Among European countries, Sweden leads in the consumption of renewables and biofuels in the mining and quarrying sector, with a notable year-on-year growth of 24.13% in 2023. Finland and Denmark also show significant increases, marking 24.9% and 13.4% rises, respectively. Conversely, nations like Germany and Greece have experienced declines of 8.73% and 6.03%. Most other countries demonstrated stability or minor fluctuations, with some like the Netherlands and Norway maintaining steady consumption levels. The compound annual growth rate provides insight into long-term trends, illustrating regional variations in adoption and integration of renewables.
Future trends to observe include:
- The potential expansion of renewable energy infrastructure in lower-ranking countries to meet EU sustainability goals.
- Technological innovations in Sweden and Finland that could further increase their consumption shares.
- Policy shifts and economic incentives in underperforming countries to encourage the adoption of renewable energy.
- The impact of geopolitical factors on the supply and distribution of biofuels across Europe.
Top countries in Renewables and Biofuels Final Consumption in Mining and Quarrying Share by Country (Thousand Tonnes Of Oil Equivalent)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Sweden | 45.11 | 2023 | +16.74% | +24.13% | View data |
| 2 | 2 France | 17.62 | 2023 | +2.86% | -2.31% | View data |
| 3 | 3 Denmark | 12.25 | 2023 | +2% | +13.4% | View data |
| 4 | 4 Germany | 5.26 | 2023 | +10.59% | -8.73% | View data |
| 5 | 5 Netherlands | 4.81 | 2023 | +27.66% | View data | |
| 6 | 6 Finland | 4.5 | 2023 | +12.28% | +24.9% | View data |
| 7 | 7 Portugal | 2.1 | 2023 | +2.81% | +7.49% | View data |
| 8 | 8 Serbia | 1.81 | 2023 | +6.14% | -0.55% | View data |
| 9 | 9 Romania | 1.67 | 2023 | +3.15% | -2.19% | View data |
| 10 | 10 Norway | 1.14 | 2023 | +2.71% | View data |
