The fuel oil final consumption in Denmark's commercial and public services sector saw significant fluctuations between 2013 and 2023, with a notable high in 2014 and a general declining trend thereafter. As of 2023, the consumption stood at 0.43 thousand tonnes of oil equivalent. Year-on-year variations showed substantial volatility: a notable 100% increase in 2014 followed by dramatic drops, including an 86.63% decrease in 2015. Recent years, 2022 and 2023, experienced a significant drop of 43.79% and 15.58%, respectively. The compound annual growth rate (CAGR) over the last five years was -10.44%, indicating a steady decline.
Forecasts suggest a continued downward trend, with a 37.33% negative CAGR expected over the next five years, reaching a mere 0.032 thousand tonnes of oil equivalent by 2028. This represents a drastic overall reduction of 90.33% from 2023 levels.
Future trends to watch for include:
- Shift towards alternative and renewable energy sources in commercial and public services.
- Technological innovations in energy efficiency and consumption reduction.
- Policy changes and government incentives promoting sustainability and reducing fossil fuel dependency.