Australia's fuel exports fluctuated significantly over the past decade. After peaking in 2018 at 35.54 units, they plummeted in 2020 to 21.31 units. This sharp decline aligns with global economic disruptions due to the pandemic. A strong recovery followed, with 2022 marking the highest level at 42.7 units. As of 2023, fuel exports marginally increased by 1.3% from the previous year, reaching 43.25 units. The Compound Annual Growth Rate (CAGR) over the last five years stands at 4.01%.
Future trends indicate a steady rise in fuel exports, projected to hit 45.98 units by 2028. The forecasted five-year CAGR is 0.98%, with an overall five-year growth rate of 4.98%.
