In 2023, Finland led the consumption of renewables and biofuels in domestic navigation, with a value of 9.87 thousand tonnes of oil equivalent, representing a significant year-on-year growth of 37.91%. Sweden, with zero growth, maintained its consumption level at 8.35. Norway experienced a 10.97% increase, reaching 7.54, while the Netherlands saw a notable rise of 31.68%, hitting 5.58. France and Greece experienced modest growth, unlike Portugal and Spain, which saw declines of 5.81% and 6.93% respectively. Cyprus, Malta, Luxembourg, and Iceland showed minimal changes in their consumption patterns.
Future trends to watch include the continued expansion of infrastructure supporting biofuels in Northern Europe, a potential uptick in consumption in traditionally lower-consumption areas like Southern and Eastern Europe, and the impact of policy changes such as subsidies and environmental regulations on the broader adoption of renewable sources in maritime sectors. Furthermore, technological advancements leading to more efficient biofuel options could significantly alter these consumption patterns over the coming years.
Top countries in Renewables and Biofuels Final Consumption in Domestic Navigation by Country
| # | 10 Countries | Thousand Tonnes Of Oil Equivalent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Finland | 9.87 | 2023 | +20.35% | +37.91% | View data |
| 2 | 2 Sweden | 8.35 | 2023 | +7.56% | View data | |
| 3 | 3 Norway | 7.54 | 2023 | +2.71% | +10.97% | View data |
| 4 | 4 Netherlands | 5.58 | 2023 | +46.62% | +31.68% | View data |
| 5 | 5 France | 4.99 | 2023 | +9.83% | +5.48% | View data |
| 6 | 6 Portugal | 1.7 | 2023 | -0.59% | -5.81% | View data |
| 7 | 7 Spain | 0.63 | 2023 | +2.76% | -6.93% | View data |
| 8 | 8 Greece | 0.48 | 2023 | +5.93% | +9.8% | View data |
| 9 | 9 Cyprus | 0.14 | 2023 | +34.31% | View data | |
| 10 | 10 Malta | 0.077 | 2023 | +4.05% | +5.47% | View data |
