In 2023, Italy emerged as the leader in European fuel oil final consumption in the machinery sector, although experiencing a 14.04% decline from the previous year. Spain closely followed, showing a marginal decrease of 0.08%. Greece and the Czech Republic witnessed significant surges, with Greece increasing by 63.93% and the Czech Republic by 31.35%. On the other hand, Germany, Austria, and Croatia saw consumption declines. Most countries showed minimal fluctuations, with only minor positive changes reported in Macedonia, Bosnia and Herzegovina, and Cyprus.
Key future trends to observe include potential policy shifts aiming at reducing carbon emissions, which could affect fuel oil demand. Technological advancements and a shift towards renewable energy in machinery could further alter consumption patterns in European countries. Monitoring these trends is essential for understanding the future landscape of fuel oil utilization in the sector.
Top countries in Fuel Oil Final Consumption in Machinery Sector by Country
| # | 10 Countries | Terajoules | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 1,630 | 2023 | -12.6% | -14.04% | View data |
| 2 | 2 Spain | 1,450 | 2023 | -1.54% | -0.08% | View data |
| 3 | 3 Greece | 591.99 | 2023 | +2.99% | +63.93% | View data |
| 4 | 4 Serbia | 409.81 | 2023 | +8.38% | +21.32% | View data |
| 5 | 5 Austria | 176.71 | 2023 | -10.88% | -2.88% | View data |
| 6 | 6 Czech Republic | 154.38 | 2023 | +2.05% | +31.35% | View data |
| 7 | 7 Germany | 79.78 | 2023 | +0.74% | -8% | View data |
| 8 | 8 Macedonia | 39.99 | 2023 | -0.0025% | +4.1% | View data |
| 9 | 9 Bosnia and Herzegovina | 22.78 | 2023 | +14.44% | +4.81% | View data |
| 10 | 10 Poland | 20.81 | 2021 | +31.14% | View data |
