Denmark leads with a positive marine fuel trade balance, showing a strong year-on-year increase of 1.23% in 2023. Norway saw a significant decline by 4.32%, whereas Greece and Malta showed growth, with Greece increasing by 2.64% and Malta by 14.47%. Notably, Italy's balance improved by 7.57%. Several countries like Bulgaria, Portugal, and Latvia remained stagnant in 2023. A consistent decline was evident in France and the UK, with France showing a decrease of 7.79% and the UK by 19.73%.
Looking ahead, the European marine fuel market is poised for dynamic shifts influenced by environmental regulations and technological advancements. Sustainability trends and alternative fuel adoption could significantly impact future trade balances across countries, favoring those investing early in innovation and clean energy solutions.
Top countries in Marine Fuel Trade Balance by Country
| # | 10 Countries | Metric Tons Per Capita | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Denmark | 2.17 | 2023 | +4.63% | +1.23% | View data |
| 2 | 2 Norway | 0.67 | 2023 | 0% | -4.32% | View data |
| 3 | 3 Greece | 0.42 | 2023 | +1.96% | +2.64% | View data |
| 4 | 4 Iceland | 0.18 | 2023 | +7.02% | View data | |
| 5 | 5 Germany | 0.14 | 2023 | +6.15% | -1.12% | View data |
| 6 | 6 Finland | 0.041 | 2023 | 0% | +2.64% | View data |
| 7 | 7 Italy | 0.036 | 2023 | +9.09% | +7.57% | View data |
| 8 | 8 France | 0.006 | 2023 | 0% | -7.79% | View data |
| 9 | 9 United Kingdom | 0.004 | 2023 | -33.33% | -19.73% | View data |
| 10 | 10 Malta | 0.003 | 2023 | +50% | +14.47% | View data |
