In 2023, Sweden led in European blended biodiesel consumption in the chemical and petrochemical sectors with a strong growth of 14.96%. France and Portugal also showed positive growth, at 5.53% and 11.47% respectively. Other countries such as Cyprus, Latvia, Norway, and Finland showed no growth, while Greece experienced a significant decline of 31.39%. Austria's biodiesel consumption displayed a minimal increase of 0.93%. The compounded annual growth rates (CAGR) over the last five years reflect steady usage with the dominance of Sweden and resilience in France and Portugal.
Future trends to watch in this sector include advances in biodiesel technology, increased environmental regulations fostering demand, and enhanced production capacities. Emerging markets within Europe may see higher consumption rates driven by energy transitions, while established markets like Sweden might continue their upward trajectory with injections of green energy initiatives.
Top countries in Blended Biodiesels Final Consumption in Chemical and Petrochemical Sectors by Country
| # | 9 Countries | Gigawatthours | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Sweden | 6.75 | 2023 | +13.55% | +14.96% | View data |
| 2 | 2 France | 3.42 | 2023 | +9.69% | +5.53% | View data |
| 3 | 3 Portugal | 1.72 | 2023 | +7.59% | +11.47% | View data |
| 4 | 4 Cyprus | 0.31 | 2023 | +2.61% | View data | |
| 5 | 5 Greece | 0.27 | 2023 | +12.86% | -31.39% | View data |
| 6 | 6 Latvia | 0.2 | 2023 | +4.21% | View data | |
| 7 | 7 Norway | 0.15 | 2023 | +4.76% | View data | |
| 8 | 8 Finland | 0.095 | 2023 | +4.4% | View data | |
| 9 | 9 Austria | 0.022 | 2023 | 0% | +0.93% | View data |
