In 2023, Germany's fuel oil consumption in the industrial sector was 433.1 thousand tonnes of oil equivalent. The projected data from 2024 to 2028 shows a consistent decline in consumption, dropping from 385.25 thousand tonnes in 2024 to 209.81 thousand tonnes by 2028. This represents an average annual decline (CAGR) of approximately 12.98% over this five-year period. The year-on-year decline from 2024 to 2025 is about 12.67%, from 2025 to 2026 is approximately 13.47%, from 2026 to 2027 is around 14.4%, and from 2027 to 2028 is close to 15.72%.
Future trends to watch include the German industry's potential shift towards alternative energy sources as part of the country's energy transition and sustainability goals. Technological advancements in renewable energy and increased regulatory pressure on carbon emissions may further reduce fuel oil consumption. Monitoring policy changes and industrial adaptation to cleaner energy solutions will be crucial in shaping Germany's energy landscape.
