In 2023, Belgium led European marine fuel exports with 7.76 million metric tons but experienced a 4.06% decline from the previous year. The United Kingdom and Sweden each exported 1.43 million metric tons, with Sweden showing a substantial increase of 10.18%. Italy's exports decreased by 4.99% to 1.03 million metric tons. Portugal increased its output by 4.69%, whereas Latvia marked a significant growth of 45.77%. Most countries showed limited growth or declines, with Lithuania showing negligible export activity.
Future trends to watch include:
- Increasing competitiveness in the Baltic and Scandinavian regions, given the robust growth in Latvia and Sweden.
- A possible resurgence in Belgium and Italy, focusing on stabilizing their exports.
- Technological advancements and environmental regulations likely affecting export strategies and volumes across Europe.
Top countries in Marine Fuel Exports by Country
| # | 10 Countries | Thousand Metric Tons | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Belgium | 7,760 | 2023 | +1.2% | -4.06% | View data |
| 2 | 2 United Kingdom | 1,430 | 2023 | +0.37% | +0.51% | View data |
| 3 | 3 Sweden | 1,430 | 2023 | +1.56% | +10.18% | View data |
| 4 | 4 Italy | 1,030 | 2023 | -0.11% | -4.99% | View data |
| 5 | 5 Portugal | 950.99 | 2023 | +13.3% | +4.69% | View data |
| 6 | 6 Cyprus | 304.58 | 2023 | +4.22% | +2.1% | View data |
| 7 | 7 Latvia | 241.86 | 2023 | +6.46% | +45.77% | View data |
| 8 | 8 Estonia | 197.28 | 2023 | +3.49% | +2.48% | View data |
| 9 | 9 Finland | 181.42 | 2023 | +6.35% | -6.15% | View data |
| 10 | 10 Iceland | 71.25 | 2023 | +11.41% | -5.34% | View data |
