The forecast data for motor fuel deliveries to the road sector in South Korea show a consistent upward trend from 2024 to 2028. Starting at 27.73 million metric tons in 2024, the volume is expected to reach 29.03 million metric tons by 2028. This indicates a steady annual increase, suggesting a growing demand for motor fuels in the coming years.
A year-on-year analysis shows gradual growth:
- 2025: +1.23%
- 2026: +1.18%
- 2027: +1.13%
- 2028: +1.08%
The five-year compound annual growth rate (CAGR) from 2024 to 2028 stands at approximately 1.16%, reflecting consistent and moderate growth over a longer period.
Future trends to watch for include the impact of electric vehicle adoption, changes in fuel efficiency regulations, and potential shifts in government policy favoring alternative energy sources, which could influence fuel demand dynamics in the road transport sector.
