Key Market Indicators
Luxembourg's fuel imports took a significant hit in 2023, plummeting to approximately 6,900 cubic meters from around 9,100 cubic meters in 2022. This marks a steep 25% decrease compared to the previous year. Over the long term, since 2005, the country's fuel demand has consistently declined by nearly 19% annually. On the export front, Luxembourg reported a sharp drop in fuel exports in 2022, with figures falling to just 70 cubic meters from 200 cubic meters in 2021. This represents a dramatic 63% decrease year-on-year. However, looking at the broader trend since 2005, Luxembourg's fuel supply has increased by over 28% annually.
