Fuels Market Outlook 2024 - 2028

Daily Updated Industry Statistics and Top Emerging Trends about the Fuels Industry

Global Fuels Trends in 2024

Fuels is part of Refined Products and includes a number of sub-sectors such as Coke. You may also be interested in Hydrogen, Naphtha and Bitumen.

Global fuel imports are projected to reach approximately 5.53 million cubic meters by 2028. This marks a modest increase from the 5.31 million cubic meters recorded in 2023, reflecting a compound annual growth rate (CAGR) of 0.6%. Despite this projected growth, global demand for fuel has seen a decline since 1966, decreasing by an average of 1.2% per year. On the export front, global fuel exports are anticipated to hit nearly 7.94 million cubic meters by 2028, up from around 7.54 million cubic meters in 2023. This represents an annual growth rate of 0.8%. However, the overall global supply of fuel has experienced a slight downturn since 1966, with an average annual decrease of 0.4%.

Top 10 countries

In 2024 major markets in the Fuels Industry were:

World Fuels Market Data and Forecasts

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Global Fuels Statistics

Global Fuels Industry Database