Key Market Indicators
Korean fuel exports are projected to maintain a steady level, remaining at approximately 4 cubic meters by 2028. This figure mirrors the current export volume of 4 cubic meters recorded in 2023, suggesting no significant change in the export rate over the next five years. In contrast, Korean fuel imports are expected to see a noticeable increase. By 2028, imports are anticipated to reach around 480 cubic meters, up from 424 cubic meters in 2023. This represents an annual growth rate of 2.1% in compound annual growth rate (CAGR). Since 2012, Korean fuel demand has experienced an average annual growth rate of 10.7%, reflecting a consistent rise in the country's fuel consumption needs.
