Key Market Indicators
Spanish fuel imports are projected to rise modestly over the next five years. According to recent data, imports are expected to reach approximately 40,700 cubic meters by 2028, up from around 39,800 cubic meters in 2023. This represents an average annual growth rate of 0.4%. However, it's worth noting that Spanish demand for fuel has decreased by 7.4% annually since 1966. In contrast, Spanish fuel exports are on an upward trajectory. Exports are forecast to reach about 156,100 cubic meters by 2028, compared to roughly 154,700 cubic meters in 2023. This indicates an average annual growth rate of 0.1%. Since 1966, Spanish fuel supply has increased significantly, with a year-on-year growth rate of 44.6%. These figures highlight the divergent trends in Spain's fuel import and export markets, with imports growing at a slower pace compared to exports.
