Hydrocarbons & Petroleum Products · Direct
Monitoring · monthlyProcurement Category Intelligence
Bunker Fuel - VLSFO
Overview
Market size
$120.0B
global, USD
CAGR
3.2%
base to forecast
Buyer power
-2.4
supplier-favoured
Suppliers
10
tracked players
Signals
12
2 high severity
Market outlook
2031$140.5B
What changed
Demand by region
Asia Pacific demand45%
Europe demand22%
North America demand15%
Middle East & Africa demand11%
Rest of world demand7%
share of global demandtotal 100%
Cost drivers
Crude oil feedstock and blendstocks65%
Refining, desulfurization and processing costs15%
Logistics, marine transport and terminal storage12%
Port fees, fueling operations and supplier margin8%
share of delivered cost (analyst estimate)