Based on the forecast data, France's crude oil imports are projected to decline consistently from 2024 to 2028. Specifically, the imports decrease from 44.78 Million Tonnes Of Oil Equivalent (MTOE) in 2024 to 38.08 MTOE in 2028. In reference to the value in 2023, which stood at 46.59 MTOE, the trend indicates a year-on-year reduction as follows:
- 2024: -3.88%
- 2025: -3.86%
- 2026: -3.92%
- 2027: -4.01%
- 2028: -4.08%
The average annual decline (CAGR) over the five years, from 2023 to 2028, is approximately -3.95%.
Future trends to watch for include potential shifts in France’s energy policies, advancements in renewable energy technologies, and international geopolitical factors, all of which can significantly impact crude oil import levels. Additionally, fluctuations in global oil prices and domestic demand changes due to economic conditions could also influence future import volumes.
