In 2023, Germany's motor gasoline refinery output, excluding biofuel, stood at 19.0 Million Tonnes of Oil Equivalent. Forecasts for 2024 to 2028 show a gradual decline, with values decreasing year-on-year. For example, 2024 saw a 1.05% drop from 2023, and 2025 is expected to contract by 0.74% from 2024. The five-year outlook reveals a compound annual growth rate (CAGR) of approximately -0.83% per annum. This indicates a consistent downtrend, largely influenced by increased fuel efficiency, alternative energy adoption, and regulatory pressures.
Future trends warranting attention include:
- Shift towards electric vehicles impacting gasoline demand further.
- Renewable energy policies possibly reducing fossil fuel reliance.
- Technological advancements in biofuels potentially influencing the market.
