Key Market Indicators
Armenia's fuel imports are projected to rise to 22 cubic meters by 2028, up from the current 21 cubic meters recorded in 2023. This increase represents a compound annual growth rate (CAGR) of approximately 0.9%. In contrast, the country's fuel exports are set to see a more significant surge. By 2028, Armenian fuel exports are expected to reach 25 cubic meters, a substantial jump from the 11 cubic meters reported in 2023. This growth translates to an impressive average annual increase of 12.3%. These figures highlight a notable expansion in Armenia's fuel trade within the next five years, signaling potential shifts in the country's energy dynamics.
