In 2023, Sweden and Finland lead European renewables and biofuels final consumption in the industry, with significant shares of 18.19% and 16.09%, respectively. Germany, Spain, and Poland follow, forming the top five. Notable year-on-year variations include Hungary's growth at 10.93% and Norway at 8.96%, while Luxembourg and Iceland saw declines of 3.3% and 19.01%, respectively. Ukraine’s consumption increased significantly, demonstrating a 22.2% rise, indicating recovery or strategic focus on renewables. Over the last 5 years, consumption patterns highlight steady growth across major European countries, with some fluctuations in smaller nations.
Looking ahead, expect increased investments and policy support for renewables and biofuels in the European industry, driven by net-zero targets and energy security concerns. Watch for technological advancements enhancing efficiency and integration, and shifts in national priorities affecting consumption patterns in specific countries. Regional collaborations may also play a crucial role in standardizing practices and sharing resources to boost renewables' share. Monitoring these dynamics will be critical for understanding and forecasting market shifts in the coming years.
Top countries in Renewables and Biofuels Final Consumption in Industry Share by Country (Terajoules)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Sweden | 18.19 | 2023 | +1.1% | +2.44% | View data |
| 2 | 2 Finland | 16.09 | 2023 | +1.61% | +0.49% | View data |
| 3 | 3 Germany | 11.53 | 2023 | +1.88% | +2.01% | View data |
| 4 | 4 Spain | 7.69 | 2023 | +0.86% | +0.84% | View data |
| 5 | 5 Poland | 6.83 | 2023 | +2.62% | +0.95% | View data |
| 6 | 6 France | 5.55 | 2023 | +0.55% | -0.25% | View data |
| 7 | 7 United Kingdom | 5.52 | 2023 | +4.28% | +4.29% | View data |
| 8 | 8 Austria | 4.76 | 2023 | +0.93% | +1.1% | View data |
| 9 | 9 Portugal | 3.88 | 2023 | +0.82% | +0.2% | View data |
| 10 | 10 Belgium | 2.79 | 2023 | +1.78% | +0.38% | View data |
