Mexico Aviation Fuel Market

Mexico Aviation Fuel Market Overview:

The Mexico aviation fuel market size reached USD 3.97 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 5.99 Billion by 2033, exhibiting a growth rate (CAGR) of 4.20% during 2025-2033. The market is driven by rising air travel demand, fueled by low-cost carrier expansion and increasing tourism. Additionally, infrastructure upgrades and strategic partnerships with fuel suppliers enhance distribution efficiency. Government policies promoting sustainable aviation fuel (SAF) and global decarbonization mandates are further expanding the Mexico aviation fuel market share.

Mexico Aviation Fuel Market Trends:

Increasing Demand for Sustainable Aviation Fuel (SAF) in Mexico

The market is experiencing a growing shift toward Sustainable Aviation Fuel (SAF) due to global sustainability mandates and airline decarbonization goals. The International Air Transport Association (IATA) has set a target for net-zero carbon emissions by 2050, prompting Mexican airlines and fuel suppliers to explore SAF blends. Mexico’s strategic location as a key aviation hub in Latin America further accelerates this trend, with major airports such as Mexico City International (AICM) and Cancún International considering SAF integration. Additionally, government policies promoting renewable energy and partnerships with biofuel producers are also supporting the Mexico aviation fuel market growth. Mexico's clean energy industry is making significant progress, with renewable resources supplying 24.1% of electricity generated in 2022, with modern renewables alone covering 12.97% of final energy consumption. Both biofuels and waste consumed 6.7% of the total energy usage in the same year, mainly used by the residential market at almost 80%. With Mexico looking to cut carbon emissions, these advancements indicate that there is huge potential for the advancement of sustainable aviation fuel (SAF) in line with global energy transition goals. Moreover, investments in bio-refineries and collaborations with international energy firms indicate a strong future for SAF in Mexico’s aviation sector, aligning with global environmental standards and reducing carbon footprints.

Expansion of Low-Cost Carriers Driving Jet Fuel Consumption

The rapid growth of low-cost carriers (LCCs) in Mexico is significantly increasing jet fuel demand. In 2023, Mexico's jet fuel consumption reached approximately 89.98 thousand barrels per day, marking a significant increase from 86.75 thousand barrels per day in 2022. Airlines such as Volaris and Viva Aerobus are expanding domestic and international routes, leveraging Mexico’s growing middle-class population and rising air travel affordability. This trend is further supported by increasing tourism, particularly in destinations including Cancún, Los Cabos, and Puerto Vallarta. As LCCs operate high-frequency, short-haul flights, their fuel consumption per passenger is higher than traditional airlines, leading to greater overall jet fuel demand. To meet this rise, Pemex and private fuel suppliers are enhancing distribution networks and storage capacities at key airports. However, fuel price volatility and reliance on U.S. imports pose supply risks. Despite these challenges, the continued expansion of budget airlines is expected to sustain robust jet fuel demand, reinforcing Mexico’s position as a key aviation market in Latin America.

Mexico Aviation Fuel Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country and regional levels for 2025-2033. Our report has categorized the market based on fuel, aircraft, and end use.

Fuel Insights:

• Jet A
• Jet A1
• Jet B
• JP 5
• JP 8
• Avgas
• Biofuel

The report has provided a detailed breakup and analysis of the market based on the fuel. This includes jet A, jet A1, jet B, JP 5, JP 8, avgas, and biofuel.

Aircraft Insights:

• Fixed Wings
• Rotorcraft
• Others

A detailed breakup and analysis of the market based on the aircraft have also been provided in the report. This includes fixed wings, rotorcraft, and others.

End Use Insights:

• Commercial
• Military
• Private
• Others

The report has provided a detailed breakup and analysis of the market based on the end use. This includes commercial, military, private, and others.

Regional Insights:

• Northern Mexico
• Central Mexico
• Southern Mexico
• Others

The report has also provided a comprehensive analysis of all the major regional markets, which include Northern Mexico, Central Mexico, Southern Mexico, and Others.

Competitive Landscape:

The market research report has also provided a comprehensive analysis of the competitive landscape. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.

Mexico Aviation Fuel Market News:

• June 12, 2024: Aeroméxico announced its plans to use sustainable aviation fuel (SAF) for 5% of its flights by 2030, with 20% of the SAF to be sourced domestically in Mexico. The airline's goal is to reach 95% SAF usage by 2050 as part of its plan to become net-zero, despite the existing prices of SAF, which are as much as three times more expensive than conventional fuel. This effort marks substantial development opportunities for the Mexican aviation fuel sector, and it drives the development of local SAF production and infrastructure.

Mexico Aviation Fuel Market Report Coverage:

Key Questions Answered in This Report:

• How has the Mexico aviation fuel market performed so far and how will it perform in the coming years?
• What is the breakup of the Mexico aviation fuel market on the basis of fuel?
• What is the breakup of the Mexico aviation fuel market on the basis of aircraft?
• What is the breakup of the Mexico aviation fuel market on the basis of end use?
• What is the breakup of the Mexico aviation fuel market on the basis of region?
• What are the various stages in the value chain of the Mexico aviation fuel market? 
• What are the key driving factors and challenges in the Mexico aviation fuel market?
• What is the structure of the Mexico aviation fuel market and who are the key players?
• What is the degree of competition in the Mexico aviation fuel market? 

Key Benefits for Stakeholders:

• IMARC’s industry report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the Mexico aviation fuel market from 2019-2033.
• The research report provides the latest information on the market drivers, challenges, and opportunities in the Mexico aviation fuel market.
• Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the Mexico aviation fuel industry and its attractiveness.
• Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.