The 2023 global support for petroleum in the residential sector varied significantly across countries, with India leading at $59.01 million, while Luxembourg contributed a mere $0.02 million. The past year saw notable percentage increases in Indonesia (10.95%), China (8.63%), and Portugal (24.83%). Conversely, larger economies like the United States (-3.95%), United Kingdom (-0.52%), and Italy (-4.34%) experienced declines, reflecting shifting priorities toward renewable energy. Over the last five years, these variations suggest a gradual yet uneven transition towards reducing reliance on petroleum-based energy sources in residential sectors worldwide.
Future trends to monitor include the acceleration in India's energy policy pivot, potential regulatory changes in Belgium, and Indonesia's continued growth in petroleum support, which reflect a blend of domestic energy needs and global sustainability commitments. Importantly, developing nations like China and South Africa might see further policy-driven shifts amidst global decarbonization efforts.
Top countries in Total Support on Petroleum for Residential Share by Country (Million US Dollars, Constant = 2020)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 India | 59.01 | 2023 | +18.97% | -2.18% | View data |
| 2 | 2 Belgium | 17.58 | 2023 | +0.24% | -0.9% | View data |
| 3 | 3 Indonesia | 10.06 | 2023 | -9.42% | +10.95% | View data |
| 4 | 4 United States | 7.12 | 2023 | -2.11% | -3.95% | View data |
| 5 | 5 United Kingdom | 4.29 | 2023 | -0.56% | -0.52% | View data |
| 6 | 6 Ireland | 2.9 | 2023 | +2.94% | +3.78% | View data |
| 7 | 7 Italy | 2.75 | 2023 | -3.64% | -4.34% | View data |
| 8 | 8 China | 0.84 | 2023 | +9.45% | +8.63% | View data |
| 9 | 9 Canada | 0.55 | 2023 | -1.96% | -1.43% | View data |
| 10 | 10 Ukraine | 0.54 | 2023 | +24.73% | +4.56% | View data |
