Market Size of Middle-East and Africa Aviation Fuel Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | > 13.00 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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MEA Aviation Fuel Market Analysis
The aviation fuel market in the Middle East and Africa is anticipated to register a CAGR of more than 13% during the forecast period.
The market was negatively impacted by the outbreak of COVID-19 due to regional lockdowns and flight restrictions. Currently, the market has reached pre-pandemic levels.
- The increasing number of air passengers, on account of the cheaper airfare in recent times, stronger economic conditions, and increasing disposable income, are among the major driving factors for the market. Ongoing and upcoming fighter jet deals in different countries in the region are also expected to increase aviation fuel demand further.
- However, the high and volatile cost of aviation fuel is expected to restrain the market.
- Countries in the Middle-Eastern region need over 2,600 new aircraft in the next 20 years to cater to the increasing number of air travelers in the region. With this large-scale, opportunities are expected for the aviation fuel market players.
- With the largest market size in the Middle East and Africa, the United Arab Emirates is leading the market in the region and is likely to continue its dominance.
