Spain's forecasted exports of fossil fuel demonstrate a steady increase from 2024 onwards. In 2023, the export volume stood at 60.32 million metric tons. For the year 2024, the exports are forecasted to be 61.59 million metric tons, marking an increase of approximately 2.1% from the previous year. The upward trend continues with year-on-year variations of:
• 2025: 1.9% increase
• 2026: 2.0% increase
• 2027: 1.9% increase
• 2028: 1.8% increase
Averaging out these annual growth rates, the compound annual growth rate (CAGR) over the five-year period from 2024 to 2028 is 1.9% per year.
Future trends to watch for include the impact of global energy transition policies, advancements in renewable energy technologies, and fluctuations in the global demand for fossil fuels. These factors could significantly influence the forecasted trends in Spain's fossil fuel exports.
