The final consumption of Kerosene-Type Jet Fuel in domestic aviation in Italy displayed a fluctuating trend from 2013 to 2023, with significant disruptions in 2020 due to the pandemic. In 2023, consumption was at a notable level of 39.44 thousand terajoules, marking a 16.53% increase from 2022. The average annual growth rate over the last five years stood at 1.51%. Looking forward, the forecasted consumption from 2024 to 2028 indicates a steady increase, with a CAGR of 1.46% and a total growth rate of 7.52% over this period.
Future trends to watch for:
- The impact of sustainable aviation fuel initiatives and regulations on kerosene-type jet fuel demand.
- Technological advancements in aircraft efficiency and their influence on fuel consumption.
- Fluctuations in domestic travel demand due to economic and political factors in Italy and Europe.
- Impact of geopolitical events and economic shifts on the aviation sector and fuel prices.
- Environmental policies affecting air travel and fuel usage in domestic aviation.