The United Kingdom dominated the European fuel oil consumption in the transport equipment sector in 2023, with a 5.68% decrease from the previous year. Other significant players included Spain and the Czech Republic, while Ukraine saw a substantial 30.77% decline. Smaller contributors like Bosnia and Herzegovina, Serbia, and Denmark also experienced declines, albeit to lesser extents. The varied rate of decline across these countries reflects shifting energy consumption patterns and a potential move towards alternative energy sources in transportation.
Future trends to watch include:
- Potential recovery or continued decline in consumption as countries adopt energy-efficient transport technologies.
- Increased influence of EU regulations on reducing carbon emissions, impacting fuel oil consumption.
- Shifts in geopolitical factors could reshape fuel supply logistics and consumption patterns in the region.
Top countries in Fuel Oil Final Consumption in Transport Equipment Sector Share by Country (Gigawatthours)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United Kingdom | 65.51 | 2023 | -3.87% | -5.68% | View data |
| 2 | 2 Spain | 15.07 | 2021 | +20.55% | +3.81% | View data |
| 3 | 3 Czech Republic | 12.22 | 2021 | +99.98% | View data | |
| 4 | 4 Ukraine | 1.85 | 2023 | +3.21% | -30.77% | View data |
| 5 | 5 France | 1.47 | 2021 | +180.19% | -24.95% | View data |
| 6 | 6 Austria | 1.47 | 2021 | +5.6% | -32.12% | View data |
| 7 | 7 Poland | 0.59 | 2021 | View data | ||
| 8 | 8 Sweden | 0.59 | 2021 | +40.03% | -24.99% | View data |
| 9 | 9 Bosnia and Herzegovina | 0.51 | 2023 | +7.64% | -2.4% | View data |
| 10 | 10 Greece | 0.45 | 2021 | +176.82% | View data |
