The analysis of European Fuel Oil Final Consumption in the machinery sector for 2023 shows Spain leading with 43.19 thousand tonnes, followed by Italy and Serbia. Noteworthy increases were recorded in Greece and Czech Republic, while France showed significant growth. Conversely, Italy and Germany experienced declines. Croatia had the steepest drop among analyzed nations, indicating regional variance in consumption trends.
Future trends to monitor include potential increased demand in countries like Greece, which might continue its upward trajectory. Attention should be paid to macroeconomic factors influencing oil dependency and policy shifts toward renewable energy, driving variation in fuel oil consumption within the sector.
Top countries in Fuel Oil Final Consumption in Machinery Sector Share by Country (Thousand Tonnes Of Oil Equivalent)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Spain | 43.19 | 2023 | +4.64% | +5.94% | View data |
| 2 | 2 Italy | 31.34 | 2023 | -19.65% | -16.56% | View data |
| 3 | 3 Serbia | 17.65 | 2023 | +8.25% | +23.17% | View data |
| 4 | 4 Greece | 12.49 | 2023 | +0.15% | +62.19% | View data |
| 5 | 5 Austria | 5.47 | 2023 | +11.59% | +5.67% | View data |
| 6 | 6 Czech Republic | 2.81 | 2023 | +0.066% | +26.15% | View data |
| 7 | 7 France | 2.09 | 2023 | -4.14% | +35.76% | View data |
| 8 | 8 Germany | 1.57 | 2023 | -3.6% | -10.19% | View data |
| 9 | 9 Macedonia | 0.65 | 2023 | -1.96% | -2.09% | View data |
| 10 | 10 Bosnia and Herzegovina | 0.51 | 2023 | +14.29% | +4.82% | View data |
