Forecast: Fuel Oil Refinery Output in Germany

Fuel oil refinery output in Germany has shown a significant decline over the years, from 7.49 million tonnes of oil equivalent in 2013 to 6.45 million tonnes of oil equivalent in 2023, indicating a steady reduction in production with some yearly fluctuations. The year-on-year variation in 2022 and 2023 was -9.6% and -0.16%, respectively. The last five years' CAGR, ending in 2023, is approximately -1.69%, indicating a slower but consistent decline.

The forecast suggests that this downward trend is expected to continue, projecting a decrease to 5.67 million tonnes of oil equivalent by 2028. The forecasted CAGR for the next five years is -2.07%, leading to an overall decrease of -9.94% by 2028.

  • The adoption of renewable energy sources
  • Government policies and regulations
  • Technological advancements in energy efficiency
  • Global market dynamics and economic factors

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