In 2023, Germany leads the European machinery sector in the consumption of renewables and biofuels, significantly outperforming other countries. Denmark and Sweden show strong positive trends with substantial year-on-year growth. Conversely, Serbia and Ukraine illustrate a downward trend. Western European countries like France and Italy continue moderate growth, whereas Eastern European countries, such as Latvia and Estonia, face declines. Notably, Norway emerges with notable growth. Overall, the sector displays varied performance, with Central and Northern Europe seeing some of the highest growth rates.
Future trends to watch include technological advancements, policy shifts favoring renewable energy, and increased integration of sustainable practices in machinery sectors, especially in Northern and Western Europe, potentially bridging the disparity in consumption rates across Europe.
Top countries in Machinery Sector Final Consumption of Renewables and Biofuels by Country
| # | 10 Countries | Thousand Tonnes Of Oil Equivalent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 58.64 | 2023 | +3.02% | +2.08% | View data |
| 2 | 2 Denmark | 18.79 | 2023 | +2.14% | +9.41% | View data |
| 3 | 3 Serbia | 12.87 | 2023 | +2.89% | -13.54% | View data |
| 4 | 4 Sweden | 10.82 | 2023 | +2.2% | +15.7% | View data |
| 5 | 5 Austria | 9.01 | 2023 | +1.29% | +2.54% | View data |
| 6 | 6 Slovakia | 5.81 | 2023 | +5.05% | +0.94% | View data |
| 7 | 7 Romania | 5.73 | 2023 | +13.55% | -2.17% | View data |
| 8 | 8 Czech Republic | 5.66 | 2023 | +3.1% | +11.01% | View data |
| 9 | 9 Ukraine | 5.27 | 2023 | +17.69% | -8.87% | View data |
| 10 | 10 France | 4.34 | 2023 | +6.87% | +0.74% | View data |
