Distributor of Oils and Lubricants in Colombia
Distributors, producers and brands of oils and lubricants in Colombia have been on the rise in recent years.
Colombia has a significant and attractive market in the Latin American region being the third largest consumer with well over 41 million gallons of oils and lubricants consumed per year.
It is also an industry that employs a large number of people, many in rather remote regions of the country. There are both local and international producers in Colombia making the oil and lubricant industry attractive and very competitive.
Most of the consumption comes from the four largest cities of the country: Bogota, Medellin, Cali and Barranquilla. Lubricants are a byproduct of hydrocarbons while their demand continues to experience a significant growth in recent years. There is a growing demand for oil and lubricants in Colombia within the automotive diesel industry, aviation, motorcycle, gasoline, gas and industrial processes.
Colombia has made huge investments in refinery services and therefore it is set to have a significant product offering in this sector for the local and international market.
As international trade activity rises in Colombia so does the demand for these kinds of products. This leads to an increase in car sales contributing to this increasing demand.
This sector presents a big opportunity for innovative firms to enter the space to fulfill both local and international demand.
Colombia is clearly an attractive market for oil and lubricant products and also an attractive supplier given the rise in infrastructure investment, development and production.
There is a trend towards more sustainable extracted oils and lubricants that take into account the local community and the environment and Colombia is prime to meet this challenge.
