The analysis of European fuel oil consumption in mining and quarrying shows that in 2023, Sweden led with 2.0 thousand terajoules, followed by Greece with 1.85. Italy, despite a large economy, consumed relatively less at 0.59. Minor consumers included the Czech Republic, Finland, and Portugal, with the Czech Republic experiencing a significant rise of 24.96% year-on-year in 2023. Conversely, Bulgaria saw the largest decline of 15.79%. Overall, consumption trends over the past five years have varied, but the sector saw fluctuations, indicating changes in energy efficiency or mining activity levels.
Future trends to watch for include:
- The potential for stricter environmental regulations which might lead to reduced fuel oil consumption.
- The adoption of alternative energy sources in mining operations as sustainability grows in importance.
- The economic recovery post-pandemic potentially increasing mining activity and thus fuel oil consumption in some sectors.
- Technological advancements in mining which might improve energy efficiency, thereby reducing fuel demand.
Top countries in Fuel Oil Final Consumption in Mining and Quarrying by Country
| # | 10 Countries | Terajoules | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Sweden | 2,000 | 2023 | +2.87% | -1.14% | View data |
| 2 | 2 Greece | 1,850 | 2023 | +10.04% | +1.52% | View data |
| 3 | 3 Italy | 590.24 | 2023 | +7.23% | -0.33% | View data |
| 4 | 4 Czech Republic | 120.34 | 2023 | +0.88% | +24.96% | View data |
| 5 | 5 Finland | 80.8 | 2021 | 0% | -16.74% | View data |
| 6 | 6 Portugal | 53.83 | 2023 | +6.72% | +2.73% | View data |
| 7 | 7 Bulgaria | 46.25 | 2023 | -16.71% | -15.79% | View data |
| 8 | 8 Austria | 26.75 | 2023 | -5.4% | -2.47% | View data |
| 9 | 9 Romania | 22.51 | 2023 | -8.15% | -0.4% | View data |
| 10 | 10 Bosnia and Herzegovina | 19.54 | 2023 | -9.46% | -10.53% | View data |
