The Netherlands leads European maritime bunkers in natural gas consumption, showing a significant growth of 65.8% in the last year. Norway and Estonia also performed positively, with year-on-year growth rates of 5.14% and 9.86%, respectively. Spain's consumption surged by 64.86%, while Sweden experienced a slight decline of 3.18%. Belgium recorded a modest increase of 4.46%, while Finland saw a decrease of 6.47%. Over the past five years, the compound annual growth rate (CAGR) indicates a mixed performance across countries, reflecting varying market dynamics and infrastructure investments.
Future trends to monitor include:
- Expansion in LNG infrastructure to support growing demands.
- Regulatory changes affecting environmental standards and fuel usage.
- Innovations in technology aimed at improving efficiency and reducing emissions.
Top countries in International Maritime Bunkers Consumption of Natural Gas by Country
| # | 7 Countries | Terajoules | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Netherlands | 6,840 | 2023 | +15.67% | +65.8% | View data |
| 2 | 2 Norway | 2,690 | 2023 | +5.22% | +5.14% | View data |
| 3 | 3 Estonia | 1,110 | 2023 | +4.69% | +9.86% | View data |
| 4 | 4 Spain | 920.67 | 2023 | +34.46% | +64.86% | View data |
| 5 | 5 Sweden | 761.93 | 2023 | +2% | -3.18% | View data |
| 6 | 6 Belgium | 451.14 | 2023 | +24.58% | +4.46% | View data |
| 7 | 7 Finland | 37.43 | 2023 | +3.58% | -6.47% | View data |
