In 2023, Germany's fuel oil transformation output stood at 6.73 million tonnes of oil equivalent. Forecasts indicate a consistent downward trend, with a yearly decrease of approximately 2.12% through to 2028. The compound annual growth rate (CAGR) from 2024 to 2028 is projected to be approximately -2.15%, reflecting a steady decline over the forecasted period.
Future trends to watch for:
- Germany's policy shifts towards renewable energy, potentially accelerating the decline in fuel oil transformation output.
- Technological advancements in alternative energy sources may further impact fuel oil demand.
- Global energy market fluctuations and geopolitical factors could influence future projections.