Germany leads the European renewables and biofuels final consumption in the wood and wood products sector, with notable high consumption alongside Poland, which exhibited a significant 6.8% increase in 2023. Spain, despite having lower consumption figures, showed a steady increase. In contrast, countries like Sweden and France observed declines in consumption. Eastern European countries, such as Lithuania and Serbia, presented strong growth rates, while Romania and Italy maintained moderate increases. Greece, Slovenia, and Ukraine also noted substantial growth, indicating upward trends in consumption across diverse markets.
Future trends to watch in the European renewables and biofuels sector include the shift toward sustainable energy sources, underpinned by increasing government regulations and policies favoring biofuels. Innovations in wood and wood products could push consumption higher, with potential growth in countries currently showing momentum, such as Poland and Hungary. However, market volatility and policy changes could introduce uncertainties, necessitating close monitoring of regulatory developments and economic shifts.
Top countries in Renewables and Biofuels Final Consumption in Wood and Wood Products Sector by Country
| # | 10 Countries | Gigawatthours | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 15,300 | 2023 | +1.13% | +1.84% | View data |
| 2 | 2 Poland | 10,340 | 2023 | +4.59% | +6.8% | View data |
| 3 | 3 Spain | 5,210 | 2023 | +3.01% | +1.4% | View data |
| 4 | 4 Latvia | 4,580 | 2023 | +3.46% | +4.83% | View data |
| 5 | 5 Sweden | 3,950 | 2023 | -1.69% | -3.49% | View data |
| 6 | 6 France | 3,550 | 2023 | -2.65% | -4.1% | View data |
| 7 | 7 Austria | 3,550 | 2023 | +2.25% | +1.61% | View data |
| 8 | 8 Finland | 2,720 | 2023 | +0.47% | +1.82% | View data |
| 9 | 9 Belgium | 2,190 | 2023 | +1.83% | +1.24% | View data |
| 10 | 10 Romania | 2,090 | 2023 | +6.85% | +1.48% | View data |
