In 2023, China led in global petroleum consumer support at $24.39 million, with France and the UK showing significant growth at 4.07% and 7.63%, respectively. Russia exhibited a notable rise of 9.4%, whereas the United States declined by 3.48%. Developing countries like Ukraine displayed remarkable growth with a 31.11% increase, while nations like Indonesia and Colombia saw decreases of 19.61% and 6.35%, respectively.
Future trends to watch include the impact of energy transitions, geopolitical tensions, and economic growth in emerging markets, which are likely to reshape global petroleum support dynamics. The shift towards renewable energy could also influence future government support levels in this sector.
Top countries in Total Support on Petroleum for Consumers Share by Country (Million US Dollars, Constant = 2020)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 24.39 | 2023 | -1.17% | +1.59% | View data |
| 2 | 2 India | 10.68 | 2023 | +5.88% | -2.65% | View data |
| 3 | 3 France | 8.58 | 2023 | +4.68% | +4.07% | View data |
| 4 | 4 Italy | 8.03 | 2023 | +2.94% | +1.98% | View data |
| 5 | 5 United Kingdom | 7.79 | 2023 | +9.86% | +7.63% | View data |
| 6 | 6 Argentina | 5.26 | 2023 | +4.97% | +4.5% | View data |
| 7 | 7 Australia | 4.47 | 2023 | +4.36% | +2.74% | View data |
| 8 | 8 Belgium | 3.33 | 2023 | +2% | +1.49% | View data |
| 9 | 9 South Africa | 2.45 | 2023 | +6.82% | +2.52% | View data |
| 10 | 10 Switzerland | 2.39 | 2023 | +11.55% | +0.87% | View data |
