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We all know that fuel is a key energy source for the functioning of various industries and transportation. And two widely used fuels are petrol and diesel. Talking about diesel or diesel fuel, it was designed specifically to power diesel engines in ships and vehicles. This refined distillate fuel can be derived from crude oil or biomass. Earlier, other fuels like crude oil, kerosene, and gasoline were used for diesel engines. But now, diesel fuel has become a specialized alternative as it is more refined and thicker. In fact, diesel is more cost-effective than gasoline.
Undeniably, diesel plays a crucial role in the transportation sector, especially in urban mobility. Over the years, increased vehicle deployment (because of industrialization and urbanization) has led to a rise in diesel consumption. Most of the public and private vehicles, including trucks, railways, buses, and tractors, run on diesel fuel. Thus, it is an important trading commodity for both diesel importers and exporters.
The increasing energy demand that arises due to industrial development and population growth is the key driver for the diesel fuel market. From transportation to power generation, diesel's rising popularity in international trade is a result of its efficiency and versatility across various sectors. Here is how diesel fuel trade impacts the global economy:
For your information, the biggest global diesel importers are Ukraine, Russia, and India (Source: Volza). Here's the average estimated diesel price in these high-demand markets.
Source: IRU
(Note: The above data is subject to change and may be updated over time).
The widespread use of diesel for core industrial needs offers prosperous future opportunities in the trade market. Diesel buyers actively look for trusted suppliers who can meet the required quality, quantity, and regulatory needs. There is an interplay of various factors that influence the market size of diesel. These factors comprise industrialization, transportation demand, economic growth, technological advancements, geopolitical events, and government regulations. Let's have a look at the growing global market size for this essential commodity.
Source: Business Research Insights
Diesel comes in many types and grades, and each type has its own specific properties and uses. Major diesel types include clear diesel (used in on-road vehicles), dyed diesel (called off-road diesel), synthetic diesel (produced from natural gas), and biodiesel (renewable fuel). There is one more type of diesel called ULSD (Ultra-Low Sulfur Diesel), which helps reduce emissions with a very low sulfur content. If you are looking to expand your diesel export business, you should know that diesel EN 590 is considered the benchmark for fuel quality. It is the European standard specification for automotive diesel. This ULSD was introduced to lower emissions and enhance engine performance.
Now that you know about the major types of diesel, here are the two high-demand diesel-powered equipment in the trade business.
The growing global fuel needs present a profitable opportunity for you in the export business. However, you may get stuck when it comes to finding verified diesel fuel buyers for international trade. But fret not! Visit go4WorldBusiness.com to connect with potential buyers or importers and trade with confidence!
Whether you are a seasoned exporter looking to expand into new regions or a first-time diesel exporter, go4WorldBusiness is your trusted B2B platform and trade guide! Click here to directly access the diesel buyers list.
1. Who is the largest supplier of diesel?
China is the largest supplier of diesel.
2. Who is bulk consumer of diesel?
The United States is the bulk consumer of diesel.
3. What is the difference between D2 and EN590?
D2 and EN590 differ in terms of their properties, applications, and environmental impacts. EN590 is a low-sulfur diesel fuel, while D2 is a regular diesel with a higher sulfur content.
4. What is the HS code for diesel EN590?
27101930 is the HS code for EN 590 diesel.
5. What is EN590 diesel?
EN590 diesel is a type of ultra-low sulfur diesel (ULSD), defined as the European standard for automotive diesel fuel.
6. What is Euro 5 EN590 diesel?
It is a diesel fuel type that complies with Euro 5 emission standards, established by the European Union and other European countries.
Click here to know more about diesel related Q&A.
