Bunker fuel sales at Spanish ports in September 2023 reached 938,000 tons, marking an 18% increase compared to the same period last year. This increase is particularly due to significant growth at the Port of Algeciras, which alone contributed an additional 104,000 tons to this total.
New Records in Bunker Fuel Sales
This figure is considered the second highest monthly sales volume since 2020, only lower than the record of 947,000 tons in April 2024. Additionally, bunker fuel sales in Spain have been above the average sales from 2021-2025 since the beginning of this year. In September, the sales volume was 20% higher than the average for September in the years 2021 to 2025, and also increased by 5% compared to August, which was 892,000 tons.
The Role of the Port of Algeciras in the Bunker Fuel Market
The Port of Algeciras has captured the largest share of this market with 40% of total sales. In September, the sales volume at this port reached 377,000 tons, an increase of 38% compared to last year, marking the highest monthly sales since 2020. The Port of Las Palmas ranks second with 216,000 tons and a 9.8% increase compared to last year. The Port of Barcelona stands third with sales of 140,000 tons, an 18% increase compared to the previous year.
In other ports, the Port of Santa Cruz de Tenerife saw a 51% increase to 81,000 tons, while the Port of Ceuta experienced a 20% decrease to 52,000 tons, and the Port of Valencia saw a 15% decrease to 40,000 tons.
These changes reflect significant developments in the bunker fuel market in Spain and their impacts on the maritime transport industry. It seems that the increase in demand for bunker fuel this year, particularly at the Port of Algeciras, has become a sustainable trend.
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