The forecast for fuel oil available for final consumption in Italy shows a steady decline from 34.31 thousand terajoules in 2024 to 24.58 thousand terajoules in 2028. Compared to 2023, where consumption was higher, this represents a notable reduction. The year-on-year decline reveals a consistent decrease, with a compound annual growth rate (CAGR) of -8.13% over the five years.
Future trends to watch for include:
- Policy shifts towards renewable energy adoption potentially accelerating the downward trend in fuel oil consumption.
- Technological advancements improving energy efficiency, further reducing demand for traditional fuel sources.
- Economic factors and international oil price fluctuations impacting consumption dynamics.