Key Market Indicators
South Africa's fuel import is projected to surge to nearly 1.2 million cubic meters by 2028, up from approximately 967,000 cubic meters in 2023. This marks a steady annual growth rate of 3.4%. Historical data shows that since 1970, the country's demand for fuel has increased by an average of 5.5% each year. On the export front, South Africa is expected to see its fuel exports climb to roughly 1.16 million cubic meters by 2028, a significant rise from about 667,000 cubic meters in 2023. This represents an impressive annual growth rate of 8.7%. Since 1999, the nation’s fuel supply has expanded at an average rate of 30.2% per year. These figures indicate a robust upward trend in both the import and export of fuel, reflecting the dynamic nature of South Africa's energy sector.
