In 2023, Italy's fuel oil (low sulphur <1%) closing stock stood at a substantially higher level compared to the forecasted data from 2024 onwards. A sharp decline is observed from 340.28 thousand metric tons in 2024 to 17.29 thousand metric tons by 2028, indicating a fall in stock levels, which translates to a consistent annual decrease. From 2024 to 2025, the stock level is expected to drop significantly by 24.9%, and an even steeper decline is anticipated in subsequent years, with the recorded decrease of 36.2% from 2025 to 2026, and 45.8% from 2026 to 2027. The compound annual growth rate (CAGR) for this period projects an average annual decrease of 41.5% over five years.
Future trends to monitor include the impact of potential policy changes in Italy's energy sector, the adoption of alternative energy sources, and fluctuation in global oil prices, all of which could influence the trajectory of fuel oil stocks and market demand.
