In 2023, Ukraine led European fuel oil gross heat production with 5.62 thousand terajoules, experiencing a notable 19.45% year-on-year increase. Poland followed with 3.16 thousand terajoules, showing a modest 0.4% decline. Italy and Serbia registered 2.58 thousand terajoules and 2.33 thousand terajoules, respectively, with Serbia facing a significant 15.3% drop. Austria (1.66) and Finland (1.49) also saw declines, by 16.52% and 9.41%, respectively. Other countries, such as Sweden (-63.57%), Moldova (-16.7%), and Portugal (-43.67%), showed sharp reductions, while Hungary demonstrated a notable 22.42% boost.
Over the last five years, there has been an average annual decrease in European fuel oil gross heat production, with key players experiencing varied performance.
Future trends to watch include the transition to renewable energy sources, policy changes focusing on carbon reduction, and technological advances in energy efficiency. These factors will likely drive further declines in fuel oil use across Europe.
Top countries in Fuel Oil Gross Heat Production by Country
| # | 10 Countries | Terajoules | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Ukraine | 5,620 | 2023 | +3.19% | +19.45% | View data |
| 2 | 2 Poland | 3,160 | 2023 | -2.53% | -0.4% | View data |
| 3 | 3 Italy | 2,580 | 2023 | -0.00039% | +0.44% | View data |
| 4 | 4 Serbia | 2,330 | 2023 | +0.0053% | -15.3% | View data |
| 5 | 5 Austria | 1,660 | 2023 | -29.8% | -16.52% | View data |
| 6 | 6 Finland | 1,490 | 2021 | +72.82% | -24.57% | View data |
| 7 | 7 Romania | 1,090 | 2023 | +0.0027% | -9.41% | View data |
| 8 | 8 Sweden | 960 | 2023 | -97.33% | -63.57% | View data |
| 9 | 9 United Kingdom | 737.86 | 2023 | -2.35% | -2.28% | View data |
| 10 | 10 Germany | 424 | 2023 | +11.56% | -3.47% | View data |
