The domestic material consumption of fossil fuels in Italy is forecasted to decrease steadily from 2024 to 2028. In 2023, consumption stood at 122.75 million metric tons. The forecasted data shows year-on-year declines of approximately 1.37% from 2024 to 2025, 1.35% from 2025 to 2026, 1.33% from 2026 to 2027, and 1.30% from 2027 to 2028. The compound annual growth rate (CAGR) from 2024 to 2028 indicates an average annual decline of around 1.34%.
Future trends to watch for:
- Potential policy changes affecting energy sourcing that could accelerate the decline.
- Technological advancements in renewable energy that may alter fossil fuel consumption rates.
- Economic factors impacting energy demand and consumption patterns in Italy.