In 2023, France led the European fuel oil final consumption in the non-metallic minerals sector, followed by Italy and Germany. Notably, France and Italy witnessed significant declines at 15.39% and 21.67%, respectively, whereas Germany showed a positive growth of 12.96%. Cyprus faced the steepest decrease of 30.45%, while Kosovo experienced a growth of 8.91%. Austria also grew by 12.79%. Other countries such as Sweden, Serbia, and Macedonia had slight decreases. Over the last five years, the sector experienced varied fluctuations, stressing the dynamic nature of fuel oil consumption across Europe.
Looking forward, the demand for fuel oil in the non-metallic minerals sector might be influenced by factors such as energy transitions, regulatory changes, and economic conditions. Critical trends to watch include the push for sustainable energy, technological advancements, and geopolitical factors impacting energy markets and consumption patterns notably in major markets such as France and Italy.
Top countries in Fuel Oil Final Consumption in Non-Metallic Minerals Sector by Country
| # | 10 Countries | Gigawatthours | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 France | 2,880 | 2023 | -29.5% | -15.39% | View data |
| 2 | 2 Italy | 1,250 | 2023 | -34.98% | -21.67% | View data |
| 3 | 3 Germany | 425.84 | 2023 | +7.98% | +12.96% | View data |
| 4 | 4 Sweden | 249.95 | 2023 | -5.78% | -0.88% | View data |
| 5 | 5 Belgium | 176.19 | 2023 | -37.37% | -21.05% | View data |
| 6 | 6 Cyprus | 141.64 | 2023 | -50.74% | -30.45% | View data |
| 7 | 7 Spain | 137.63 | 2021 | -5.66% | -2.61% | View data |
| 8 | 8 Serbia | 107.3 | 2023 | +7.03% | -0.29% | View data |
| 9 | 9 Greece | 104.31 | 2021 | +84.95% | +18.61% | View data |
| 10 | 10 Czech Republic | 98.75 | 2023 | -9.59% | -11.12% | View data |
