Analysis of France's Fuel Oil Refinery Output indicates significant fluctuations in recent years, with the output standing at 235.22 Thousand Terajoules in 2023. There was a steady decline from 2013 to 2018 followed by a sharp drop in 2020. A recovery phase ensued, though the 2023 level remains below the peaks observed in the mid-2010s. Variations over the last two years show a positive year-on-year growth of 4.99% in 2023, rebounding from the low values during the pandemic. The five-year CAGR from 2018 to 2023 now shows a barely positive trend at 0.094%.
Forecasts for 2024 onwards indicate a gradual decline with a five-year CAGR projected at -1.83%, suggesting potential challenges for the industry. Cumulative growth over the next five years points to an overall downturn of 8.82% by 2028.
Future trends to watch for include:
- Potential impacts of energy transition policies and regulations.
- Technological advancements in refinery processes and alternative energy sources.
- Market dynamics, including global oil demand and geopolitical factors affecting fuel oil production and distribution.
