In South Africa, the International Marine Bunker CO2 emissions have shown variability between 2013 and 2023. Starting from 2.38 units in 2013, the emissions peaked in 2015 at 2.52 units, followed by a significant dip to 2.12 units in 2017. A slight recovery occurred, reaching 2.25 units in 2020 and remaining consistent through to 2023. The year-on-year variation reflects significant fluctuations, with notable declines in 2016 and gradual stabilizations from 2020 onwards. The compound annual growth rate (CAGR) over the last five years up to 2023 has shown modest growth, maintaining an average variation rate of just over 1% per year. As of 2023, CO2 emissions from international marine bunkers stood at 2.25 units.
Future trends to watch for
- The forecasted data from 2024 to 2028 indicates a static trend, with no expected change in CO2 emission levels, suggesting a stabilized status quo in maritime fuel consumption.
- Attention should be given to any industry regulations, technological advancements in marine fuel, or shifts in trade patterns that might disrupt the current stabilization forecast.
