The analysis of European Gross Electricity Production from Fuel Oil Share in 2023 reveals varied trends among countries. Notably, Spain leads with the highest production value, followed by Greece and France. Notable declines are observed in the United Kingdom and Ukraine, whereas positive growth is recorded in Ireland, Macedonia, and Kosovo. Cyprus, Poland, and Bosnia and Herzegovina also exhibited slight increases, while Slovakia, Austria, and Hungary saw reductions. The compound annual growth rate over the past five years portrays a declining trend in many countries, indicating a shift towards greener energy alternatives.
Future trends to monitor include the continued shift towards renewable energy sources across Europe, driven by environmental policies and technological advancements. Countries showing growth in fuel oil might experience pressure to implement energy transitions to decrease dependency on fossil fuels. Additionally, fluctuating geopolitical factors and economic conditions could heavily influence future production and consumption patterns.
Top countries in Gross Electricity Production from Fuel Oil Share by Country (Terajoules)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Spain | 31.27 | 2023 | +3.17% | -2.6% | View data |
| 2 | 2 Greece | 14.72 | 2023 | +1.73% | -0.83% | View data |
| 3 | 3 France | 14 | 2023 | +0.0076% | -0.91% | View data |
| 4 | 4 Cyprus | 13.82 | 2023 | +7.77% | +1.02% | View data |
| 5 | 5 Poland | 6.28 | 2023 | +0.57% | +0.93% | View data |
| 6 | 6 Germany | 4.28 | 2023 | +0.0079% | -0.18% | View data |
| 7 | 7 Slovakia | 1.48 | 2023 | +0.36% | -3.21% | View data |
| 8 | 8 Austria | 1.23 | 2023 | -9.37% | -2.09% | View data |
| 9 | 9 Portugal | 0.93 | 2023 | -43.93% | -25.32% | View data |
| 10 | 10 Ireland | 0.83 | 2023 | -18.03% | +15.65% | View data |
