The Netherlands leads in European low sulphur fuel oil stocks at 923.35 thousand metric tons, showing a significant increase of 14.18% in 2023. Denmark's stock rose sharply by 33.09%, while Belgium and Portugal also experienced high growth. Conversely, the United Kingdom, Austria, and Latvia saw substantial declines. Over a five-year period, Poland displayed strong growth, marking the highest CAGR amidst these countries. Countries like Italy and Sweden face moderate declines due to internal and external market shifts.
Future trends to watch include Europe's regulatory framework on low sulphur emissions, which could impact stock levels. Increased adoption of alternative fuels might regulate demand and supply of traditional fuel oils. Moreover, geopolitical events could lead to supply chain adjustments, influencing stockpiles.
Top countries in Fuel Oil (Low Sulphur <1%) Opening Stock by Country
| # | 10 Countries | Thousand Metric Tons | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Netherlands | 923.35 | 2023 | +0.8% | +14.18% | View data |
| 2 | 2 Italy | 828.32 | 2023 | -3.99% | -3.7% | View data |
| 3 | 3 Denmark | 736.15 | 2023 | +0.0047% | +33.09% | View data |
| 4 | 4 Finland | 476 | 2023 | +7.21% | +2.44% | View data |
| 5 | 5 Sweden | 458.2 | 2023 | -6.15% | -3.9% | View data |
| 6 | 6 Greece | 452.64 | 2023 | +2.95% | +5.94% | View data |
| 7 | 7 Spain | 426 | 2023 | +2.77% | -4.39% | View data |
| 8 | 8 Belgium | 392.3 | 2023 | +0.077% | +8.08% | View data |
| 9 | 9 France | 285.64 | 2023 | -0.54% | +15.11% | View data |
| 10 | 10 Portugal | 253.02 | 2023 | +9.73% | +17.8% | View data |
