Aviation Fuel Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The Report Covers Aviation Fuel Market Size & Share and It is Segmented by Fuel Type (Aviation Turbine Fuel (JetA, JetA-1, and JetB), Aviation Biofuel, and AVGAS), End-User (Commercial, Defense, and General Aviation), Geography (North America, Europe, Asia-Pacific, South America, and Middle-East and Africa). The Market Size and Forecasts are Provided in Terms of Value in USD for all the Above Segments.

Aviation Fuel Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

Aviation Fuel Market Size

Aviation Fuel Market Summary
Study Period 2019 - 2030
Market Size (2025) USD 212.01 Billion
Market Size (2030) USD 302.81 Billion
CAGR (2025 - 2030) 7.39 %
Fastest Growing Market Asia Pacific
Largest Market Asia-Pacific
Market Concentration Low

Major Players

Aviation Fuel Market Major Players

*Disclaimer: Major Players sorted in no particular order

Compare market size and growth of Aviation Fuel Market with other markets in Energy & Power Industry

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Aviation Fuel Market Analysis

The Aviation Fuel Market size is estimated at USD 212.01 billion in 2025, and is expected to reach USD 302.81 billion by 2030, at a CAGR of 7.39% during the forecast period (2025-2030).

The aviation fuel industry is undergoing a significant transformation driven by evolving market dynamics and technological advancements. Airlines worldwide are increasingly focusing on fleet modernization and expansion to meet growing travel demands. This trend is evidenced by major developments such as Qatar Airways' January 2024 order for 34 Boeing 777X aircraft, along with options for 16 more jets and additional orders for current 777 freighter models. The industry's commitment to modernization is further demonstrated by Kuwait Airways' expanded USD 6 billion deal with Airbus for 31 planes, announced in early 2024, showcasing the robust demand for new aircraft despite market challenges.


Sustainable aviation fuel (SAF) has emerged as a cornerstone of the industry's environmental strategy, with significant investments and partnerships reshaping the market landscape. In December 2023, Aemetis signed a groundbreaking agreement to purchase a 125-acre former U.S. Army facility to produce 90 million gallons of sustainable aviation fuel annually, demonstrating the industry's commitment to scaling up SAF production. The transition towards sustainable fuels is gaining momentum, with major airlines increasingly incorporating SAF into their operations and forming strategic partnerships with fuel producers to secure long-term supply agreements.


The industry is witnessing a notable shift in infrastructure development and operational efficiency improvements. Major airports worldwide are expanding their fuel storage and distribution capabilities to accommodate growing demand and support the integration of the sustainable aviation fuel market. For instance, Egypt's Ministry of Planning submitted an economic and social development plan to parliament in October 2023, outlining significant investments in aviation infrastructure, including the construction of a new airport terminal with an annual capacity of approximately four million passengers at Alexandria's Borg Al Arab airport.


Technological innovation continues to drive efficiency improvements in fuel management and distribution systems. Fixed-base operators (FBOs) are increasingly adopting advanced digital solutions for fuel management, with companies implementing sophisticated software platforms for real-time monitoring and optimization of fuel operations. This digital transformation is complemented by the development of new fuel storage and handling technologies, enabling more efficient and environmentally conscious operations across the aviation fuel supply chain. The industry's focus on innovation is particularly evident in the emergence of new fuel payment and management systems, with major fuel suppliers introducing advanced digital platforms to streamline operations and enhance customer service.

Segment Analysis: Fuel Type

Air Turbine Fuel (ATF) Segment in Aviation Fuel Market

The Air Turbine Fuel (ATF) segment dominates the global aviation fuel market, accounting for approximately 96% of the total market share in 2024. This segment includes various grades like Jet A, Jet A-1, and Jet B fuels that are widely used across commercial, military, and general aviation sectors. The dominance of ATF can be attributed to its established infrastructure, widespread availability, and compatibility with existing aircraft engines. Major oil companies like ExxonMobil, Shell, and BP continue to be the primary suppliers of ATF, maintaining extensive distribution networks across major airports globally. The segment's strong position is further reinforced by the stringent quality standards and specifications that these fuels must meet, including those set by ASTM International and defense standards for military applications. The aviation turbine fuel, often compared in discussions of jet fuel versus kerosene, remains a critical component of the aviation industry.

Market Analysis of Aviation Fuel Market: Chart for Fuel Type

Aviation Biofuel Segment in Aviation Fuel Market

The Aviation Biofuel segment is experiencing rapid growth in the aviation fuel market, driven by increasing environmental concerns and regulatory pressures to reduce carbon emissions. Airlines and military organizations worldwide are increasingly adopting sustainable aviation fuels (SAF) as part of their commitment to reducing their carbon footprint. Companies like Neste OYJ, Swedish Biofuels AB, and Red Rock Biofuels are at the forefront of developing and commercializing various biofuel technologies. The segment's growth is supported by significant investments in research and development, expanding production capacities, and growing partnerships between biofuel producers and airlines. Additionally, government initiatives and mandates promoting the use of sustainable aviation fuels are creating favorable conditions for market expansion.

Remaining Segments in Fuel Type Segmentation

The AVGAS (Aviation Gasoline) segment, while smaller in market share, continues to play a crucial role in serving specific aviation needs, particularly in the general aviation sector. This fuel type is essential for piston-engine aircraft, including small private planes, training aircraft, and certain specialized applications. Despite its limited market share, AVGAS maintains its importance in regions with significant general aviation activities. The segment faces challenges from environmental regulations, particularly regarding lead content, leading to ongoing research and development efforts to produce unleaded alternatives that maintain the necessary performance characteristics for piston engines. The aviation gasoline, known as avgas, is critical for these applications, with ongoing innovations in types of avgas to meet environmental standards.

Segment Analysis: Application

Commercial Segment in Aviation Fuel Market

The commercial aviation segment maintains its dominant position in the global aviation fuel market, accounting for approximately 92% of the total market share in 2024. This substantial market share is primarily driven by the increasing air passenger traffic across major aviation hubs globally, particularly in regions like Asia-Pacific and North America. The segment's growth is further supported by the expansion of airline fleets, with major carriers investing in new, fuel-efficient aircraft to meet rising travel demands. Additionally, the recovery of international travel routes and the emergence of new regional carriers, especially in developing economies, continue to fuel the demand for aviation fuel in the commercial sector.

Defense Segment in Aviation Fuel Market

The defense segment is projected to exhibit the strongest growth in the aviation fuel market during the forecast period 2024-2029. This accelerated growth is primarily attributed to increasing military modernization programs across major economies, particularly in regions like Asia-Pacific and the Middle East. The segment's expansion is further driven by rising defense budgets, ongoing geopolitical tensions, and the procurement of new military aircraft by various nations. The adoption of advanced military aircraft and the increasing frequency of military exercises and operations are also contributing to the segment's growth trajectory. Additionally, several countries are focusing on strengthening their air defense capabilities through the acquisition of new fighter jets and military transport aircraft, further driving the demand for aviation fuel in this segment.

Remaining Segments in Aviation Fuel Market

The general aviation segment, while smaller in market share, plays a crucial role in the aviation fuel market dynamics. This segment encompasses private aviation, charter services, agricultural aviation, and emergency medical services. The segment's impact on the market is particularly significant in regions with high concentrations of private wealth and business aviation activities, such as North America and Europe. The growing adoption of private jet services for business travel, increasing demand for air ambulance services, and the expansion of flight training activities contribute to the segment's steady presence in the market. Furthermore, the segment's diverse applications across various industries, from aerial photography to crop dusting, ensure its continued relevance in the overall aviation fuel market landscape.

Aviation Fuel Market Geography Segment Analysis

Aviation Fuel Market in North America

North America represents a dominant force in the global aviation fuel market, characterized by extensive air travel infrastructure and high commercial aviation activity. The region's market is primarily driven by the United States and Canada, with both countries demonstrating strong commercial aviation sectors. The presence of major airlines, extensive airport networks, and significant military aviation operations contributes to the robust demand for aviation fuel across the region. The market benefits from advanced fuel distribution networks, strategic partnerships between fuel suppliers and airlines, and ongoing initiatives to adopt sustainable aviation fuels.

Market Analysis of Aviation Fuel Market: Forecasted Growth Rate by Region

Aviation Fuel Market in United States

The United States maintains its position as the largest aviation fuel market in North America, supported by its extensive network of airports, diverse airline operations, and significant military aviation activities. The country's aviation infrastructure includes numerous international hubs and regional airports, serving both domestic and international routes. The commercial aviation sector dominates the market, followed by military aviation and general aviation segments. With approximately 65% share of the North American market in 2024, the United States continues to lead in jet fuel consumption, driven by major carriers operating large aircraft fleets and increasing air passenger traffic across domestic and international routes.

Aviation Fuel Market Growth Dynamics in United States

The United States is also experiencing the fastest growth in the North American region, with a projected growth rate of approximately 8% during 2024-2029. This growth is driven by increasing air travel demand, expansion of airline fleets, and rising adoption of sustainable aviation fuels. The country's aviation sector is witnessing significant investments in infrastructure development, modernization of existing facilities, and implementation of advanced fuel management systems. The growth is further supported by increasing military aviation activities and the expanding general aviation sector, particularly in business and private aviation segments.

Aviation Fuel Market in Asia-Pacific

The Asia-Pacific region represents a dynamic and rapidly evolving aviation fuel market, characterized by diverse aviation sectors across multiple countries, including China, Japan, India, Australia, and New Zealand. The region's market is driven by increasing air passenger traffic, expanding airline fleets, and growing military aviation activities. The emergence of low-cost carriers, a rising middle-class population, and a growing tourism sector contribute significantly to the market's expansion. The region demonstrates strong potential for sustainable aviation fuels, with several countries implementing supportive policies and initiatives.

Aviation Fuel Market in China

China stands as the largest aviation fuel market in the Asia-Pacific region, supported by its extensive domestic aviation network and growing international connectivity. The country's aviation sector is characterized by robust growth in both passenger and cargo segments, with major investments in airport infrastructure and fleet expansion. With approximately 34% share of the Asia-Pacific market in 2024, China's dominance is reinforced by its large commercial aviation sector, expanding military aviation activities, and growing general aviation segment.

Aviation Fuel Market Growth Dynamics in China

China demonstrates the highest growth potential in the Asia-Pacific region, with an expected growth rate of approximately 14% during 2024-2029. The country's aviation sector is undergoing rapid expansion, driven by increasing domestic air travel demand and growing international routes. The growth is supported by significant investments in airport infrastructure, fleet modernization programs, and the government's focus on developing the aviation industry. The expansion of low-cost carriers and the rising adoption of sustainable aviation fuels further contribute to this growth trajectory.

Aviation Fuel Market in Europe

The European aviation fuel market demonstrates a mature and well-established structure, encompassing major aviation hubs across the United Kingdom, Germany, France, Spain, and Russia. The region's market is characterized by strong environmental regulations, advanced infrastructure, and significant focus on sustainable aviation fuels. The commercial aviation sector dominates the market, supported by extensive international and domestic air travel networks. The United Kingdom emerges as the largest market in the region, while also showing the fastest growth potential among European countries.

Aviation Fuel Market in United Kingdom

The United Kingdom maintains its position as the largest aviation fuel market in Europe, supported by its strategic location, major international airports, and diverse aviation activities. The country's market is characterized by a strong commercial aviation sector, significant military operations, and growing adoption of sustainable aviation fuels. The presence of major airlines and extensive international connectivity contributes to its market leadership.

Aviation Fuel Market Growth Dynamics in United Kingdom

The United Kingdom demonstrates the strongest growth potential in the European region, driven by increasing air travel demand and expansion of airline operations. The country's aviation sector benefits from ongoing infrastructure developments, modernization of existing facilities, and growing focus on sustainable aviation practices. The growth is supported by both commercial and military aviation segments, along with increasing adoption of alternative fuels.

Aviation Fuel Market in South America

The South American aviation fuel market encompasses key countries, including Brazil, Argentina, and Colombia, with Brazil emerging as both the largest and fastest-growing market in the region. The market is characterized by growing domestic air travel, expanding international connectivity, and modernization of aviation infrastructure. The region's aviation sector faces unique challenges and opportunities, influenced by economic conditions, tourism growth, and increasing focus on sustainable aviation practices.

Aviation Fuel Market in Middle East

The Middle Eastern aviation fuel market is distinguished by its strategic location as a global aviation hub, with the United Arab Emirates, Saudi Arabia, and Qatar playing pivotal roles. The UAE stands out as both the largest and fastest-growing market in the region, supported by its world-class aviation infrastructure and major international carriers. The region's market benefits from significant investments in airport infrastructure, a growing tourism sector, and expanding airline fleets.

Aviation Fuel Market in Africa

The African aviation fuel market encompasses diverse markets, including South Africa, Egypt, and Morocco, with varying levels of aviation infrastructure development. South Africa represents the largest market in the region, while Egypt shows the fastest growth potential. The market is characterized by increasing regional connectivity, a growing tourism sector, and ongoing infrastructure developments, though facing challenges in terms of distribution networks and infrastructure limitations.

Aviation Fuel Industry Overview

Top Companies in Aviation Fuel Market

The aviation fuel companies market is characterized by intense innovation and strategic developments among major players like Shell, ExxonMobil, BP, TotalEnergies, and other prominent companies. These industry leaders are increasingly focusing on sustainable aviation fuel (SAF) development and production capabilities, demonstrating their commitment to environmental sustainability. Companies are establishing strategic partnerships and collaborations across the value chain to strengthen their market positions and expand their geographical presence. Operational excellence is being achieved through digital transformation initiatives, including advanced supply chain management systems and automated fuel monitoring solutions. Market players are also investing in infrastructure development, particularly in emerging markets, while simultaneously upgrading existing facilities to meet evolving industry standards and customer requirements.

Consolidated Market with Strong Regional Players

The aviation fuel industry exhibits a relatively consolidated structure dominated by multinational oil and gas conglomerates with integrated operations across the value chain. These major players leverage their extensive distribution networks, established infrastructure, and strong financial capabilities to maintain their market positions. Regional players, particularly in Asia-Pacific and the Middle East, have gained significant market share through government support and strategic partnerships with international airlines. The market has witnessed numerous strategic collaborations and joint ventures, particularly in the sustainable aviation fuel segment, as companies aim to share technological expertise and reduce development costs.


The industry is experiencing a gradual shift from traditional market dynamics as new entrants, particularly in the renewable aviation fuel segment, challenge established players. Merger and acquisition activities are primarily focused on expanding geographical presence and acquiring technological capabilities, especially in sustainable aviation fuel production. Fixed Base Operators (FBOs) are increasingly becoming attractive targets for acquisition as larger players seek to strengthen their airport presence and service capabilities. The market also sees strategic alliances between fuel suppliers and aviation service providers to offer comprehensive solutions to customers.

Innovation and Sustainability Drive Future Success

Success in the aviation fuel market increasingly depends on companies' ability to develop and commercialize sustainable aviation fuel solutions while maintaining cost competitiveness. Incumbent players must focus on modernizing their infrastructure, expanding their renewable fuel production capabilities, and strengthening their distribution networks to maintain their market positions. Digital transformation initiatives, including advanced analytics and automated fuel management systems, are becoming crucial for operational efficiency. Companies must also develop strong relationships with airlines and airport authorities while ensuring compliance with evolving environmental regulations.


New entrants and challenger companies can gain market share by focusing on niche segments, particularly in the sustainable aviation fuel market, and developing innovative production technologies. Strategic partnerships with established players for distribution and infrastructure access can help overcome entry barriers. Companies must also consider the high concentration of airline customers and their significant bargaining power while developing their market strategies. The regulatory environment, particularly regarding carbon emissions and sustainable fuel mandates, will continue to shape market dynamics and create opportunities for companies with strong environmental credentials. Risk management capabilities, including hedging against fuel price volatility and maintaining supply chain resilience, will remain critical success factors.

Aviation Fuel Market Leaders

  1. BP PLC

  2. Exxon Mobil Corporation

  3. TotalEnergies SE

  4. Chevron Corporation

  5. Shell Plc

  6. *Disclaimer: Major Players sorted in no particular order
Aviation Fuel Market Concentration
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Aviation Fuel Market News

  • April 2023: Using domestically developed technology that utilizes cooking oil and oil-bearing plant seeds, a bio-jet fuel, commonly referred to as sustainable aviation fuel (SAF), is anticipated to obtain international certification this year. This certification would enable the SAF to be utilized in commercial flights within India. To facilitate the production of SAF, the Indian Institute of Petroleum (IIP), a laboratory under the Council of Scientific and Industrial Research (CSIR), has collaborated with prominent entities such as Boeing, Indigo, Spicejet, Air India, Vistara, Air Asia India.
  • February 2023: Boeing has secured agreements to procure 5.6 million gallons (21.2 million liters) of blended sustainable aviation fuel (SAF) from Neste, the foremost producer of SAF globally. This procurement is aimed at supporting Boeing's U.S. commercial operations until 2023. These agreements mark a significant increase, doubling the company's SAF procurement compared to the previous year.

Aviation Fuel Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Scope of the Study
  • 1.2 Market Definition
  • 1.3 Study Assumptions

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET OVERVIEW

  • 4.1 Introduction
  • 4.2 Market Size and Demand Forecast in USD, till 2028
  • 4.3 Recent Trends and Developments
  • 4.4 Government Policies and Regulations
  • 4.5 Market Dynamics
    • 4.5.1 Drivers
    • 4.5.1.1 Increasing Air Travel Demand
    • 4.5.1.2 Expanding Airline Fleet
    • 4.5.2 Restraints
    • 4.5.2.1 Volatile Crude Oil Prices
  • 4.6 Supply Chain Analysis
  • 4.7 Porter's Five Forces Analysis
    • 4.7.1 Bargaining Power of Suppliers
    • 4.7.2 Bargaining Power of Consumers
    • 4.7.3 Threat of New Entrants
    • 4.7.4 Threat of Substitutes Products and Services
    • 4.7.5 Intensity of Competitive Rivalry

5. MARKET SEGMENTATION

  • 5.1 Fuel Type
    • 5.1.1 Air Turbine Fuel
    • 5.1.1.1 Jet A-1
    • 5.1.1.2 Jet A
    • 5.1.1.3 Jet B
    • 5.1.2 Aviation Biofuel
    • 5.1.3 AVGAS
  • 5.2 End-User
    • 5.2.1 Commercial
    • 5.2.2 Defence
    • 5.2.3 General Aviation
  • 5.3 Geography (Regional Market Analysis {Market Size and Demand Forecast till 2028 (for regions only)})
    • 5.3.1 North America
    • 5.3.1.1 United States
    • 5.3.1.2 Canada
    • 5.3.1.3 Rest of North America
    • 5.3.2 Europe
    • 5.3.2.1 Germany
    • 5.3.2.2 United Kingdom
    • 5.3.2.3 France
    • 5.3.2.4 Russia
    • 5.3.2.5 Rest of Europe
    • 5.3.3 Asia-Pacific
    • 5.3.3.1 China
    • 5.3.3.2 India
    • 5.3.3.3 Japan
    • 5.3.3.4 South Korea
    • 5.3.3.5 Rest of Asia-Pacific
    • 5.3.4 South America
    • 5.3.4.1 Brazil
    • 5.3.4.2 Argentina
    • 5.3.4.3 Chile
    • 5.3.4.4 Rest of South America
    • 5.3.5 Middle-East and Africa
    • 5.3.5.1 Saudi Arabia
    • 5.3.5.2 United Arab Emirates
    • 5.3.5.3 Egypt
    • 5.3.5.4 South Africa
    • 5.3.5.5 Rest of Middle-East and Africa

6. COMPETITIVE LANDSCAPE

  • 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
  • 6.2 Strategies Adopted by Leading Players
  • 6.3 Company Profiles
    • 6.3.1 Exxon Mobil Corporation
    • 6.3.2 Chevron Corporation
    • 6.3.3 Shell Plc.
    • 6.3.4 TotalEnergies SE
    • 6.3.5 BP Plc
    • 6.3.6 Gazprom Neft' PAO
    • 6.3.7 Neste Oyj
    • 6.3.8 Swedish Biofuels AB
    • 6.3.9 Red Rock Biofuels LLC
    • 6.3.10 Abu Dhabi National Oil Company
    • 6.3.11 Bharat Petroleum Corp. Ltd.
    • 6.3.12 Indian Oil Corporation Ltd.
    • 6.3.13 Emirates National Oil Company
    • 6.3.14 Valero Energy Corporation
    • 6.3.15 Allied Aviation Services Inc.
  • *List Not Exhaustive

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

  • 7.1 Biofuels and Sustainable Alternatives
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Aviation Fuel Industry Segmentation

Aviation fuel, also known as aviation gasoline (avgas) or jet fuel, is a specialized type of fuel specifically formulated for use in aircraft. It is a highly refined petroleum product designed to meet aircraft engines' specific requirements and performance characteristics.

The aviation fuel market is segmented based on fuel type, end-user, and geography. By fuel type, the market is segmented into aviation turbine fuel (jetA, jetA-1, and jetB), aviation biofuel, and AVGAS. By end-user, the market is segmented into commercial, defense, and general aviation. The report also covers the market size and forecasts for the aviation fuel market across major regions. The report offers the market size in value terms in USD for all the abovementioned segments.

Fuel Type Air Turbine Fuel Jet A-1
Jet A
Jet B
Aviation Biofuel
AVGAS
End-User Commercial
Defence
General Aviation
Geography (Regional Market Analysis {Market Size and Demand Forecast till 2028 (for regions only)}) North America United States
Canada
Rest of North America
Europe Germany
United Kingdom
France
Russia
Rest of Europe
Asia-Pacific China
India
Japan
South Korea
Rest of Asia-Pacific
South America Brazil
Argentina
Chile
Rest of South America
Middle-East and Africa Saudi Arabia
United Arab Emirates
Egypt
South Africa
Rest of Middle-East and Africa
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Aviation Fuel Market Research FAQs

How big is the Aviation Fuel Market?

The Aviation Fuel Market size is expected to reach USD 212.01 billion in 2025 and grow at a CAGR of 7.39% to reach USD 302.81 billion by 2030.

What is the current Aviation Fuel Market size?

In 2025, the Aviation Fuel Market size is expected to reach USD 212.01 billion.

Who are the key players in Aviation Fuel Market?

BP PLC, Exxon Mobil Corporation, TotalEnergies SE, Chevron Corporation and Shell Plc are the major companies operating in the Aviation Fuel Market.

Which is the fastest growing region in Aviation Fuel Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2025-2030).

Which region has the biggest share in Aviation Fuel Market?

In 2025, the Asia-Pacific accounts for the largest market share in Aviation Fuel Market.

What years does this Aviation Fuel Market cover, and what was the market size in 2024?

In 2024, the Aviation Fuel Market size was estimated at USD 196.34 billion. The report covers the Aviation Fuel Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Aviation Fuel Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

Aviation Fuel Market Research

Mordor Intelligence offers a comprehensive analysis of the aviation fuel market. We leverage decades of expertise in tracking aviation fuel industry dynamics. Our extensive research covers a wide range of fuels, including aviation turbine fuel, AVGAS, and emerging segments in the sustainable aviation fuel market. The report provides detailed insights into aviation fuel composition, supply chains, and the growing presence of aviation fuel companies. This includes specialized aviation fuel companies in India. Our analysis encompasses patterns of global jet fuel demand and aircraft fuel consumption trends across both commercial and military sectors.

Stakeholders gain valuable insights through our detailed analysis of the jet fuel market size and aviation fuel market forecast projections. The report, available as an easy-to-download PDF, includes comprehensive specifications on jet fuel composition, data on the jet fuel demand forecast, and scenarios for the global sustainable aviation fuel market forecast. We provide actionable intelligence on trends in the jet fuel price forecast 2024, enabling informed decision-making for industry participants. Our research particularly emphasizes the emerging global aircraft alternative fuels market size and its impact on traditional fuel markets. This is supported by robust aviation fuel price forecast models and regional market assessments.