In 2023, Germany led Europe's oil product closing stock with 15.28 million metric tons, followed by France and the Netherlands. Germany and France saw declines of 0.72% and 0.37%, respectively. Wales, Belgium, Poland, and Denmark showed growth with variations over 2%. Notably, Estonia and Macedonia experienced the most significant increases, over 6%, indicating regional shifts.
Future trends to watch include the Netherlands maintaining positive growth, potential impacts of geopolitical events on Eastern European stocks, and sustainability initiatives affecting oil consumption. The shift towards renewable energies and regulatory changes could impact stocks and market dynamics. Monitoring these factors will help adapt strategies for 2024 and beyond.
Top countries in Oil Products Closing Stock by Country
| # | 10 Countries | Thousand Metric Tons | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 15,280 | 2023 | -0.86% | -0.72% | View data |
| 2 | 2 France | 14,020 | 2023 | -0.15% | -0.37% | View data |
| 3 | 3 Netherlands | 9,740 | 2023 | +0.28% | +2.82% | View data |
| 4 | 4 Spain | 9,520 | 2023 | +0.38% | -1.83% | View data |
| 5 | 5 Italy | 9,410 | 2023 | -1.97% | -3.18% | View data |
| 6 | 6 United Kingdom | 5,720 | 2023 | -0.087% | +1.43% | View data |
| 7 | 7 Belgium | 5,030 | 2023 | +0.9% | +2.44% | View data |
| 8 | 8 Poland | 3,850 | 2023 | +1.55% | +2.81% | View data |
| 9 | 9 Sweden | 3,570 | 2023 | -0.54% | +3.68% | View data |
| 10 | 10 Finland | 3,460 | 2023 | +1.44% | +1.2% | View data |
