The motor gasoline (excluding biofuel portion) refinery output in Germany shows a general downward trend over the last decade. In 2023, the value stood at 220.56 thousand gigawatt-hours, marking a 0.91% decrease from the previous year. Over the past two years, the refinery output decreased by an average of 0.94% annually.
Analyzing the data over five years, the compound annual growth rate (CAGR) was -1.95%, indicating a steady decline. Future projections show a continued, albeit slower, decrease with a forecasted 0.57% CAGR over the next five years, resulting in a cumulative decline of approximately 2.83% by 2028.
Trends to watch for:
- The impact of regulatory changes and environmental policies on refinery operations.
- Technological advancements in fuel refining and cleaner energy alternatives.
- Shifts in consumer behavior towards more sustainable transportation options, potentially accelerating the decline in gasoline demand.
