Forecasted fuel oil consumption in Italy's domestic navigation shows a clear declining trend from 2024 through to 2028, with annual figures dropping from 3.46 to 3.21 thousand gigawatt-hours. This reflects a gradual decrease year-on-year, averaging a 1.9% negative Compound Annual Growth Rate (CAGR) over the five years. The consumption stood at 3.52 thousand gigawatt-hours in 2023, highlighting a continuing downward trajectory.
Future trends to watch for include:
- Impact of environmental regulations and emission targets on fuel oil demand.
- Transition to alternative fuels in the domestic navigation sector.
- Technological advancements enhancing energy efficiency.
- Changes in competitive dynamics within the energy market.
