The consumption of gas oil and diesel oil in international maritime bunkers in Germany is forecasted to grow steadily from 2024 to 2028. Starting from 742.82 thousand tonnes of oil equivalent in 2024, the volume is expected to rise annually, reaching 767.0 thousand tonnes of oil equivalent by 2028. In 2023, the consumption was slightly lower, reflecting a gradual increase over the years. The year-on-year growth is around 0.8%, with the compound annual growth rate (CAGR) over the last five years estimated at a moderate 0.8%.
Future trends to watch for include:
- Impact of regulatory changes targeting maritime emissions, potentially reducing fossil fuel demand.
- Technological advancements in shipping efficiency and alternative fuels impacting consumption patterns.
- Market dynamics influenced by geopolitical events and economic conditions that could alter shipping routes and volumes.