The historical data on Gas Oil and Diesel Oil (excluding biofuel) energy supply in France from 2013 to 2023 shows a cyclical trend with variations. After fluctuations in the initial years, the supply witnessed growth from 2016 at 235.41 thousand GWh to steadily reaching 285.29 thousand GWh by 2023. Year-on-year growth rates varied, peaking at a moderate 1.26% in 2023. Over the past two years, a combined year-on-year growth of 2.54% reflects consistent but modest demand increase. The CAGR for the last five years is averaged at 3.44%.
Looking ahead from 2024 onwards, the supply is forecasted to continue its gradual increase, reaching 302.55 thousand GWh by 2028, reflecting a forecasted 5-year CAGR of 0.93%, which is indicative of a slow yet steady market expansion.
Future trends to watch for include:
- Impact of emerging green technologies and alternative energy sources reducing dependency on fossil fuels.
- Regulatory changes and environmental policies that could either constrain or stimulate energy supply adjustments.
- Advancements in fuel efficiency for machines and vehicles that may affect energy consumption patterns.
- Economic factors influencing industrial and commercial energy demand.
