The crude oil energy supply in Italy stood at 766.03 thousand GWh in 2023. Over the previous two years, the year-on-year variations were 4.05% in 2022 and 2.51% in 2023. The compound annual growth rate (CAGR) over the last five years was -0.34%, indicating a slight downward trend from 2018 to 2023.
The forecast data suggests a gradual decline in crude oil energy supply from 2024 to 2028, with a five-year CAGR of -0.82% and a total decline of 4.06% over this period. The supply is projected to decrease from 758.14 thousand GWh in 2024 to 727.39 thousand GWh by 2028.
Future trends to watch for include potential shifts towards renewable energy sources, fluctuations in global oil prices, and regulatory changes impacting oil supply and consumption in Italy. Observing these factors will be crucial for understanding the long-term trajectory of the crude oil energy supply.
