In 2023, the marine fuel direct material inputs in France stood at 398.8 thousand metric tons, marking the baseline before the forecasted downturn. Starting from 2024, there's a projected year-on-year decline of approximately 9.7% through 2025, continuing the downtrend with reductions of around 10.6% in 2026, 11.8% in 2027, and 13.2% in 2028. The compound annual growth rate (CAGR) over this five-year forecast period indicates a negative average annual growth of approximately 11.3%.
Future trends to watch for include:
- Technological advancements in marine fuel alternatives that could impact demand for traditional fuels.
- Shifts in environmental regulations that may influence fuel consumption and material input dynamics.
- Possible geopolitical developments affecting supply chains and pricing structures globally.