In 2023, Germany dominated the European renewables and biofuels consumption in the transport equipment sector, contributing significantly at 62.08 thousand tonnes of oil equivalent. France and Austria followed, with notable shares of 19.3 and 4.39, respectively. Between 2022 and 2023, Germany and Poland experienced the most substantial annual growth, with Germany increasing by 44.05% and Poland by 49.37%. Sweden and Hungary saw declines, while countries like Serbia and Denmark showed notable growth. Across five years, a mixed but upward trend is evident, highlighting variability yet increased collective focus on sustainable fuels.
Future trends to watch include:
- An expected continued emphasis on reducing carbon emissions, driving higher adoption of renewables in transport.
- Technological advances in biofuel production that could shift consumption patterns and growth rates.
- Policy changes within Europe aimed at boosting sustainable transport could further accelerate consumption across various countries.
- Potential economic fluctuations impacting the scale of investment in renewable technologies.
Top countries in Renewables and Biofuels Final Consumption in Transport Equipment Sector Share by Country (Thousand Tonnes Of Oil Equivalent)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 62.08 | 2023 | +11.11% | +44.05% | View data |
| 2 | 2 France | 19.3 | 2023 | +7.17% | +12.7% | View data |
| 3 | 3 Austria | 4.39 | 2023 | +2.77% | +17.26% | View data |
| 4 | 4 Sweden | 4.35 | 2023 | +2.75% | -3.59% | View data |
| 5 | 5 Denmark | 1.89 | 2023 | +2.19% | +22.36% | View data |
| 6 | 6 Serbia | 1.15 | 2023 | +8.9% | +11.63% | View data |
| 7 | 7 Spain | 1.01 | 2023 | +2.81% | +2.22% | View data |
| 8 | 8 Ukraine | 1.01 | 2023 | +12.32% | -0.073% | View data |
| 9 | 9 Portugal | 0.88 | 2023 | +8.37% | +10.18% | View data |
| 10 | 10 Poland | 0.76 | 2023 | +8.2% | +49.37% | View data |
