The European Fuel Oil final consumption in the transport equipment sector varies significantly by country. As of 2023, the United Kingdom leads with 117.61 GWh, followed by Spain and the Czech Republic with 27.06 GWh and 21.94 GWh respectively. Ukraine, France, and Austria have reported much lower usage at 3.31 GWh, 2.65 GWh, and 2.64 GWh. The remaining countries, including Poland, Sweden, and Denmark, show even smaller consumption figures. Year-on-year analysis from 2023 shows a declining trend in some countries, with significant reductions in Ukraine at 30.77%, Serbia at 13.86%, and the UK at 5.68%.
Future trends to watch include:
- Adoption of cleaner and alternative energy sources potentially reducing fuel oil consumption further across Europe, especially in larger consumers like the UK and Spain.
- Policy shifts and technological advancements toward sustainable transport, impacting fuel oil usage across these countries.
- Geopolitical factors affecting supply chains and the oil market could also play a role in fluctuating consumption rates.
Top countries in Fuel Oil Final Consumption in Transport Equipment Sector by Country
| # | 10 Countries | Gigawatthours | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United Kingdom | 117.61 | 2023 | -3.87% | -5.68% | View data |
| 2 | 2 Spain | 27.06 | 2021 | +20.55% | +3.81% | View data |
| 3 | 3 Czech Republic | 21.94 | 2021 | +99.98% | View data | |
| 4 | 4 Ukraine | 3.31 | 2023 | +3.21% | -30.77% | View data |
| 5 | 5 France | 2.65 | 2021 | +180.19% | -24.95% | View data |
| 6 | 6 Austria | 2.64 | 2021 | +5.6% | -32.12% | View data |
| 7 | 7 Poland | 1.06 | 2021 | View data | ||
| 8 | 8 Sweden | 1.05 | 2021 | +40.03% | -24.99% | View data |
| 9 | 9 Bosnia and Herzegovina | 0.92 | 2023 | +7.64% | -2.4% | View data |
| 10 | 10 Greece | 0.8 | 2021 | +176.82% | View data |
