In 2023, the opening stock of high sulphur fuel oil in Italy was approximately 762.66 thousand metric tons. From 2024 onwards, a consistent year-on-year decrease is forecasted with stocks dropping from 736.72 thousand metric tons in 2024 to 636.94 thousand metric tons in 2028. This marks a reduction in stock levels by around 4% each year, and a compound annual growth rate (CAGR) of about -3.5% over the five-year period.
Future trends to watch for:
- Regulatory changes impacting high sulphur fuel oil consumption.
- Shifts toward cleaner energy sources aligning with sustainability goals.
- Economic factors influencing industrial demand within Italy.
- Global market dynamics affecting oil prices and supply chain efficiencies.
