Between 2013 and 2023, motor fuel deliveries to the road sector in Australia demonstrated moderate growth. Specifically, 2020 saw a notable dip due to the global pandemic (-5.15%), but the sector rebounded in subsequent years. In 2023, the value stood at 38.89 million metric tons. Year-on-year variation was 1.05%. The past five years' CAGR reflects a slow growth rate: averaging at 0.39%.
Looking forward, from 2024 onwards, motor fuel deliveries are expected to continue their growth albeit at a conservative rate. By 2028, this is forecasted to reach 41.22 million metric tons, exhibiting an average annual growth rate of 0.92% and an overall 5-year growth rate of 4.66%.
Future trends to watch for:
- Transition to electric vehicles (EVs) which may slow or reverse growth in motor fuel demand.
- Potential regulatory changes aimed at reducing carbon emissions affecting fuel consumption patterns.
- Technological advancements in alternative fuels that could impact traditional motor fuel consumption.
- Fluctuations in international crude oil prices that directly impact fuel costs and consumption.
