The forecast for crude oil gross inland consumption in Germany shows a steady decrease from 2024 to 2028, with figures dropping from 3.4115 million terajoules in 2024 to 3.2196 million terajoules in 2028. Compared to 2023, the consumption signifies a consistent decline, aligning with Germany's shift towards renewable energy sources and increased energy efficiency.
Year-on-year, the consumption decreases by approximately 1.4% annually. The compound annual growth rate (CAGR) over the five-year forecast period indicates an average annual decline of about 1.13% in crude oil consumption, reflecting an ongoing transition to sustainable energy.
Future trends to watch for include further governmental policy shifts favoring green energy, advancements in energy technologies, and potential geopolitical influences on energy supply and demand. These factors could accelerate or moderate the decline in crude oil consumption.
