The Netherlands' imports of oil products have shown significant variation over the past decade. After peaking in 2015 at 94.63 million metric tons, there has been a general decline, reaching 78.78 million metric tons in 2023. This represents a year-on-year decrease of 0.2% from 2022 to 2023. The five-year compound annual growth rate (CAGR) leading up to 2023 was -2.12%, indicating a gradual decline in import volume. Notably, the data forecasts a continued downtrend, with imports projected to reach 67.98 million metric tons by 2028, reflecting a forecasted five-year CAGR of -2.35%.
Future trends to monitor include the impact of energy transition policies towards renewable sources, changes in global oil prices, and advancements in energy efficiency. These factors are likely to drive further variations in the Netherlands' oil imports.
