Germany leads in the share of European renewables and biofuels available for final consumption with 14.28 thousand tonnes of oil equivalent, followed by France and Italy. Notably, Slovakia and Serbia showed significant year-on-year growth rates in 2023, with Slovakia experiencing a remarkable 17.79% increase. In contrast, Latvia and Iceland saw declines. The compounded annual growth rate over the last five years highlights booming sectors in countries like Belgium and the Netherlands.
Future trends to watch for include:
- Continued growth and investment in renewable energy infrastructure across Europe.
- Potential policy shifts due to geopolitical influences, potentially impacting renewable energy priorities.
- Advancements in technology and efficiency improvements for more sustainable biofuel production.
- Emerging market opportunities in Eastern Europe as adoption rates increase.
Top countries in Renewables and Biofuels Available for Final Consumption Share by Country (Thousand Tonnes Of Oil Equivalent)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 14.28 | 2023 | +2.35% | +2.63% | View data |
| 2 | 2 France | 12.09 | 2023 | +1.91% | +2.01% | View data |
| 3 | 3 Italy | 9.05 | 2023 | +2.24% | +1.67% | View data |
| 4 | 4 Poland | 7.25 | 2023 | +2.53% | +0.36% | View data |
| 5 | 5 Sweden | 7.24 | 2023 | +2.47% | +3.59% | View data |
| 6 | 6 United Kingdom | 5.52 | 2023 | +3.99% | +4.89% | View data |
| 7 | 7 Finland | 5.39 | 2023 | +1.36% | +1.42% | View data |
| 8 | 8 Spain | 5.19 | 2023 | +1.17% | +0.83% | View data |
| 9 | 9 Austria | 3.49 | 2023 | +1.43% | +2.23% | View data |
| 10 | 10 Romania | 3.1 | 2023 | +1.67% | +2.22% | View data |
