC Lubricants was Brazil’s largest lube supplier in 2024 as it expanded its market share to the highest in three years.Brazil’s lube consumption among the country’s nine largest lube suppliers came to 1.21 million cubic meters (1.07 million tonnes) in 2024, according to IBP. The volume rose by 6% from 1.15 million cubic meters the previous year.The lube suppliers typically account for at least 85% of the country’s total lube consumption.ICONIC raised its share of the larger total sales volume in 2024 to more than 24.5% of the total.The share rose from 24% the previous year to the highest level since 2021.The dynamic reflected a rise in its share of Brazil’s industrial lube sales to close to 34% of the total in 2024, up from 31.5% the previous year.Its share of heavy-duty-engine oils (HDEO) sales also rose, countering a drop in its share of passenger-car motor oil (PCMO) sales.Moove was Brazil’s second-largest lube supplier in 2024 with a market share of around 21% of the total. The share was down from more than 21.5% in 2023 even as its total sales rose.Its share fell as its higher sales of HDEO lagged the size of the rise in total sales of those engine oils in 2024.The fall in its sales of industrial oils also contrasted with a 4% rise in Brazil's total consumption of those lubricants in 2024.Vibra Energia was Brazil’s third-largest lube supplier in 2024 even as its market share edged down to close to 20% of the total, from more than 20.5% the previous year.Its industrial lube sales also edged down in 2024 from year-earlier levels, cutting its market-share of those lubricants.Petronas and YPF were the only other suppliers whose share of industrial lubricants sales rose in 2024.Petronas and Castrol was the only suppliers whose share of both HDEO and PCMO sales rose in 2024..Brazil’s December lube demand rises
ICONIC Lubricants was Brazil’s largest lube supplier in 2024 as it expanded its market share to the highest in three years.Brazil’s lube consumption among the country’s nine largest lube suppliers came to 1.21 million cubic meters (1.07 million tonnes) in 2024, according to IBP. The volume rose by 6% from 1.15 million cubic meters the previous year.The lube suppliers typically account for at least 85% of the country’s total lube consumption.ICONIC raised its share of the larger total sales volume in 2024 to more than 24.5% of the total.The share rose from 24% the previous year to the highest level since 2021.The dynamic reflected a rise in its share of Brazil’s industrial lube sales to close to 34% of the total in 2024, up from 31.5% the previous year.Its share of heavy-duty-engine oils (HDEO) sales also rose, countering a drop in its share of passenger-car motor oil (PCMO) sales.Moove was Brazil’s second-largest lube supplier in 2024 with a market share of around 21% of the total. The share was down from more than 21.5% in 2023 even as its total sales rose.Its share fell as its higher sales of HDEO lagged the size of the rise in total sales of those engine oils in 2024.The fall in its sales of industrial oils also contrasted with a 4% rise in Brazil's total consumption of those lubricants in 2024.Vibra Energia was Brazil’s third-largest lube supplier in 2024 even as its market share edged down to close to 20% of the total, from more than 20.5% the previous year.Its industrial lube sales also edged down in 2024 from year-earlier levels, cutting its market-share of those lubricants.Petronas and YPF were the only other suppliers whose share of industrial lubricants sales rose in 2024.Petronas and Castrol was the only suppliers whose share of both HDEO and PCMO sales rose in 2024..Brazil’s December lube demand rises
