The fuel oil consumption in the wood and wood products sector in France is set to increase gradually from 2024 through 2028, with consumption values moving from 50.76 Terajoules in 2024 to 57.7 Terajoules by 2028. Looking back at 2023, the actual consumption was 48.5 Terajoules, highlighting a steady growth in the five-year forecast period. Year-on-year growth from 2024 onwards is forecasted to be positive, indicating a steady increase in reliance or demand for fuel oil in this sector. The compound annual growth rate (CAGR) over these five years suggests an average upward trend in consumption.
Future trends to watch for include potential shifts towards alternative energy sources within the sector, prompted by environmental regulations or shifts in market preference, which could affect fuel oil consumption forecasts. Additionally, technological advancements in energy efficiency for wood product manufacturing could potentially alter this consumption trajectory.
