In 2024, crude oil imports to France are forecasted at 511.94 Thousand Gigawatthours, continuing a gradual decline from the 522.5 Thousand Gigawatthours recorded in 2023. This downward trend is anticipated to persist up to 2028, with an average annual decrease of 5%, translating to a compound annual growth rate (CAGR) of approximately -5% from 2024 to 2028. The year-on-year decline reflects a consistent reduction due to increasing shifts towards renewable energy and improvements in energy efficiency.
Future trends to watch for include:
- Further growth in renewable energy adoption impacting oil demand.
- Policy changes in the EU affecting energy imports.
- Technological advancements increasing energy efficiency.
- Global geopolitical dynamics influencing oil prices and supply.
