The Fuel Oil Final Consumption for Domestic Navigation in Spain exhibited variable trends from 2013 to 2023. The consumption peaked significantly in 2017, reaching 5.71 thousand GWh, and continued its upward trajectory to 6.57 thousand GWh in 2019. After a dip in 2020, it rebounded and gradually increased, ultimately stabilizing at 6.57 thousand GWh in 2023. The year-on-year variations highlight major fluctuations, including a surge of 118.45% in 2017 and notable increase of 34.12% in 2022.
From 2024 onward, the forecast anticipates a plateau, with consumption remaining stable at 6.57 thousand GWh through 2028. The CAGR over the past five years (2018-2023) was 2.83%, while a forecasted 5-year CAGR from 2024 to 2028 shows no expected growth.
Future trends to watch include the impact of regulatory changes on marine fuel standards, potential adoption of alternative energy sources, and technological advancements in marine fuel efficiency. These factors could disrupt the stability and lead to new consumption patterns.
