The forecasted opening stock of oil products in Spain shows a consistent year-on-year increase:
- 2024: 11.69 Million Metric Tons
- 2025: 11.91 Million Metric Tons (1.88% YoY increase)
- 2026: 12.14 Million Metric Tons (1.93% YoY increase)
- 2027: 12.36 Million Metric Tons (1.81% YoY increase)
- 2028: 12.58 Million Metric Tons (1.78% YoY increase)
The Compound Annual Growth Rate (CAGR) from 2024 to 2028 is approximately 1.85%, indicating a steady growth in oil product opening stocks.
Future Trends to Watch
Future trends to watch for include global oil price fluctuations, shifts in energy policies towards renewables, and changes in domestic consumption patterns, all of which could affect stock levels going forward.
