Hydrocarbons & Petroleum Products · Direct
Monitoring · monthlyProcurement Category Intelligence
Bunker Fuel - HSFO
Overview
Market size
$95,200
global, USD
CAGR
2.3%
base to forecast
Buyer power
-2.5
supplier-favoured
Suppliers
7
tracked players
Signals
12
1 high severity
Market outlook
2031$106663
What changed
Demand by region
Asia Pacific demand45%
Europe demand20%
Middle East & Africa demand18%
North America demand12%
Rest of world demand5%
share of global demandtotal 100%
Cost drivers
Crude oil feedstock and refining cost70%
Port handling and bunkering logistics12%
Blending, storage, and inventory management10%
Marine freight and distribution5%
Environmental compliance and testing3%
share of delivered cost (analyst estimate)