The market size of lighter refill fuels in Spain exhibited a declining trend from 2013, with the value decreasing from $7.35 million to $5.76 million by 2023. Year-on-year variations showed fluctuations, with significant declines in 2018 and 2019 at over 9% and 10%, respectively, while modest growth resumed from 2020 onwards. The Compound Annual Growth Rate (CAGR) over the past five years was -1.53%, indicating a gradual contraction.
Future trends to watch for include:
- Potential shift towards eco-friendly products due to environmental concerns.
- Technological advancements improving the efficiency of refill fuels.
- Regulatory changes possibly affecting the production and distribution of fuels.
| # | 9 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 53,927,000 | 2023 | +4.38% | +5.34% | View data |
| 2 | 2 Italy | 5,800,400 | 2023 | -1.12% | -0.39% | View data |
| 3 | 3 Spain | 5,761,400 | 2023 | +0.3% | -1.53% | |
| 4 | 4 Australia | 5,094,400 | 2023 | +1.39% | +1.89% | View data |
| 5 | 5 South Africa | 1,987,400 | 2023 | +3.13% | +3.41% | View data |
