The forecast for fuel oil available for final consumption in Germany indicates a consistent declining trend from 2024 to 2028, with an expected decrease from 1.95 to 1.54 Million Tonnes of Oil Equivalent. This represents a steady annual decrease around 5% year-on-year. Back in 2023, actual consumption stood at approximately 2.05 Million Tonnes of Oil Equivalent, setting this downward trajectory in motion. Over the projected five-year period, the compound annual growth rate (CAGR) suggests a negative average annual variation, reflective of a shift towards alternative energy sources and enhanced energy efficiency.
Future trends to watch for in Germany include the acceleration of renewable energy adoption, potential legislation favoring cleaner energy, advancements in energy-efficient technologies, and global energy market fluctuations that may influence national policies and consumption patterns.
