In the European machinery sector, Spain leads in fuel oil final consumption at 38.86 GWh, followed by Italy at 35.9 GWh. Despite Italy experiencing a significant 14.04% decline year-on-year in 2023, Greece saw a substantial 62.19% increase, positioning itself as a key player. Serbia and Austria also exhibited notable growth of 21.51% and 5.67% respectively. On the other hand, France and Croatia faced the most significant declines of 13.36% and 17.46% respectively.
Future trends to watch include:
- Further growth potential in Greece and the Czech Republic given their strong recent increases in consumption.
- Stability or further decline in Italy unless there's a strategic shift in machinery energy consumption.
- Adoption of greener technologies may reduce overall reliance on fuel oil in the machinery sector in several European countries.
Top countries in Fuel Oil Final Consumption in Machinery Sector Share by Country (Gigawatthours)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Spain | 38.86 | 2023 | +3.08% | +3.98% | View data |
| 2 | 2 Italy | 35.9 | 2023 | -12.59% | -14.04% | View data |
| 3 | 3 Greece | 12.33 | 2023 | +0.15% | +62.19% | View data |
| 4 | 4 Serbia | 9.51 | 2023 | +8.15% | +21.51% | View data |
| 5 | 5 Austria | 3.9 | 2023 | +11.6% | +5.67% | View data |
| 6 | 6 Czech Republic | 2.74 | 2023 | +0.084% | +25.8% | View data |
| 7 | 7 Germany | 1.74 | 2023 | +0.98% | -8.12% | View data |
| 8 | 8 Macedonia | 0.65 | 2023 | -2.01% | -2.08% | View data |
| 9 | 9 Bosnia and Herzegovina | 0.5 | 2023 | +14.43% | +4.82% | View data |
| 10 | 10 Poland | 0.46 | 2023 | +5.22% | +10.04% | View data |
