Jet Kerosene Prices In India
- India: 1155 USD/MT
The price of jet kerosene in India has reached 1155 USD/MT in the fourth quarter of 2023.
The latest report by IMARC Group, titled "Jet Kerosene Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data," provides a thorough examination of the Jet Kerosene Prices. This report delves into the price of Jet Kerosene globally, presenting a detailed analysis, along with informative Price Chart. Through comprehensive Price analysis, the report sheds light on the key factors influencing these trends. Additionally, it includes historical data to offer context and depth to the current pricing landscape. The report also explores the Demand, analyzing how it impacts market dynamics. To aid in strategic planning, the price forecast section provides insights into price forecast, making this report an invaluable resource for industry stakeholders.
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The study delves into the factors affecting Jet Kerosene price variations, including alterations in the cost of raw materials, the balance of supply and demand, geopolitical influences, and sector-specific developments.
The report also incorporates the most recent updates from the market, equipping stakeholders with the latest information on market fluctuations, regulatory modifications, and technological progress. It serves as an exhaustive resource for stakeholders, enhancing strategic planning and forecast capabilities.
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Jet Kerosene Price Trend Last Quarter
The jet kerosene market is primarily driven by the booming aviation industry, fueled by increasing air travel demand and expanding airline networks worldwide. The rapid growth of low-cost carriers, like Asia-Pacific and the Middle East, has significantly increased the frequency and reach of air travel, boosting the consumption of jet fuel. Additionally, the post-pandemic recovery has seen a resurgence in both domestic and international travel, further propelling the demand for jet kerosene.
The rise in e-commerce has led to an increase in air cargo transportation, which also relies heavily on jet fuel. Moreover, ongoing technological advancements in aircraft design, focusing on fuel efficiency while promoting sustainability, continue to drive market growth as newer, more efficient aircraft enter service. The global push towards reducing carbon emissions is prompting investments in sustainable aviation fuels (SAFs), which represent a future growth area within the jet kerosene market.
Jet Kerosene Industry Analysis
The global jet kerosene market size reached US$ 463.5 Billion in 2023. By 2032, IMARC Group expects the market to reach US$ 736.5 Billion, at a projected CAGR of 5.30% during 2023-2032. The jet kerosene market in North America witnessed a decline in the fourth quarter of 2023 due to volatile global crude oil prices. Fluctuations in crude oil directly affected production costs, prompting necessary price adjustments. Concerns over supply disruptions eased, but demand worries persisted, dampening market sentiment further.
Moreover, with increasing trading activities in the USA during November, prices remained undisturbed. International demand, notably from India, remained low due to cheaper imports. Meanwhile, the APAC region experienced a downturn due to volatile global crude oil prices. Also, the fluctuations in crude oil directly affected jet kerosene production costs, prompting price adjustments.
November saw a significant drop in crude oil prices, while the easing of US sanctions on Venezuela facilitated cheaper crude imports for Indian refiners. Besides this, with the increasing trading activities in India, jet kerosene prices unexpectedly eased due to these cheaper imports. Along with this, the European jet kerosene market saw a decline due to global crude oil price volatility.
Fluctuations in crude oil directly affected jet kerosene production costs, prompting price adjustments. November witnessed a notable drop in crude oil prices, while the easing of US sanctions on Venezuela provided European refiners with access to cheaper crude, potentially reshaping import patterns. The de-escalation of concerns over Israel-Hamas conflict disruptions further dampened market sentiment.
Regional Price Analysis:
- Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand.
- Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland, Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece.
- North America: United States and Canada.
- Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru.
- Middle East Africa: Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco.
Note: The current country list is selective, detailed insights into additional countries can be obtained for clients upon request.
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