The consumption of European Gas Oil and Diesel Oil in international maritime bunkers demonstrates distinct country-specific trends. Spain leads with a significant share, showing a robust year-on-year increase of 17.64% in 2023. Latvia experienced the highest growth rate at 33.9%, while Slovenia also saw substantial increases of 21.77%. Conversely, countries like Norway, Serbia, and Estonia saw declines, indicating regional variability in demand dynamics. Over the last five years, the overall trend shows moderate growth, with a compounded annual growth reflective of the evolving energy landscape and maritime transport's adaptation to regional economic conditions.
Future trends to watch include:
- The ongoing impact of environmental regulations impacting fuel composition and consumption levels.
- Technological innovations that may improve fuel efficiency or introduce alternative energy sources in maritime transport.
- Economic fluctuations influencing trade volumes and consequently fuel demand.
- The shift towards more sustainable fuel options, potentially affecting traditional diesel oil consumption.
Top countries in Gas Oil and Diesel Oil (Excluding Biofuel Portion) Consumption in International Maritime Bunkers Share by Country (Gigawatthours)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Spain | 21.26 | 2023 | +1.43% | +17.64% | View data |
| 2 | 2 Netherlands | 14.7 | 2023 | +0.27% | -0.55% | View data |
| 3 | 3 United Kingdom | 13.05 | 2023 | +1.49% | +1.24% | View data |
| 4 | 4 Belgium | 11.37 | 2023 | +1.21% | +3.23% | View data |
| 5 | 5 Sweden | 6.16 | 2023 | +1.08% | +9.29% | View data |
| 6 | 6 Germany | 5.42 | 2023 | +6.09% | -0.43% | View data |
| 7 | 7 Italy | 5.02 | 2023 | -1.04% | +6.8% | View data |
| 8 | 8 Malta | 3.03 | 2023 | +2.68% | +2.27% | View data |
| 9 | 9 Greece | 2.91 | 2023 | +3.99% | +3.75% | View data |
| 10 | 10 Denmark | 2.71 | 2023 | +0.34% | -0.51% | View data |
