Germany's imports of gas oil and diesel oil, excluding the biofuel portion, are projected to grow steadily from 2024 to 2028. With a starting point of 20.13 million tonnes of oil equivalent in 2024, the forecast shows a gradual annual increase, reaching 20.57 million tonnes by 2028. This consistent growth trend represents a modest compound annual growth rate (CAGR) as Germany continues to rely on imports to meet its energy needs. In 2023, the actual figures stood at a similar level to that forecasted for 2024, indicating stability in import volumes.
Future trends to watch include policy shifts towards renewable energy, which may affect fossil fuel import volumes. Additionally, geopolitical events can influence supply chains and prices, potentially altering the forecasted import trends. Increased adoption of electric vehicles could also impact the demand for diesel oil, leading to adjustments in import strategies.
