The final consumption of fuel oil in domestic navigation in Italy showed variability over the past decade. The year 2023 saw consumption at 12.7 Thousand Terajoules, marking a modest decline from 2022. There has been a progressive decrease in consumption since the peak in 2016, with the most significant annual decrease noted in 2021 at -13.58%. The Compound Annual Growth Rate (CAGR) over the past five years has been negative at -2.5%, indicative of a declining trend. The forecast suggests continued reductions, with a projected CAGR of -1.52% through 2028 and a total decrease of 7.36% over this period.
Future trends to watch for include advancements in alternative energy sources for domestic navigation and potential regulatory changes aimed at reducing carbon emissions. Market shifts toward greener technologies and policy interventions could significantly influence the consumption patterns of fuel oil in the coming years.