In 2023, Germany led the European machinery sector in natural gas consumption, while notable increases were seen in Hungary and Greece with rises of 4.62% and 5.98%, respectively. Significant reductions occurred in Italy, with a decrease of 24.84%. The five-year CAGR indicates a gradual shift towards declining consumption, particularly among major economies like Germany and France, posing challenges for sustaining earlier gas consumption levels given growing environmental policies.
Future trends to watch include shifts in consumption due to Europe's broader transition towards renewable energy. Economies with growing energy efficiency, like Finland and Ireland, may continue to optimize gas usage, potentially influencing broader regional energy trends.
Top countries in Machinery Sector Final Consumption of Natural Gas by Country
| # | 10 Countries | Thousand Tonnes Of Oil Equivalent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 1,720 | 2023 | -0.48% | -0.56% | View data |
| 2 | 2 United Kingdom | 1,190 | 2023 | +1.52% | +0.87% | View data |
| 3 | 3 France | 621.84 | 2023 | -0.2% | -1.82% | View data |
| 4 | 4 Spain | 408.9 | 2023 | +1.67% | -0.98% | View data |
| 5 | 5 Italy | 327.4 | 2023 | -32.74% | -24.84% | View data |
| 6 | 6 Czech Republic | 248.69 | 2023 | +0.02% | +1.64% | View data |
| 7 | 7 Netherlands | 231.85 | 2023 | -1.93% | -1.79% | View data |
| 8 | 8 Poland | 230.19 | 2023 | +0.72% | -0.79% | View data |
| 9 | 9 Hungary | 225.66 | 2023 | +2.11% | +4.62% | View data |
| 10 | 10 Romania | 159.71 | 2023 | +0.094% | +0.67% | View data |
