The natural gas final consumption in the transport equipment sector in Germany saw fluctuations over the last decade. In 2023, the consumption stood at 886.37 Thousand Tonnes of Oil Equivalent. The year-on-year variation for 2023 showed a negligible increase of 0.0053%. Over the past five years (2018-2023), the Compound Annual Growth Rate (CAGR) indicated an average yearly decrease of 0.5%, reflecting a generally declining trend with intermittent recoveries.
From 2013 to 2017, consumption experienced significant variation, peaking in 2013 with a high year-on-year increase of 10.51%. However, the trend from 2014 to 2020 suggested more consistent declines, except for occasional upticks in 2015 and 2017. The period from 2021 to 2023 showed slight recovery sporadically, but the overall trend remained downward.
Future trends to watch for:
- Forecast from 2024 to 2028 predicts a stagnation in consumption levels, hovering around 886.50 Thousand Tonnes of Oil Equivalent.
- The forecasted 5-year CAGR is 0%, indicating no significant growth or decrease expected in the near term.
- Factors such as advancements in alternative fuels and increasing environmental regulations could impact future consumption patterns.