Based on the data, Spain's aviation fuel imports showed significant fluctuations over the past decade. From 2013 to 2019, the imports increased consistently, peaking at 5.62 million metric tons in 2019. A drastic decline occurred in 2020 and 2021 due to the COVID-19 pandemic, with imports falling by over 69% and 1.26%, respectively. The recovery began in 2022 with a dramatic 201.94% surge, reaching 5.14 million metric tons. In 2023, the imports stood at 6.25 million metric tons, representing a 21.7% year-on-year increase. The 5-year CAGR post-pandemic recovery starting in 2023 is expected to be 3.19%, with the forecasted value reaching 7.65 million metric tons by 2028.
Future trends to watch for include:
- Potential impacts of sustainable aviation fuel (SAF) adoption as industries push for greener solutions.
- Geopolitical shifts affecting global fuel prices and supply chains.
- Aviation demand rebound and growth post-pandemic leading to higher fuel import needs.
- Technological advancements in aircraft efficiency potentially moderating fuel import growth.
