As of 2023, Germany's gas oil and diesel oil stock (excluding biofuel) stood at 3.69 thousand terajoules. The forecast for 2024 marks an increase to 3.83 thousand terajoules, climbing steadily to 4.42 thousand terajoules by 2028. This reflects a compound annual growth rate (CAGR) of approximately 3.7% from 2024 to 2028. The year-on-year variations indicate a consistent annual increase of roughly 3.78%.
Future trends to watch for:
- Potential policy shifts towards alternative fuels impacting stock levels.
- Market dynamics in the broader energy sector influencing supply and demand.
- Technological advancements in efficiency affecting oil consumption rates.
- Global economic conditions that could alter import/export activities.
