In 2023, the imports of fossil fuels in Spain stood at 136.45 million metric tons. The forecasted data for 2024 shows an import value of 136.65 million metric tons, indicating a marginal increase. A similar trend of gradual rise is observed for the subsequent years, with imports expected to reach 137.43 million metric tons by 2028.
The year-on-year variation shows a consistent yet slight increase in imports:
- 2024: 0.15% increase
- 2025: 0.15% increase
- 2026: 0.15% increase
- 2027: 0.14% increase
- 2028: 0.14% increase
Over the last two years, the imports increased by about 0.30%. The compound annual growth rate (CAGR) over the five-year period is approximately 0.15%.
Future trends to watch for include potential shifts in energy policy towards renewable sources, technological advancements in energy efficiency, and global energy market fluctuations, which could impact fossil fuel import volumes in the coming years.
