In 2023, the final consumption of solid fossil fuels in Germany's industrial sector stood at an estimated 2.89 million tonnes of oil equivalent. Forecasts from 2024 to 2028 indicate a consistent downward trend, with values projected to decrease from 2.8 to 2.45 million tonnes of oil equivalent. Year-on-year percentage variations show a gradual decline, with an approximate annual decrease of 3.2%. The compound annual growth rate (CAGR) over this period is a decline of around 3.7%.
Future trends to watch for:
- Accelerated shift towards renewable energy sources and potential governmental policy changes regarding fossil fuel usage.
- Technological advancements in energy efficiency might further reduce fossil fuel consumption.
- Industrial shifts or economic factors impacting energy demand in Germany.