The forecasted fuel exports in Spain show a steady year-on-year increase from 2024 to 2028, starting at 8.8% of goods exports in 2024 and rising to 8.91% by 2028. The year-on-year variations indicate incremental growth, with values rising 0.03% to 0.05% annually. Analyzing trends over the last two years would highlight a minor but consistent upward trajectory.
The Compound Annual Growth Rate (CAGR) over the next five years averages a slight but positive increase, reflecting steady demand and possibly consistent improvements in production or market conditions.
Future trends to watch for include potential changes in global fuel prices, technological advancements in fuel production, and shifts in international trade policies which could impact Spain's fuel export competitiveness.