Fuel oil imports to Spain have displayed a consistent growth trajectory from 2024 to 2028, starting at 307.32 thousand terajoules in 2024 and reaching 337.43 thousand terajoules in 2028. In 2023, actual fuel oil imports were slightly lower. The year-on-year percentage variations are as follows:
- From 2024 to 2025: 2.49% increase
- From 2025 to 2026: 2.41% increase
- From 2026 to 2027: 2.32% increase
- From 2027 to 2028: 2.25% increase
Over the entire forecast period from 2024 to 2028, the compound annual growth rate (CAGR) stands at approximately 2.34%. This steady increase reflects a gradual augmentation in fuel oil import demand.
Future trends to watch for in this sector include shifts in energy policies towards greener alternatives, potential geopolitical influences on oil supply chains, and technological advancements in energy efficiency that could alter the forecasted import figures. Additionally, economic factors and changing industrial requirements may significantly impact these trends.