In 2023, Sweden led with 18.13 million tonnes of oil equivalent (Mtoe), followed closely by Finland (16.16 Mtoe) and Germany (11.63 Mtoe). Notable growth trends include Norway (7.3%), Hungary (11.04%), Czech Republic (4.3%), and the United Kingdom (4.29%). Conversely, Iceland (-19.11%), Luxembourg (-2.81%), and the Netherlands (-1.38%) displayed negative growth. The final consumption landscape is evolving with solid growth in several key regions, showing promising trends for biofuels in European industry.
Future trends to watch for include advancements in renewable technologies and regulatory frameworks aimed at lowering carbon emissions. Growth is expected to continually rise, particularly in countries investing heavily in renewable energy infrastructure, driven by increased policy support and innovation in the sector.
Top countries in Renewables and Biofuels Final Consumption in Industry Share by Country (Thousand Tonnes Of Oil Equivalent)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Sweden | 18.13 | 2023 | +0.57% | +2.19% | View data |
| 2 | 2 Finland | 16.16 | 2023 | +1.39% | +0.39% | View data |
| 3 | 3 Germany | 11.63 | 2023 | +1.87% | +1.99% | View data |
| 4 | 4 Spain | 7.72 | 2023 | +0.62% | +0.75% | View data |
| 5 | 5 Poland | 6.85 | 2023 | +2.42% | +0.83% | View data |
| 6 | 6 United Kingdom | 5.57 | 2023 | +4.28% | +4.29% | View data |
| 7 | 7 France | 5.52 | 2023 | -0.045% | -0.53% | View data |
| 8 | 8 Austria | 4.82 | 2023 | +1.18% | +1.18% | View data |
| 9 | 9 Portugal | 3.8 | 2023 | -0.56% | -0.39% | View data |
| 10 | 10 Belgium | 2.64 | 2023 | -0.21% | -0.92% | View data |