Fuel exports in Brazil have experienced fluctuations from 2013 to 2023. After a notable decline in the middle of the decade, exports rebounded significantly in 2018, reaching a peak in 2022. The year-on-year growth in 2023 was modest at 1.26%, marking a stabilization phase. Over the last five years, the compound annual growth rate (CAGR) was 6.15%, indicating a steady improvement in export performance.
Future projections indicate a sustained but modest growth in fuel exports, with a forecasted CAGR of 0.95% from 2023 to 2028. By 2028, we can expect a total growth of 4.82% over the period.
Trends to watch for in the future include:
- The impact of global energy transitions on export volumes.
- Changes in international trade agreements and their effects on Brazil's fuel market.
- Technological advancements in extraction and production that could boost efficiency and output.