The final consumption of fuel oil in the construction sector in Spain exhibited significant variations between 2013 and 2023. Starting from 168.33 Unit Gigawatthours in 2013, the consumption saw a notable peak at 538.67 Unit Gigawatthours in 2015. However, it fluctuated considerably over the subsequent years, reaching 346.03 Unit Gigawatthours in 2023. The year-on-year variations reflect this instability, with key changes like the 166.67% increase in 2015, followed by substantial dips and moderate rises. The Compound Annual Growth Rate (CAGR) recalibrates these fluctuations, revealing a negative growth trend of -0.74% over the last five years up to 2023.
Looking ahead, the forecast from 2024 to 2028 suggests a steady yet slight decline, with the CAGR projecting a marginal -0.06% decrease annually over this five-year forecast period. This indicates an almost stagnant trend, suggesting that fuel oil consumption in the construction sector may continue to stabilize with minor reductions.
Future trends to watch for include the potential impact of renewable energy adoption in the construction sector, regulatory changes aimed at reducing carbon emissions, and technological advancements in construction methods which could alter fuel oil consumption patterns. Monitoring these factors will be key to understanding long-term shifts in energy usage within the industry.