In 2023, Italy's opening stock of gas oil and diesel oil (excluding biofuel) stood at 3.48 million metric tons. The forecast indicates a gradual decline in stocks from 2024 to 2028, with the value decreasing from 3.46 million metric tons in 2024 to 3.38 million metric tons in 2028.
Year-on-year variations suggest a consistent reduction at approximately 0.58% per year over the forecast period. The compound annual growth rate (CAGR) from 2024 to 2028 is estimated to exhibit a slight downward trend.
Future trends to watch for:
- Increasing regulatory pressures on fossil fuels which might accelerate the transition to cleaner alternatives.
- Potential geopolitical influences affecting oil importations and market stability.
- Economic conditions influencing demand and consequently the adjustment in opening stocks.