In 2024, Germany maintained the largest share of European crude oil consumption, although it experienced a slight decline of 1.49% compared to the previous year. Spain and Italy also recorded slight declines, while the Netherlands and Belgium saw increases in their consumption shares. France experienced a notable decline of 3.33%. The United Kingdom, Sweden, and Poland also witnessed reductions in their shares, with declines registered at 1.95%, 2.47%, and 0.89% respectively.
Several countries, including Ukraine, Albania, and Bulgaria, demonstrated positive growth, with Ukraine showing the highest year-on-year increase at 10.39%. On the contrary, Moldova suffered the most severe decline, decreasing by 19.3%.
- Monitor geopolitical tensions and their potential impact on energy supply and consumption patterns in Europe.
- Analyze the shift towards renewable energy and energy transition policies potentially reducing crude oil dependencies.
- Consider economic recovery trajectories post-pandemic, influencing future demand and consumption patterns.
Top countries in Crude Oil Gross Inland Consumption Share by Country (Gigawatthours)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 14.04 | 2023 | -1.42% | -1.49% | View data |
| 2 | 2 Spain | 11.64 | 2023 | +4.66% | -0.03% | View data |
| 3 | 3 Italy | 11.19 | 2023 | +2.51% | -0.34% | View data |
| 4 | 4 Netherlands | 9.92 | 2023 | +2.99% | +0.83% | View data |
| 5 | 5 United Kingdom | 8.21 | 2023 | -2.5% | -1.95% | View data |
| 6 | 6 France | 7.99 | 2023 | +2.25% | -3.33% | View data |
| 7 | 7 Belgium | 5.88 | 2023 | +4.94% | +0.81% | View data |
| 8 | 8 Poland | 4.45 | 2023 | +1.3% | -0.89% | View data |
| 9 | 9 Greece | 4.13 | 2023 | +1.77% | +0.13% | View data |
| 10 | 10 Sweden | 3.04 | 2023 | -0.91% | -2.47% | View data |
