Key Market Indicators
Singapore's fuel import figures remained steady in 2022, with the nation bringing in close to 582 cubic meters, matching the imports recorded in 2021. This consistency marks a significant trend, as Singaporean demand has increased by approximately 4.7% annually since 1969. Looking ahead, Singapore's fuel exports are projected to rise marginally. By 2028, exports are expected to reach around 864 cubic meters, up from about 857 cubic meters in 2023. This represents a modest compound annual growth rate (CAGR) of 0.1%. However, it's important to note that since 1969, Singapore's fuel supply has seen a substantial decline, decreasing by roughly 13.5% each year.
