The Netherlands leads European fuel oil consumption in international maritime bunkers at 25.84 GWh in 2023, followed by Belgium and Spain with 21.56 GWh and 15.92 GWh, respectively. Several countries, including Denmark and Latvia, have experienced significant year-on-year growth in consumption. Conversely, countries like Germany and Norway faced substantial reductions. Over the past five years, much of Europe witnessed fluctuations, with unique growth patterns evident in countries like Sweden and Portugal, reflecting their expanding maritime activities or strategic market shifts.
Looking ahead, key trends to watch include the impact of stricter environmental regulations on maritime fuel consumption, the adoption of alternative fuels, and the evolving trade routes that may affect energy demand in various regions. These factors may drive further disparities in consumption patterns across Europe.
Top countries in Fuel Oil Consumption in International Maritime Bunkers Share by Country (Gigawatthours)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Netherlands | 25.84 | 2023 | -2.45% | -0.94% | View data |
| 2 | 2 Belgium | 21.56 | 2023 | +7.36% | -2.03% | View data |
| 3 | 3 Spain | 15.92 | 2023 | +4.43% | -1.49% | View data |
| 4 | 4 Italy | 6.41 | 2023 | +3.05% | -0.59% | View data |
| 5 | 5 Greece | 6.33 | 2023 | +9.31% | +2.67% | View data |
| 6 | 6 Sweden | 5.62 | 2023 | +3.26% | +8.2% | View data |
| 7 | 7 Malta | 4.92 | 2023 | +2.15% | -2.46% | View data |
| 8 | 8 France | 4.69 | 2023 | +11.3% | -2.33% | View data |
| 9 | 9 Portugal | 2.4 | 2023 | +10.02% | +3.7% | View data |
| 10 | 10 United Kingdom | 1.49 | 2023 | -8.9% | -9.05% | View data |
