Based on the forecasted data for South Africa's fuel exports from 2024 to 2028, the value is expected to show a slight yet consistent increase. In 2023, the value of fuel exports stood at around 10.86% of Goods Exports. Year-on-year variations indicate that the increases are marginal, roughly between 0.27% to 0.31%. The compound annual growth rate (CAGR) over the five-year period from 2023 to 2028 is approximately 0.22%.
Trends to watch for in the future include potential fluctuations in global fuel demand, which could impact export volumes and values. Additionally, shifts in energy policies, advancements in renewable energy, and South Africa's own economic conditions will play a critical role in shaping the fuel export landscape.
