The 2023 data reveals that Spain is leading in the consumption of gas oil and diesel oil in the European maritime bunkers, with substantial growth of 17.44% over the previous year. Netherlands and Germany showed marginal declines, while Italy and Belgium experienced moderate increments. Notably, Latvia and Slovenia observed significant surges, highlighting potential shifts in regional maritime oil demand. The five-year CAGR suggests diversification in consumption patterns, reflecting varying economic activities, maritime routes, and energy diversification efforts across the continent.
Future trends to watch include:
- The impact of European Union regulatory changes towards greener fuels.
- Further shifts in consumption driven by economic growth or downturns in key shipping nations like Spain and Netherlands.
- Technological advancements in shipping with increased adoption of new, more efficient fuel types.
- Potential geopolitical developments affecting maritime trade routes and subsequently, oil consumption.
Top countries in Gas Oil and Diesel Oil (Excluding Biofuel Portion) Consumption in International Maritime Bunkers Share by Country (Thousand Tonnes Of Oil Equivalent)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Spain | 21.16 | 2023 | +1.04% | +17.44% | View data |
| 2 | 2 Netherlands | 14.76 | 2023 | +0.26% | -0.55% | View data |
| 3 | 3 United Kingdom | 13.11 | 2023 | +1.49% | +1.24% | View data |
| 4 | 4 Belgium | 11.49 | 2023 | +1.33% | +3.08% | View data |
| 5 | 5 Sweden | 6.08 | 2023 | +1.08% | +9.29% | View data |
| 6 | 6 Germany | 5.44 | 2023 | +6.09% | -0.43% | View data |
| 7 | 7 Italy | 5.12 | 2023 | -0.24% | +7.15% | View data |
| 8 | 8 Malta | 3.07 | 2023 | +2.7% | +2.34% | View data |
| 9 | 9 Greece | 2.95 | 2023 | +5.81% | +4.01% | View data |
| 10 | 10 Denmark | 2.7 | 2023 | +0.058% | -0.62% | View data |
