The Netherlands dominates European fuel oil imports with a substantial increase of 16.27% in 2023, capturing a significant share. Spain and Belgium maintain moderate levels, while smaller importers like Ireland and Serbia see notable growth, at 38.83% and 49.93% respectively. Negative trends are observed in Italy and Austria, suffering declines of 7.88% and 9.62%. Over five years, compound annual growth rates highlight a mixed market with differing trajectories across countries. Key insights include:
- Netherlands: Strong growth and market dominance.
- Ireland and Serbia: Emerging growth markets.
- Italy and Austria: Notable declines affecting import shares.
In the future, European fuel oil imports are likely to be influenced by demand shifts, energy policies, and geopolitical dynamics. A focus on renewable energy sources might slow imports, while economic factors in major importing countries could disrupt trends. Monitoring these factors will be crucial for understanding upcoming changes in the fuel oil import landscape.
Top countries in Fuel Oil Imports Share by Country (Gigawatthours)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Netherlands | 45.73 | 2023 | -0.018% | +16.27% | View data |
| 2 | 2 Spain | 12.05 | 2023 | +12.07% | +0.12% | View data |
| 3 | 3 Belgium | 9.07 | 2023 | +4.19% | -1.65% | View data |
| 4 | 4 France | 4.98 | 2023 | +9.96% | -2.01% | View data |
| 5 | 5 Denmark | 4.05 | 2023 | +1.33% | +6.62% | View data |
| 6 | 6 Greece | 3.97 | 2023 | +10.9% | +7.41% | View data |
| 7 | 7 Malta | 2.78 | 2023 | +2.09% | -3.89% | View data |
| 8 | 8 Germany | 2.71 | 2023 | -2.03% | -4.84% | View data |
| 9 | 9 Norway | 2.21 | 2023 | +0.85% | -1.27% | View data |
| 10 | 10 Italy | 1.81 | 2023 | -3.59% | -7.88% | View data |
