The road diesel closing stock in Germany is forecasted to follow a steady upward trend from 2024 to 2028, increasing from 6.38 million metric tons in 2024 to 6.98 million metric tons in 2028. Since we are in 2024, it's worth noting that in 2023, the closing stock stood at 6.23 million metric tons. The year-on-year increase from 2023 to 2024 is approximately 2.4%. From 2024 to 2028, the compound annual growth rate (CAGR) is projected at around 2.3%.
Future trends to watch for include:
- The impact of Germany's energy transition policies on diesel demand.
- Technological advancements in alternative fuels potentially reducing diesel consumption rates.
- Global economic factors influencing fuel pricing and stock variations.