In 2023, Norway leads the European renewables and biofuels consumption in chemical and petrochemical sectors, with a notable 29.6% year-on-year increase. France and the UK follow, growing by 10.49% and 12.28% respectively. Germany showed modest growth, whereas Austria and Italy saw slight declines. Major growth was observed in Ukraine (34.3%) and Macedonia (68.44%), signaling a shift in smaller markets. Conversely, Greece experienced a significant drop of 31.38%. Over a five-year span, consistent growth was evident in Norway and Sweden, indicating a robust upward trend in Northern Europe.
Future trends to watch include the potential for increased renewables adoption driven by EU policies and technological advancements. Growth in Central and Eastern Europe may rise as infrastructure improves, while countries like Norway and Sweden might continue setting benchmarks for renewables in the sector.
Top countries in Renewables and Biofuels Final Consumption in Chemical and Petrochemical Sectors Share by Country (Terajoules)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Norway | 25.48 | 2023 | +9.54% | +29.6% | View data |
| 2 | 2 France | 17.12 | 2023 | +3.26% | +10.49% | View data |
| 3 | 3 Germany | 12 | 2023 | +2.6% | +3.73% | View data |
| 4 | 4 United Kingdom | 9.71 | 2023 | +6.37% | +12.28% | View data |
| 5 | 5 Austria | 7 | 2023 | +4.37% | -1.37% | View data |
| 6 | 6 Sweden | 6.71 | 2023 | +7.85% | +28.47% | View data |
| 7 | 7 Slovenia | 2.89 | 2023 | +2.58% | +2.83% | View data |
| 8 | 8 Serbia | 2.86 | 2023 | +22.68% | +29.18% | View data |
| 9 | 9 Denmark | 2.57 | 2023 | +13.37% | +19.89% | View data |
| 10 | 10 Lithuania | 2.17 | 2023 | +2.62% | +2.36% | View data |
