The forecast for France's motor gasoline refinery output (excluding biofuel) from 2024 to 2028 indicates a consistent year-on-year decline. In 2023, the production was higher than projected, indicating the beginning of a downward trend. The anticipated decreases year-over-year are about 4.75% from 2024 to 2025, and approximately 4.95% from 2025 to 2026. The compound average growth rate (CAGR) from 2024 to 2028 is forecasted to be approximately -4.96%, highlighting a persistent decline.
Future trends to watch for include:
- Increasing influence of environmental regulations and policies that may further drive down fossil fuel reliance.
- Shift towards alternative energy sources which could impact gasoline demand and refinery outputs.
- Technological advancements in fuel efficiency and electric vehicle adoption potentially reducing gasoline dependency.