In 2023, Germany led European renewables and biofuels consumption at 18.74 MTOE, followed by France and Italy. Key growth nations included Czech Republic and Belgium. Slovakia stood out with a 17.79% annual growth, while Latvia faced a decline. The UK and Netherlands showed significant usage increases. Serbia showed substantial double-digit growth, whereas Moldova and Iceland faced downturns.
Future Trends to Watch:
- Continued expansion in major markets like Germany, driven by technological advancements and policy support.
- Emerging markets in Eastern Europe exhibit potential despite current low figures, especially Slovakia and Czech Republic.
- Potential challenges may arise from economic instability impacting renewable energy investment.
Top countries in Renewables and Biofuels Available for Final Consumption by Country
| # | 10 Countries | Thousand Tonnes Of Oil Equivalent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 18,740 | 2023 | +2.35% | +2.63% | View data |
| 2 | 2 France | 15,880 | 2023 | +1.91% | +2.01% | View data |
| 3 | 3 Italy | 11,890 | 2023 | +2.24% | +1.67% | View data |
| 4 | 4 Poland | 9,520 | 2023 | +2.53% | +0.36% | View data |
| 5 | 5 Sweden | 9,510 | 2023 | +2.47% | +3.59% | View data |
| 6 | 6 United Kingdom | 7,250 | 2023 | +3.99% | +4.89% | View data |
| 7 | 7 Finland | 7,070 | 2023 | +1.36% | +1.42% | View data |
| 8 | 8 Spain | 6,810 | 2023 | +1.17% | +0.83% | View data |
| 9 | 9 Austria | 4,580 | 2023 | +1.43% | +2.23% | View data |
| 10 | 10 Romania | 4,070 | 2023 | +1.67% | +2.22% | View data |
