In 2023, the domestic material consumption of tar sands and oil shale in Germany was recorded at approximately 442.08 thousand metric tons. The forecast from 2024 to 2028 shows a slow but consistent decline in consumption. By 2028, the material consumption is expected to reduce to 439.36 thousand metric tons, representing a gradual decrease in consumption with an average annual reduction rate (CAGR) over the forecast period.
Future trends to watch for:
- Transition towards renewable energy sources, potentially impacting fossil fuel consumption.
- Government policies regulating emissions may further influence domestic material consumption.
- Technological advancements in oil extraction could alter demand dynamics.
- Global economic conditions which may impact Germany's industrial output and, subsequently, energy needs.
