The Netherlands leads European fuel oil consumption in maritime bunkers with 360.27 thousand terajoules. In 2023, a slight decrease of 0.94% was observed. Notable year-on-year increases include Denmark at 12.23% and Sweden at 8.2%. However, Germany and the UK showcased significant declines at -23.76% and -9.05%, respectively. Latvia stood out with a remarkable 50.74% increase. Over the past five years, trends indicate a slight average annual growth in countries like Greece, Portugal, and Estonia, while others, like Belgium and Malta, depict a consistent decline.
Future trends to watch include the impact of stricter environmental regulations, especially in Northern Europe, which may prompt cleaner shipping technologies, affecting traditional fuel consumption. Emerging logistical routes due to geopolitical shifts and the growth of LNG as an alternative will also play crucial roles.
Top countries in Fuel Oil Consumption in International Maritime Bunkers by Country
| # | 10 Countries | Terajoules | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Netherlands | 360,270 | 2023 | -2.45% | -0.94% | View data |
| 2 | 2 Belgium | 300,680 | 2023 | +7.36% | -2.03% | View data |
| 3 | 3 Spain | 222,050 | 2023 | +4.43% | -1.49% | View data |
| 4 | 4 Italy | 89,380 | 2023 | +3.05% | -0.59% | View data |
| 5 | 5 Greece | 88,310 | 2023 | +9.31% | +2.67% | View data |
| 6 | 6 Sweden | 78,310 | 2023 | +3.26% | +8.2% | View data |
| 7 | 7 Malta | 67,750 | 2023 | +2.08% | -2.51% | View data |
| 8 | 8 France | 65,460 | 2023 | +11.3% | -2.33% | View data |
| 9 | 9 Portugal | 34,040 | 2023 | +10.03% | +3.55% | View data |
| 10 | 10 United Kingdom | 20,720 | 2023 | -8.9% | -9.05% | View data |
