In 2023, domestic extraction of tar sands and oil shale in Germany stood at 441.5 thousand metric tons. Based on the forecasted data from 2024 to 2028, there appears to be a gradual decline in extraction volume, with a marginal decrease each year. The year-on-year variation shows slight declines, indicating a steady downward trend. The annual average decline over the five-year period (CAGR) suggests a lasting pattern of reduced extraction activity.
Future trends to watch for:
- Potential changes in regulatory policies concerning fossil fuel extraction.
- Advancements in renewable energy technologies impacting fossil fuel demand.
- Fluctuations in global oil prices affecting domestic production incentives.
