Analyzing the available data for Fuel Oil Available for Final Consumption in Italy, we observe a consistent declining trend from 2023 onwards. In 2023, the actual fuel oil consumption stood at 785.65 Thousand Tonnes of Oil Equivalent. For the years 2024 to 2028, we see forecasted values dropping year-on-year, signaling a significant reduction in usage. The year-on-year percentage variations reveal a decrease of approximately 15.5% from 2024 to 2025, 18.1% from 2025 to 2026, 21.8% from 2026 to 2027, and 27.6% from 2027 to 2028. The Compound Annual Growth Rate (CAGR) over the five-year period indicates an average annual decrease of around 17.8%.
Looking ahead, important future trends to monitor include advancements in renewable energy sources, regulatory changes targeting carbon emissions, and shifts in industrial energy policies. The acceleration of these factors could further influence the declining consumption of fuel oil in Italy.