The analysis of European fuel oil consumption in the commercial and public services sectors in 2023 reveals notable country-specific divergences. The United Kingdom, with a consumption of 37.71 GWh, continues to lead despite a 5.4% year-on-year decline. Finland had a modest growth of 1.28%, while Serbia, Portugal, and Macedonia saw significant reductions at -8.53%, -14.85%, and -8.73%, respectively. Noteworthy growth was seen in the Czech Republic at 15.23% and Bulgaria at 9.31%, while countries like Spain and Denmark experienced considerable declines, at -51.78% and -32.67%, respectively.
Future trends to watch include:
- Shifting towards renewable energy sources may lead to further decreases in fuel oil consumption.
- Economic recoveries may affect consumption variances across different regions.
- Government policies on carbon emissions and energy consumption are likely to play a pivotal role in shaping consumption patterns.
Top countries in Fuel Oil Final Consumption in Commercial and Public Services Share by Country (Gigawatthours)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United Kingdom | 37.71 | 2023 | -5.98% | -5.4% | View data |
| 2 | 2 Finland | 18.87 | 2023 | +1.03% | +1.28% | View data |
| 3 | 3 Serbia | 12.45 | 2023 | +0.0078% | -8.53% | View data |
| 4 | 4 Austria | 9.64 | 2021 | +8600% | -6.05% | View data |
| 5 | 5 Portugal | 4.16 | 2023 | -14.17% | -14.85% | View data |
| 6 | 6 Czech Republic | 3.23 | 2023 | +2.75% | +15.23% | View data |
| 7 | 7 Malta | 2.81 | 2023 | +2.55% | +9.6% | View data |
| 8 | 8 Ukraine | 2.38 | 2023 | +1.92% | -2.41% | View data |
| 9 | 9 Macedonia | 2.18 | 2023 | -23.81% | -8.73% | View data |
| 10 | 10 Spain | 1.87 | 2023 | -91.76% | -51.78% | View data |
