Germany's transport equipment sector's final consumption of natural gas exhibited notable fluctuations over the past decade. Between 2013 and 2020, the consumption varied significantly, peaking in 2013 at 963.58 thousand tonnes of oil equivalent and experiencing an average year-on-year reduction by 2020 to 839.85 thousand tonnes. Since 2021, the trend has shown a moderate stabilization, with consumption in 2023 standing at 886.37 thousand tonnes. The last two years suggest a stabilized pattern, with minimal fluctuations annually. However, the five-year CAGR ending 2023 indicates an average yearly decline of 0.5%.
The forecast from 2024 to 2028 predicts steady consumption, holding at 886.51 thousand tonnes by 2028. The forecasted CAGR over this next five-year period is effectively 0%, suggesting a plateau in the consumption levels.
Future trends to watch include advancements in renewable energy and hydrogen technology, which could lead to a further decline in natural gas consumption. Additionally, government policies and regulations promoting greener alternatives could push the sector towards even lower natural gas reliance.