In 2024, Germany held the largest share of European oil products closing stock at 14.98 thousand metric tons, followed closely by France at 13.74. The Netherlands and Spain managed considerable shares as well, accounting for 9.54 and 9.32 thousand metric tons, respectively. Among Western Europe, the United Kingdom, Belgium, and Italy also significantly contributed to the stock levels with Belgium noting a 2.44% year-on-year increase. On the other hand, countries such as Greece and Spain saw reductions of 2.13% and 1.83%, respectively. Notably, smaller increases were observed in Eastern European countries such as Poland and Sweden with 2.81% and 3.68% growth. Despite a general downward trend observed in key markets like Germany and France, there was a remarkable uptick in Estonia and Macedonia, each posting respective increases of 6.44% and 6.06%.
Future trends to watch include the impact of sustainability measures on stock levels and the influence of geopolitical events on oil supply chains. Increased adoption of renewable energy sources may lead Western European countries to reduce their oil product stocks, while emerging markets in Eastern Europe may experience growth driven by industrial expansion. Additionally, any shifts in policy or international relations could considerably impact oil stock dynamics across the continent.
Top countries in Oil Products Closing Stock Share by Country (Thousand Metric Tons)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 14.98 | 2023 | -0.86% | -0.72% | View data |
| 2 | 2 France | 13.74 | 2023 | -0.15% | -0.37% | View data |
| 3 | 3 Netherlands | 9.54 | 2023 | +0.28% | +2.82% | View data |
| 4 | 4 Spain | 9.32 | 2023 | +0.38% | -1.83% | View data |
| 5 | 5 Italy | 9.22 | 2023 | -1.97% | -3.18% | View data |
| 6 | 6 United Kingdom | 5.6 | 2023 | -0.087% | +1.43% | View data |
| 7 | 7 Belgium | 4.93 | 2023 | +0.9% | +2.44% | View data |
| 8 | 8 Poland | 3.77 | 2023 | +1.55% | +2.81% | View data |
| 9 | 9 Sweden | 3.5 | 2023 | -0.54% | +3.68% | View data |
| 10 | 10 Finland | 3.39 | 2023 | +1.44% | +1.2% | View data |
