Forecast: Fossil Energy Final Consumption in Fishing Sector in Germany

In 2023, the fossil energy final consumption in Germany's fishing sector stood at a certain level before the forecasted period from 2024. The forecasted data shows a steady increase in consumption: from 19.9 thousand tonnes of oil equivalent in 2024 to 21.94 in 2028. The year-on-year increase is consistently around 2.57% over this period, reflecting a stable upward trend. The compound annual growth rate (CAGR) over the next five years is projected to be approximately 2.57%, indicating modest growth.

Future trends to watch for include:

  • Transition towards sustainable energy sources possibly influencing fossil fuel consumption patterns.
  • The impact of policy changes or technological advancements aimed at reducing carbon emissions in the fishing industry.
  • Market conditions affecting fuel prices, which could alter consumption behavior in the sector.

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