In 2023, Estonia led the consumption of fuel oil in the wood sector in Europe, followed by the Czech Republic and Poland. Notably, Bosnia and Herzegovina had a significant 42.28% increase from the prior year, reflecting potential growth or a shift in industrial energy policies. In contrast, Denmark, Portugal, and France saw declines, with Denmark experiencing a sharp 34.18% drop. The CAGR over the past five years reveals a volatile yet slight growth in Eastern European countries, while Western Europe presents a tapering trend.
Looking ahead, increasing environmental regulations may drive a further decline in fuel oil consumption in the wood sector, encouraging a shift toward renewable energy sources. Eastern European countries might continue to see growth due to economic expansion and industrial activities, although they may also face similar regulatory pressures in the future.
Top countries in Fuel Oil Final Consumption in Wood and Wood Products Sector Share by Country (Gigawatthours)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Estonia | 24.28 | 2023 | +4.61% | View data | |
| 2 | 2 Czech Republic | 19.55 | 2023 | +0.092% | +9.77% | View data |
| 3 | 3 Poland | 15.9 | 2023 | +2.67% | +10.44% | View data |
| 4 | 4 Spain | 14.22 | 2023 | -1.79% | -1.77% | View data |
| 5 | 5 Finland | 5 | 2021 | -50% | -24.21% | View data |
| 6 | 6 Germany | 4.99 | 2021 | 0% | View data | |
| 7 | 7 France | 4.89 | 2023 | +1.45% | -12.43% | View data |
| 8 | 8 United Kingdom | 4.39 | 2023 | -13.57% | -10.69% | View data |
| 9 | 9 Austria | 1.93 | 2023 | +12.46% | -1.71% | View data |
| 10 | 10 Denmark | 1.13 | 2023 | -24.26% | -34.18% | View data |
