In 2023, the Netherlands dominated European fuel oil exports with a significant share of 38.25 terajoules, exhibiting a year-on-year increase of 16.21%. Belgium, despite its second-largest share, saw a slight decline of 2.23%. Other major exporters like France, Italy, and Greece experienced modest reductions. Denmark and Germany, however, displayed healthy growth rates of 6.4% and 7.8%, respectively. Notably, Malta increased its exports by 10.12%, whereas the UK and Bulgaria faced declines over 12%. Austria and Sweden also saw declines in their fuel oil export shares.
- Future trends to watch for:
- Continued dominance by the Netherlands in the export sector.
- Potential challenges for countries experiencing consistent export reductions, such as France and the UK.
- Emerging opportunities for countries with recent significant growth like Bosnia and Herzegovina.
- Monitoring geopolitical and environmental policies affecting the European fuel market dynamics.
Top countries in Fuel Oil Exports Share by Country (Terajoules)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Netherlands | 38.25 | 2023 | -0.54% | +16.21% | View data |
| 2 | 2 Belgium | 8.06 | 2023 | +5.58% | -2.23% | View data |
| 3 | 3 France | 6.4 | 2023 | +9.85% | -3.41% | View data |
| 4 | 4 Italy | 6.36 | 2023 | +2.23% | -1.69% | View data |
| 5 | 5 Denmark | 6.13 | 2023 | -0.22% | +6.4% | View data |
| 6 | 6 Germany | 6.07 | 2023 | +3.45% | +7.8% | View data |
| 7 | 7 Greece | 5.04 | 2023 | +5.52% | -3.4% | View data |
| 8 | 8 Sweden | 4.43 | 2023 | -0.75% | -9.2% | View data |
| 9 | 9 Poland | 3.8 | 2023 | +13.83% | -2.93% | View data |
| 10 | 10 Spain | 3.27 | 2023 | -3.75% | -11.18% | View data |
