As recorded by the source, Moroccans ranked as the foreign nationality with more residents in Spain in 2023, closely followed by Romanians. After years of losing its foreign population, Spain’s immigration figures started to pick up in 2015, with the number of people that moved to the Mediterranean country surpassing the number of foreigners that decided to leave.

A matter of balance The net migration rate of Spain changed its course mainly due to the great inflow of foreigners that move to reside in the Mediterranean country. Spain’s immigration flow slowed down after the 2008 financial crisis, albeit the number of foreigners that opted to change their residence saw a significant growth in the last years. In 2022, Colombians ranked first as the foreign nationality that most relocated to Spain, distantly followed by Moroccans and Ukranians.

Spain does not have the highest number of immigrants in Europe In recent years, the European Union confronted a rising number of refugees arriving from the Middle East. Migration figures show that Germany accommodated approximately 15 million foreign-born citizens, ranking it as the country that most hosted immigrants in Europe in 2022. By comparison, Spain’s foreign population stood slightly over seven million, positioning the Western Mediterranean country third on the European list of foreign-born population. Unfortunately, thousands of persons have died ore gone missing trying to reach Spanish territory, as more and more irregular migrants opt to use dangerous maritime routes to arrive at Southern Europe from Africa's coasts.

In 2020/21 there were approximately 696,000 Polish nationals living in the United Kingdom, the highest non-British population at this time. Indian and Irish were the joint second-largest nationalities at approximately 370,000 people.

In 2022, the United Kingdom and Ghana were the most common destinations of tourists from Nigeria, accounting for 32 percent and 17 percent of the departures that year, respectively. United States, Saudi Arabia, and France followed. Overall, in 2021, inbound tourist expenditure in the country decreased compared to the preceding year.

South Africa had the highest number of immigrants among all African countries as of July 2020, hosting *** million people. Côte d'Ivoire followed with *** million international migrants. Among the macro-regions, Eastern Africa hosted the highest number of international migrants in Africa, with **** million. Western Africa followed with some **** million migrants.

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Floating Production Storage and Offloading Market Size 2024-2028

The floating production storage and offloading market size is forecast to increase by USD 8.58 billion at a CAGR of 6.34% between 2023 and 2028.

The Floating Production Storage and Offloading (FPSO) market is experiencing significant growth due to key drivers such as increasing investments in offshore exploration and production (E&P) activities and the rise in deepwater and ultra-deepwater projects. These trends are being fueled by the need to access increasingly difficult-to-reach reserves. The market is driven by the rise in deepwater and ultra-deepwater projects, which require advanced FPSO vessels equipped with settling tanks, crude oil tanks, ballast tanks, slop tanks, methanol tanks, and utility tanks.
Despite the volatility in crude oil prices, which can affect the supply of oil and gas, the FPSO market is still expected to grow. Companies are increasingly looking for innovative solutions to optimize offshore resource production. With technological advancements and a stronger focus on sustainable energy, the market's future remains promising, offering new opportunities for growth.

What will be the Floating Production Storage and Offloading Market Size During the Forecast Period?

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The floating production storage and offloading (FPSO) market encompasses the use of specialized vessels that process and store hydrocarbons from marginal fields, which are often located in deep waters or remote locations where traditional onshore facilities are not feasible. These fields may include subsea wells, which require the use of separation facilities to extract crude oil and natural gas from the produced fluids. FPSOs typically feature oil storage tanks, such as crude oil tanks, ballast tanks, slop tanks, methanol tanks, and utility tanks, that provide the necessary capacity to store and transport the extracted hydrocarbons. The design of these tanks is crucial, with considerations given to tank internals, intakes, and structural voids to ensure optimal performance and safety.
Additionally, the offloading process involves transferring the stored hydrocarbons to an oil tanker or LNG carrier for further transportation to refineries or markets. This process is carried out using flexible production tubes and spread mooring systems, which allow the FPSO to remain in place while the transfer takes place. Environmental limits play a significant role in the FPSO market, with stringent regulations governing the design and operation of these vessels to minimize their environmental impact. Dry dock inspections and maintenance are essential to ensure the structural integrity and efficient operation of the FPSO's tanks and systems. In summary, the FPSO market offers a cost-effective and efficient solution for producing and transporting hydrocarbons from marginal fields. The design and operation of these vessels require careful consideration of tank design, tank internals, and environmental regulations to ensure safe and sustainable production.

How is this market segmented and which is the largest segment?

The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.

Type

  Single
  Double


Product Type

  Converted
  Newly built


Geography

  South America

    Brazil


  Middle East and Africa

    Nigeria


  APAC

    China


  Europe

    UK


  North America

By Type Insights

The single segment is estimated to witness significant growth during the forecast period.

Floating Production Storage and Offloading (FPSO) involves converting existing transportation vessels, such as tankers or bulk carriers, into production units. This cost-effective solution reduces the capital expenditure required compared to designing and constructing a new FPSO, which can reach up to a billion US dollars for the same capacity. The benefits of using converted FPSOs include lower costs and the ability to produce hydrocarbons from sub-sea oil wells in shallow fields. These vessels can be used for the storage, transportation, and processing of hydrocarbons, eliminating the need for pipelines in certain situations. Converting a tanker into an FPSO requires minimal modifications, making it a practical solution for oil and gas companies. This cost-effective and efficient method is a valuable asset in the energy sector, particularly for producing hydrocarbons from sub-sea oil wells in shallow fields where pipelines are not feasible.

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The single segment was valued at USD 10.43 billion in 2018 and showed a gradual increase during the forecast period.

Regional Analysis

South America is estimated to

This statistic illustrates the most common non-European Union countries of domicile for international students enrolled with higher education providers in the United Kingdom (UK) in 2017/18, by number of students. At that time, a total of 10,540 students enrolled in the United Kingdom (UK) were domiciled in Nigeria.

As of 2019, Nigeria was the leading destination for Ghanaian emigrants, possibly facilitated by the 1979 ECOWAS Protocol on the free movement of citizens of member states. The country hosted a little over 233 thousand Ghanaians in the said year, equaling around one in four emigrants from Ghana. Ranking second and third globally were the United States and the United Kingdom, with nearly 174 thousand and 141 thousand emigrants from Ghana, respectively. Overall, in 2019, the number of Ghanaians who had emigrated reached an approximate total of 970.63 thousand.