In 2023, Italy dominated the European fuel oil consumption in the textile and leather sector with a significant margin despite experiencing a notable decrease of 12.58%. Conversely, Serbia and Bosnia and Herzegovina showed marginal increases in consumption. Macedonia and Ukraine faced declines, with Ukraine's use decreasing sharply by 34.37%. Smaller markets like Bulgaria showed a slight positive trend, while Estonia remained stable. Over the past five years, the compound annual growth rate (CAGR) suggests minor fluctuations but a general decline for larger consumers.
Looking ahead, the European fuel oil demand in this sector might continue to decline due to increased energy efficiency, a shift towards sustainable practices, and economic factors affecting production costs. Countries leading in textile production may explore alternative energy sources, reshaping the consumption landscape. Watch for technological advancements that could offset these trends.
Top countries in Fuel Oil Final Consumption in Textile and Leather Sector Share by Country (Thousand Tonnes Of Oil Equivalent)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 56.76 | 2023 | +8.45% | -12.58% | View data |
| 2 | 2 Serbia | 9.46 | 2023 | +18.69% | +0.88% | View data |
| 3 | 3 Portugal | 7.4 | 2021 | +33.59% | -11.46% | View data |
| 4 | 4 France | 6.77 | 2021 | +112.15% | -7.86% | View data |
| 5 | 5 Macedonia | 5.08 | 2023 | +3.52% | -3.06% | View data |
| 6 | 6 Greece | 4.62 | 2021 | +20.19% | -14.65% | View data |
| 7 | 7 Poland | 2.24 | 2021 | +125% | View data | |
| 8 | 8 Spain | 1.82 | 2021 | -46.94% | -23.31% | View data |
| 9 | 9 Estonia | 1.67 | 2023 | +20.56% | View data | |
| 10 | 10 Bosnia and Herzegovina | 1.33 | 2023 | +13.52% | +2.09% | View data |
