In 2023, oil consumption in Germany stood at 2.05 million barrels per day. Forecast data indicates a declining trend from 2024 to 2028:
• From 2024 to 2025, the year-on-year variation is -1.49%.
• From 2025 to 2026, the year-on-year variation is -1.01%.
• From 2026 to 2027, the year-on-year variation is -1.52%.
• From 2027 to 2028, the year-on-year variation is -1.03%.
The 5-year CAGR from 2023 to 2028 is -1.31%, indicating a consistent reduction in oil consumption.
Future trends to watch for include the impact of increasing adoption of renewable energy sources, advancements in energy efficiency, and regulatory policies aimed at reducing carbon emissions.
