In 2023, Poland led the European machinery sector in hard coal consumption, followed by Germany and the United Kingdom. Poland experienced a significant decline of 15.77% whereas Germany saw an increase of 5.91%. The United Kingdom and Czech Republic also decreased, while smaller nations like Latvia and Bosnia and Herzegovina showed growth, with Latvia experiencing a notable 14.06% rise. Continued reliance on coal remains evident in some nations, despite general declines.
Future trends indicate a potential pivot towards more sustainable energy sources, with decreasing consumption trends likely driven by EU policies and technological advancements in clean energy adoption, impacting the machinery sector's power matrix.
Top countries in Machinery Sector Final Consumption of Hard Coal Share by Country (Thousand Metric Tons)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Poland | 41.03 | 2023 | -37.41% | -15.77% | View data |
| 2 | 2 Germany | 28.41 | 2023 | -0.41% | +5.91% | View data |
| 3 | 3 United Kingdom | 23.26 | 2023 | -7.69% | -4.36% | View data |
| 4 | 4 Serbia | 10.57 | 2023 | +0.28% | +4.92% | View data |
| 5 | 5 Ukraine | 8.33 | 2023 | +4.88% | +1.46% | View data |
| 6 | 6 Bosnia and Herzegovina | 1.42 | 2023 | +4.27% | +8.58% | View data |
| 7 | 7 Czech Republic | 1.18 | 2023 | +1.33% | -6.47% | View data |
| 8 | 8 Bulgaria | 0.3 | 2023 | -28.9% | -18.87% | View data |
| 9 | 9 Latvia | 0.27 | 2023 | -6.08% | +14.06% | View data |
| 10 | 10 Lithuania | 0.19 | 2023 | 0% | -12.94% | View data |
