The forecast indicates a modest increase in France's tar sands and oil shale imports over the five-year period from 2024 to 2028, with projected imports rising from 62.89 in 2024 to 63.88 thousand metric tons in 2028. As of 2023, imports stood at 62.64 thousand metric tons. The year-on-year variation shows a consistent annual increase of approximately 0.4%, leading to a compound annual growth rate (CAGR) over five years. The steady growth suggests a stable yet restrained demand for these imports, likely influenced by global energy transitions and regulatory environments targeting emissions.
Future trends to watch for include shifts in European energy policies, advancements in alternative energy technologies that may impact fossil fuel demand, and geopolitical factors that could affect oil supply chains and prices. Additionally, growing environmental concerns and regulations could further influence the import dynamics of tar sands and oil shale into France.
