Key Market Indicators
Brunei's fuel imports remained stagnant in 2022, maintaining the same volume as the previous year at approximately 1 cubic meter. This consistency marks no change from 2021's figures. However, the long-term trend indicates a significant decline, with a 45.6% reduction in demand since 1999. On the export front, Brunei is projected to see a steady rise in fuel exports over the coming years. By 2028, the nation's fuel exports are expected to reach around 22 cubic meters, up from 18 cubic meters in 2023. This represents an annual growth rate of 2.9%. Since 2018, Brunei's fuel supply has experienced a notable increase, with an average annual growth rate of 5.2%. This upward trend underscores the country's expanding role in the fuel export market.
