The import of petroleum bitumen to Germany is forecasted to decline steadily from 2024 to 2028. The data predicts a significant reduction, with imports decreasing from 110.8 million kilograms in 2024 to 49.41 million kilograms by 2028. Compared to 2023, this reflects a sharp downward trend. The year-on-year percentage variation shows a consistent decrease, illustrating a significant drop over the forecasted period. The compound annual growth rate (CAGR) over these five years demonstrates an average decline per year, indicating that Germany's dependency on imported petroleum bitumen is projected to reduce considerably.
Future trends to watch include shifts in energy policy, the growth of renewable energy sources, and advancements in road construction technologies that may further impact the demand for petroleum bitumen imports. Additionally, geopolitical factors and changes in domestic production capacities might also influence these forecasts.
