The aviation gasoline available for final consumption in Spain exhibited significant fluctuations from 2013 to 2023. The value reached 3.55 Thousand Tonnes Of Oil Equivalent in 2023. Initial decreases were seen from 2013 to 2014 with a stark drop in 2020 primarily due to the global pandemic, followed by a robust recovery in 2021 at 4.34 versus 1.06 in 2020. However, 2023 saw a marginal rise from 2022. The CAGR over the past five years averaged at -3.44%, and projections indicate a downward trend with a forecasted CAGR of -6.39% over the next five years.
Future trends to watch for include:
- Technological advancements aimed at improving aviation fuel efficiency.
- A shift towards alternative and more sustainable aviation fuels influenced by tighter environmental regulations.
- The impact of economic recovery and travel behavior post-pandemic on aviation fuel demand.