The forecast for gas oil and diesel oil (excluding biofuel) refinery output in Germany suggests a consistent decline from 2024 through 2028. The value in 2023 stood at 1.6664 million terajoules, reflecting the beginning of this downward trend. Year-on-year, Germany's output is projected to decrease by roughly 0.75% annually, with a calculated CAGR of approximately -0.75% over the five-year forecast period.
Future trends to watch for include:
- Continued pressure from environmental regulations pushing for reduced fossil fuel consumption.
- Potential shifts in energy policies as the government invests in renewable energy sources, potentially hastening the decline in refinery outputs.
- Technological advancements in energy efficiency and alternative fuel developments that may impact demand for traditional diesel and gas oils.