As of 2023, the fuel oil final consumption in the non-metallic minerals sector in Germany was forecasted to reach 116.25 thousand tonnes of oil equivalent. From 2024 to 2028, consumption is expected to demonstrate a steady upward trend, increasing year-on-year by approximately 4.9% on average. The compound annual growth rate over this five-year forecast period is projected to be around 3.5%, indicating a consistent rise in fuel oil demand within this sector.
Future trends to watch include:
- Potential policy changes aimed at reducing fossil fuel dependency could impact fuel oil consumption in this industry.
- Technological advancements in renewable energy may offer cost-effective alternatives, leading to shifts in consumption patterns.
- Sector-specific advancements in manufacturing processes could lead to improved energy efficiency, potentially moderating future fuel oil demand.