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Taiwan Bunker Fuel Market revenue is projected to grow at a CAGR of 7.0% during 2025E-2031

The Container ships segment by Vessel Type held the highest revenue share in Taiwan Bunker Fuel Market -ÂÌñÉç

“Container ships secured the highest revenue share in 2024, driven by the high volume of international trade and increased global shipping activity in 2024. Taiwan’s ports, particularly Kaohsiung and Taichung, handle a significant portion of the regional containerized cargo, with Kaohsiung alone accounting for country’s total cargo volume in 2023. The high operational hours of container vessels, combined with their significant fuel consumption, solidify container ships as the top revenue-generating vessel type in the bunker fuel sector.”

According to ÂÌñÉç, the Taiwan Bunker Fuel Market revenue is projected to grow at a CAGR of 7% during 2025E-2031F.  Taiwan’s bunker fuel market is poised for sustained growth and diversification in response to evolving environmental policies and regional competition. Strategic initiatives, such as CPC’s long-term LNG supply agreements with Woodside Energy and the government-backed green port initiatives, underscore a significant shift towards cleaner energy sources. These developments are expected to drive increased demand for LNG and biofuel bunker fuels. Notably, CPC has secured a contract of LNG from Woodside Energy, with an additional option for extending through 2043, further cementing Taiwan's commitment to sustainable energy.

Moreover, ongoing sustainability efforts, such as adherence to the International Maritime Organization’s (IMO) decarbonization goals, which aim to reduce port emissions, are likely to accelerate the need for higher volumes of low-carbon fuels. Projections indicate that by 2050, methanol-powered ships would account for global fleet tonnage, with ammonia-powered vessels, thereby contributing to market expansion.

According to Shubham Deep, Senior Research Analyst, ÂÌñÉç, Commercial shipping, which includes bulk carriers, oil tankers, and container ships, remains the dominant revenue-generating segment for Taiwan’s bunker fuel market due to the sheer scale of international and regional maritime trade. Commercial vessels represent the largest consumer of marine fuels, especially VLSFO and MGO, as these fuels meet the regulatory needs and operational demands of various vessel types. The bulk carrier and container ships segments in particular see significant fuel consumption due to long voyages and high fuel needs, ensuring commercial shipping’s sustained dominance in the market’s revenue structure.

Taiwan Bunker Fuel Market (2025-2031) report provides an in-depth analysis with 19 figures and 5 tables, covered in 69 pages. The report thoroughly covers market by service model, deployment model, organization size and end user. Taiwan Bunker Fuel Market outlook report provides an unbiased and detailed analysis of the on-going Taiwan Bunker Fuel Market trends, opportunities/high growth areas and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.