In 2023, the largest consumers of fuel oil in the European iron and steel sectors were Italy and Spain, with 36.2 and 30.72 terajoules respectively. Macedonia, Sweden, and the UK followed in consumption. Notable declines were observed between 2022 and 2023, particularly in Sweden (16.07%) and the UK (12.04%). Austria was the only country showing a positive trend with a 4.59% increase. These variations highlight shifting dynamics in fuel oil use across Europe.
Future trends to watch in this sector include advancements in energy efficiency, increased adoption of alternative energy sources, and evolving regulatory landscapes pushing for reduced fossil fuel dependence, which may further influence fuel oil consumption patterns across European countries.
Top countries in Fuel Oil Final Consumption in Iron and Steel Sectors Share by Country (Terajoules)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 36.2 | 2023 | +0.62% | -2.91% | View data |
| 2 | 2 Spain | 30.72 | 2023 | +3.73% | -2.82% | View data |
| 3 | 3 Macedonia | 16.4 | 2023 | -7.28% | -1.21% | View data |
| 4 | 4 Sweden | 10.65 | 2023 | -22.97% | -16.07% | View data |
| 5 | 5 United Kingdom | 3.37 | 2023 | -13.53% | -12.04% | View data |
| 6 | 6 Belgium | 0.75 | 2023 | -9.67% | -9.27% | View data |
| 7 | 7 Austria | 0.61 | 2023 | -38.46% | +4.59% | View data |
| 8 | 8 Slovakia | 0.29 | 2023 | 0% | View data | |
| 9 | 9 Greece | 0.28 | 2021 | -2.93% | -18.26% | View data |
| 10 | 10 France | 0.16 | 2021 | -13.56% | -27.23% | View data |
