In 2023, Italy's closing stock for gas oil and diesel oil (excluding biofuel portion) was 3.46 million metric tons. Over the forecasted period from 2024 to 2028, there is a gradual year-on-year decline in stock volume: 2024 sees a 0.58% decrease to 3.44 million metric tons, then further decreases by 0.87% annually to 3.33 million metric tons by 2028. The compound annual growth rate (CAGR) indicates an average annual reduction of approximately 0.78% during this period.
In the coming years, watch for policy changes regarding renewable energy adoption, potential shifts in industrial demand and changes in transportation preferences, all of which could impact the gas and diesel oil market dynamics in Italy.
