The aviation fuel direct material inputs in Spain have shown significant fluctuations over the past decade. Starting from 2013, the volume exhibited mild declines and growths until a sharp drop in 2020 due to the pandemic's impact. Post-2020, there has been a notable recovery, culminating in a value of 6.24 million metric tons in 2023, reflecting a 21.62% year-on-year increase. Forecasts indicate a steady growth trajectory with a forecasted CAGR of 3.13% from 2024 to 2028, culminating in a projected volume of 7.6 million metric tons by 2028.
Future trends to watch for:
- Fluctuations in global oil prices.
- Advancements in fuel efficiency and alternative fuels.
- Regulatory changes impacting aviation emissions.
- Post-pandemic recovery of the travel industry.
