Best Source for B2B Industry Trends, News and Updates
After a few years of extreme drop in flights, things are back to normal. Jet fuel consumption has started increasing again. The forecasted demand for jet fuel in the year 2023 is around80 Billiongallons and is expected to only grow more from this point. Despite its rising demand, there is still a limited number of jet fuel buyers, and the market is quite volatile in terms of prices.
Most airlines may also have specific requirements for the grade and quality you would have to fulfill. Here, we will give you an overview of how en590 buyers find look for suppliers and the important factors that influence their buying decision.
Jet Fuel is the lifeblood of the entire aviation industry. It plays a significant role in enabling aircraft to fly worldwide. As its stability and accessibility are must-have elements for global transportation, most airlines prefer to build long-term relationships with a supplier and give priority to quality grades and standards over any other factor.
The primary market of jet fuel buyers in America and Europe is based on cargo traffic and air passengers. These markets are heavily influenced by the following factors:
Travel Trends
Economic Conditions
Geopolitical Factors
As new technological advancements in aircraft are focused on fuel efficiency, this may also play a critical role in its demand in the near future.
Once you have understood the dynamics of the bulk jet fuel market, you must have a proper strategy and business plan to attract potential customers. A few B2B sites can help you find jet fuel buying leads.
You may already know aboutTradewheel.com. Businesses from different industries use it to meet their sourcing requirements. This platform is popular and commonly used among aviation companies from different countries. Thus, if you also get your jet fuel listed here, you can avail the opportunity to expand your reach to a massive market. Despite all the amazing perks they give to new sellers, you can still create your account and list all your products in only a few minutes. The platform has a complete category dedicated to energy resources including jet fuel, gasoline, or charcoal briquettes. After that, your company and products would appear for relevant searches within the platform and also on search engines like Google and Yahoo.
Purchase managers also post their sourcing needs as RFQ here and you can go through them for free. Once you find a lead that seems relevant you can contact them with a tailored offer according to their requirements. Recently numerous jet fuel sellers used it and got good feedback. You can also try it to get an idea of how you can use it to grow your business.
Volzais a globally used data trade platform. They offer authentic and ready-to-use dashboards. They have got dashboards for tracking several factors such as identifying new suppliers, and buyers, monitoring competitors, and the list goes on. They also update their data on a monthly basis from trusted sources. Therefore, you can always feel confident about the leads you get from here.
What makes Volza stand out among similar platforms to it is the in-depth details and filtration options for almost every data. You can simply search for relevant buyers and set specific criteria such as their order frequencies, volumes, and more. Once you filter down all the data to a stage where you can only see relevant buyers, you can contact them through email, LinkedIn, or directly on phone number. You should also know that even your competitors might be using the same data to generate leads. Therefore, it is always better to contact them the right way to stand out.
EC21comes among the top B2B marketplaces. It connects with millions of buyers and suppliers annually. It allows sellers like you to post their products on EC21 and get organic reach for free. However, if you want to rank higher for relevant keywords on this platform or simply want better reach, you can also check out their membership plans and subscribe to the one that matches your budget and needs.
They also feature buying leads from purchase managers in a separate section that you can go through and get in touch with relevant sellers. If you use their buyer directory correctly, you are surely never going to run out of buying leads ever again and would have both of your hands filled with orders.
If you want to get trade intelligence for any product export product including en590, you can never neglect the significance ofExport Genius. Their database covers data from all over the world with detailed custom data for the top 20 countries. You can use their advanced filtration options to see what businesses are looking for en590 suppliers and then contact them.
Over the years, numerous companies have used it not only to find jet fuel importers but also to keep them updated with the market’s latest trends. To get access to all of their data, you would have to subscribe to their membership plan, but as most companies have reported a positive experience you can also subscribe to confidently as an investment.
Thomasnet is quite a well-known marketplace in various industries including aviation. Regularly several aviation companies get on this platform to buy or sell jet fuel. Therefore, the number of buying leads here might be much higher than you expect from other B2B E-Commerce sites especially considering that it is free.
On the flip side, this market is already filled with the industry’s top names and is considered to be saturated and highly competitive. Therefore, if you are new in this industry, you may have to go the extra mile to earn the trust of the purchase managers here. Getting your profile verified on Thomasnet can also be a way to give yourself a kickstart here.
When trying to identify a pattern of jet fuel buyers in Europe, Rotterdam, or any other part of the world, these three are the most repeated behaviors:
Seasonal Patterns:
Jet Fuel purchases happen more frequently during summer months or holidays due to an increase in air travel.
Economic Patterns:
Jet Fuel purchase frequency gets quite volatile during economic turnarounds, especially when airlines are forced to reduce the number of flights.
Fuel Price Patterns:
The prices for en590, jet A1 fuel, and other types of fuels keep fluctuating throughout the year. However, they do not significantly impact the frequency of purchases.
To find and connect with jet A1 fuel buyers, it is important to understand different market segments of the aviation industry along with their distinctive sourcing requirements.
Commercial Aviation Companies:
Airlines and commercial aviation companies have the biggest share in buying wholesale jet fuel. It can further be divided into two segments major international airlines and low-cost carriers.
Private Jet Operators and Charter Companies:
This segment comprises individuals with high net worth, corporate clients, and government entities. The best way to approach this would be through trade shows, industry events, or networking platforms.
Fuel Brokers
Fuel Brokers are intermediaries between en590 suppliers and commercial aviation or private jet operators. They also negotiate contracts on behalf of their clients. Connecting with them to expand your reach to a bigger market can also be a good approach.
Regulatory compliance may vary from country to country. Yet, most factors remain the same, and some of them are below:
Obtaining a license or permit:
To get a license from Government, you need to have all the proper documentation, safety approvals, and certificates.
Quality Control And Testing Certificate:
Jet Fuel is monitored through high performance and safety standards. Therefore, you must check it from your end and get its certificate from a third-party laboratory.
Environmental Regulation:
In the last few years, environmental regulations have also been a must-have. Assuring a consistent standard for jet fuel sales operations with waste management protocols and emission reduction targets can surely help you build a better image in the market.
To find and connect with genuine jet fuel buyers, you need to understand your target market segment and offer them your best solution. We have mentioned several B2B sites that you can use to find relevant buying leads here. Therefore, finding relevant buyers should not be challenging. You can also use more than one platform at a time to expand your reach exponentially. Your focus should be on approaching potential customers with the right approach. Even though this market may seem simple, it keeps fluctuating. To sustain here in the longer run, you must have a plan for different scenarios.
