CATEGORY

Jet Fuel

Beroe LiVE.Ai™

AI-powered self-service platform for all your sourcing decision needs across 1,200+ categories like Jet Fuel.

Market Data, Sourcing & Supplier Intelligence, and Price & Cost Benchmarking.

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Jet Fuel Market Monitoring Dashboard

Price Trend
295.69
Sep-23
USD/MT
History Forecast

Understand the correlation between costs, margins, and prices impacting your category on a real time basis on Beroe LiVE.Ai™

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Jet Fuel Industry Benchmarks

Savings Achieved

(in %)

The average annual savings achieved in Jet Fuel category is 6.31%

Payment Terms

(in days)

The industry average payment terms in Jet Fuel category for the current quarter is 49.4 days

Compare your category performance against peers and industry benchmarks across 20+ parameters on Beroe LiVE.Ai™

Category Strategy and Flexibility

Engagement Model

Supply Assurance

Sourcing Process

Supplier Type

Pricing Model

Contract Length

SLAs/KPIs

Lead Time

Supplier Diversity

Targeted Savings

Risk Mitigation

Financial Risk

Sanctions

AMEs

Geopolitical Risk

Cost Optimization

Price per Unit Competitiveness

Specification Leanness

Minimum Order Quality

Payment Terms

Inventory Control

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Meet Abi

The World’s first Digital Market Analyst

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    Meet Abi

    The World’s first Digital Market Analyst

    Abi, the AI-powered digital assistant brings together data, insights, and intelligence for faster answers to sourcing questions

    Abi is now supercharged with GPT4 AI engine. Enjoy the ease of ChatGPT, now on Abi

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    Jet Fuel Suppliers

    Jet Fuel Supplier

    Find the right-fit jet fuel supplier for your specific business needs and filter by location, industry, category, revenue, certifications, and more on Beroe LiVE.Ai™.

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    Sample Supplier
    Company
    Air Products and Chemicals Inc.
    Location
    Jackson, Mississipi
    Duns number
    3862211
    D&B SER Rating
    dnb logo

    Up to 3 months

    1 9
    2
    Low Risk High Risk

    The Supplier Evaluation Risk (SER) Rating is Dun & Bradstreet’s proprietary scoring system used to assess the probability that a business will seek relief from creditors or cease operations within the next 12 months. SER ratings range from 1 to 9, with 9 indicating the highest risk of failure. We’ve prepared an infographic to help business owners better understand what influences their SER Rating.

    Moody`s ESG Solution
    ESG Profile
    Company and Sector Performance
    56
    100
    Robust (1)
    ESG Perfomance (/100)
    Environment
    53
    Social
    55
    Governance
    65
    6 Domains Performance (/100)
    Business behaviour
    62
    Human rights
    58
    Community Environment
    46
    Corporate governance
    66
    Human resources
    51
    Security Scorecard
    89
    Threat indicators
    A
    91
    Network Security
    Detecting insecure network settings
    A
    100
    Hacker Chatter
    Monitoring hacker sites for chatter about your company
    B
    87
    DNS Health
    Detecting DNS insecure configuration and vulnerabilities
    C
    75
    Application Security
    Detecting common website application vulnerbilities
    B
    88
    Endpoint Security
    Detecting unprotected enpoints or entry points of user tools, such as desktops, laptops mobile devices, and virtual desktops
    A
    100
    Cubic Score
    Proprietary algorithms checking for implementation of common security best practices
    A
    100
    Patching Cadence
    Out of date company assets which may contain vulnerabilities of risk
    A
    100
    Social Engineering
    Measuring company awareness to a social engineering or phising attack
    A
    100
    IP Reputation
    Detecting suspecious activity, such as malware or spam, within your company network
    A
    100
    Information Leak
    Potentially confidential company information which may have been inadvertently leaked
    Industry Comparison
    airproducts.com
    Industry average
    Adverse Media Appearances
    Environmental Issues
    0
    Workforce Health Safety Issues
    0
    Product Service Issues
    5
    Human Rights Issues
    0
    Production Supply Chain Issues
    1
    Environmental Non Compliance Flags
    6
    Corruption Issues
    0
    Regulatory Non Compliance Flags
    0
    Fraud Issues
    0
    Labor Health Safety Flags
    0
    Regulatory Issues
    0
    Workforce Disputes
    0
    Sanctions
    0
    esg energy transition
    48
    Discrimination Workforce Rights Issues
    0
    esg controversies critical severity
    No

    Jet Fuel market report transcript

    Jet Fuel Global Market Outlook

    • The global demand for liquid fuel in 2020 was at 91 Mbpd, about 10 percent lower than 2019. It is expected to grow by 6 percent in 2021 and reach 96.5 Mbpd*

    • The global product demand for Jet Fuel during 2020 was 23.7 Mbpd, and it is forecasted to reach ~25.4 Mbpd by 2021

    • The demand for fuel in 2021 is likely to show some stagnancy during H1 2022, as rise in infections from the newly detected variant is expected to hinder airline industry demand

    Impact of COVID-19 on Jet Fuel Industry

    • The expectation of a fresh spread in infection is expected to loom over the demand for jet fuel for the coming 1-2 months

    • The jet fuel demand is expected to stay low in the coming months over the concern of omicron variant induced infections

    • Strict guidelines on international flight have impacted the jet fuel demand and prices, which is likely to continue for 1-2 months

    Porter’s Five Forces Analysis on Jet Fuel Industry

    Supplier Power

    • Large oil companies have direct impact on the crude oil and refined product pricings as most of the large players are vertically integrated with presence in Upstream to downstream operations

    • Oil cartel like OPEC and large producers like the U.S. and Russia have significant bargaining power over the prices of oil and its derived products like gasoline, diesel, jet fuel and kerosene, etc.

    Barriers to New Entrants

    • Huge investment in setting up plants as well as in acquiring resources

    • Most of the major oil and gas companies are state owned enterprises

    • Regulatory restrictions made by Governments

    • High geopolitical influence

    Intensity of Rivalry

    • Intensity of rivalry is significantly high among the top global suppliers especially among the suppliers who are in both upstream and downstream business

    • E.g., the increased output of OPEC and the U.S. led to over supply of oil and subsequently the major price fall of oil products

    Threat of Substitutes

    • Aviation gasoline is an alternate jet fuel to jet kerosene.

    • However, the impact of aviation gasoline on jet fuel is low as both the fuels are used in different models of aircraft

    • The higher blends of SAF and other innovative energy technologies like hydrogen, are still under infancy stage pose a threat to jet fuel

    Buyer Power

    • Bargaining power of aviation fuel buyers is usually on the low-medium side

    • Large fuel consuming airlines have direct contract with Oil marketing Companies and have volume based negotiations

    • Location of the airport and supplier presence too impacts the jet fuel buyers power, especially for low volume consumers

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