Forecast: Crude Oil Gross Inland Consumption in Germany

The forecasted values for Germany's crude oil gross inland consumption from 2024 to 2028 show a clear downward trend. In 2023, this consumption stood at approximately 960.00 thousand gigawatthours. The year-on-year declines are consistent, with gradual decreases observed over the period. Specifically, from 2024 to 2028, the consumption reduces from 947.64 to 894.33 thousand gigawatthours, translating to a compound annual growth rate (CAGR) reflecting a continuous reduction.

Future trends to watch for include:

  • Germany's energy transition efforts and their impact on reducing crude oil consumption.
  • Technological advancements in energy efficiency and alternative energy sources.
  • Potential policy changes affecting fossil fuel usage, aligned with EU's climate goals.

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