The 2023 data depicts Sweden as the leader in European blended biodiesel consumption within chemical and petrochemical sectors, reflecting a substantial 14.95% year-on-year increase. France also marked a significant 5.5% rise. Portugal saw a 12.06% growth, while Cyprus, Latvia, Norway, Finland, and Austria recorded stable usage. Greece experienced a considerable 31.63% decline, indicating potential challenges. The overall trend from past years shows a steady rise in consumption across most countries, driven by environmental initiatives. Despite some fluctuations, the compounded annual growth rate (CAGR) over the last five years suggests consistent progress, primarily in Sweden, France, and Portugal.
Future trends to watch include increased adoption spurred by stricter environmental regulations and technological advancements in biodiesel production. Nations may enhance their focus on blending targets, with Sweden and France poised to lead through innovation and supportive policies. Monitoring Greece’s recovery strategies and potential market entries by countries with stable consumption may provide additional insights into regional dynamics in biodiesel uptake.
Top countries in Blended Biodiesels Final Consumption in Chemical and Petrochemical Sectors by Country
| # | 9 Countries | Thousand Tonnes Of Oil Equivalent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Sweden | 0.58 | 2023 | +13.5% | +14.95% | View data |
| 2 | 2 France | 0.29 | 2023 | +9.7% | +5.5% | View data |
| 3 | 3 Portugal | 0.15 | 2023 | +9.35% | +12.06% | View data |
| 4 | 4 Cyprus | 0.032 | 2023 | +10.34% | View data | |
| 5 | 5 Greece | 0.023 | 2023 | +9.52% | -31.63% | View data |
| 6 | 6 Latvia | 0.017 | 2023 | 0% | View data | |
| 7 | 7 Norway | 0.013 | 2023 | 0% | View data | |
| 8 | 8 Finland | 0.008 | 2023 | 0% | View data | |
| 9 | 9 Austria | 0.002 | 2023 | 0% | 0% | View data |
