The European domestic navigation sector for renewable and biofuel consumption in 2023 shows Finland leading with the highest share, followed by Sweden and Norway. Notably, Finland experienced a significant increase of 37.92% year-on-year. The Netherlands also saw substantial growth, exhibiting a 31.69% increase, while Portugal and Spain experienced declines of -5.82% and -6.93%, respectively. The compounded annual growth rate over the past five years indicates that Northern European countries are steadily advancing, whereas Southern Europe shows mixed trends.
Looking ahead, expect this sector to predominantly focus on technological innovations and policy developments favoring greener fuels. Increasing government regulations and the push for sustainability will likely drive growth, with Northern European nations continuing to lead adoption rates.
Top countries in Domestic Navigation Sector Final Consumption of Renewables and Biofuels Share by Country (Terajoules)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Finland | 25.06 | 2023 | +20.37% | +37.92% | View data |
| 2 | 2 Sweden | 21.21 | 2023 | +7.57% | View data | |
| 3 | 3 Norway | 19.15 | 2023 | +2.65% | +10.94% | View data |
| 4 | 4 Netherlands | 14.17 | 2023 | +46.61% | +31.69% | View data |
| 5 | 5 France | 12.67 | 2023 | +9.82% | +5.47% | View data |
| 6 | 6 Portugal | 4.31 | 2023 | -0.63% | -5.82% | View data |
| 7 | 7 Spain | 1.61 | 2023 | +2.77% | -6.93% | View data |
| 8 | 8 Greece | 1.22 | 2023 | +5.94% | +9.78% | View data |
| 9 | 9 Cyprus | 0.35 | 2023 | +35.06% | View data | |
| 10 | 10 Malta | 0.2 | 2023 | +4.07% | +5.61% | View data |
