Fuel oil available for final consumption in Poland is forecasted to decline significantly over the next five years. The consumption is expected to decrease from 3.1 Thousand Terajoules in 2024 to 2.15 Thousand Terajoules by 2028. Compared to 2023, this series shows a steeper decline as each year progresses. The year-on-year variation indicates a uniform decline, with annual drops increasing in magnitude as the years progress. The Compound Annual Growth Rate (CAGR) indicates an average yearly decrease over the five-year period.
Future trends to watch for:
- Increasing emphasis on renewable energy sources.
- Changes in governmental policies targeting reduction in fossil fuel consumption.
- Technological advancements leading to greater fuel efficiency and alternative energy solutions.
- Fluctuations in global oil prices that could impact consumption patterns.
- Shifts in industrial and residential energy demands.