The opening stock of oil products in Germany stood at approximately 15.62 million metric tons in 2023. Over the past decade, the data exhibits variability, with notable fluctuations observed year-on-year. The highest value observed within this period was in 2013 at 16.78 million metric tons, followed by a general trend of decline. Noteworthy decreases were seen in 2015 (-5.1%) and in subsequent years, with an intermittent increase in 2017 (4.46%). Despite some recovery phases, the compound annual growth rate (CAGR) over the last five years has been negative, settling at -0.47% into the forecast period.
The forecasted values from 2024 to 2028 indicate a continuation of this declining trend. By 2028, the opening stock is expected to dwindle to 15.16 million metric tons, marking a reduction of around 2.32% from 2023. This represents a gradual but steady decline in oil depot stocks over the forecast period.
Future Trends to Watch For:
- Potential impacts of renewable energy policies on oil storage needs
- Changes in global oil supply chains and their effect on German stock levels
- Technological advancements in energy efficiency and storage solutions
- Shifts in domestic energy consumption patterns
