Key Market Indicators
Namibia's fuel import levels are projected to hit 2,000 cubic meters by 2028, up from 1,350 cubic meters in 2023. This represents an annual compound growth rate (CAGR) of 6.2%. Notably, since 2005, the nation's fuel demand has surged by over 50% annually. On the export front, Namibia is set to reach 25,540 cubic meters of fuel by 2028, an increase from 17,350 cubic meters in 2023. This growth corresponds to a 6.1% CAGR. Since 2005, the country's fuel supply has also seen an impressive rise of more than 50% per year.
