In 2023, the closing stock of oil products in Germany was approximately 15.30 million metric tons. Forecasted data indicates a gradual decline from 2024 to 2028: starting at 15.16 million metric tons in 2024 and decreasing to 14.68 million metric tons by 2028. The year-on-year variation shows a consistent downward trend, with an estimated average decline of around 0.8% per year over this five-year period according to the Compound Annual Growth Rate (CAGR) analysis.
Key future trends to monitor include changes in energy policy that might influence oil stock levels, advancements in energy technology, and shifts towards renewable energy sources which could further diminish reliance on oil products.
