In 2023, European Fuel Oil (High Sulphur ≥1%) opening stocks showed notable differences across countries. Italy led with the highest stock at 763.54 thousand metric tons, marking a 4.22% year-on-year increase, while the Netherlands followed closely with 745.71 thousand metric tons. Significant growth was evident in Hungary and Slovakia with increases of 26.19% and 13.25% respectively, underscoring a regional upward trend. Conversely, the United Kingdom and Serbia experienced substantial declines, with reductions of 13.21% and 9.63% respectively, reflecting transitional shifts in these markets.
Future trends to watch for include:
- The impact of environmental regulations on high-sulphur fuel oil demand and stock levels across Europe.
- Technological advancements in fuel oil production and storage, potentially influencing stock variations.
- Geopolitical dynamics affecting supply chains, particularly in regions with declining stocks.
- Continued focus on renewable energy sources might alter future stock figures as markets adapt to greener alternatives.
Top countries in Fuel Oil (High Sulphur ≥1%) Opening Stock by Country
| # | 10 Countries | Thousand Metric Tons | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 763.54 | 2023 | -3.49% | +4.22% | View data |
| 2 | 2 Netherlands | 745.71 | 2023 | -2.81% | +0.95% | View data |
| 3 | 3 Belgium | 534.1 | 2023 | +0.41% | +0.2% | View data |
| 4 | 4 Spain | 471 | 2023 | +0.64% | -5.47% | View data |
| 5 | 5 France | 346 | 2023 | -2.81% | -3.8% | View data |
| 6 | 6 Greece | 312.73 | 2023 | +1.83% | -8.3% | View data |
| 7 | 7 Denmark | 215.78 | 2023 | -3.97% | -0.82% | View data |
| 8 | 8 Croatia | 139 | 2023 | +0.51% | -1.54% | View data |
| 9 | 9 Austria | 104.08 | 2023 | -6.27% | -4.73% | View data |
| 10 | 10 Sweden | 95.23 | 2023 | +0.02% | -6.88% | View data |
