Final consumption of fuel oil in the industrial sector in Poland has demonstrated a steady decline from 2013 to 2023. In 2023, the consumption stood at 0.53506 thousand gigawatthours, reflecting an 11.33% year-on-year decrease. Over the past two years, the consumption has shown significant declines—16.17% in 2022 and 11.33% in 2023. The compound annual growth rate (CAGR) over the last five years stands at -7.6%, indicating a notable downward trend.
Looking at historical data, the fuel oil consumption dipped sharply in earlier years, with the largest year-on-year drops observed between 2013 and 2015, and again in recent years, particularly in 2022. The forecasted data predicts a continuous decline, with the five-year CAGR from 2024 to 2028 expected to be -15.38%, leading to a reduced consumption level of 0.2028 thousand gigawatthours by 2028.
Future trends to watch for include potential policy shifts towards renewable energy sources, technological advancements in energy efficiency, and potential economic factors that could either accelerate or decelerate the transition from fuel oil to alternative energy solutions in the industrial sector.