In 2023, Ukraine leads with a robust fuel oil gross heat production of 126.12ktoe, growing 17.19% year-on-year. Romania, Germany, and Denmark saw significant declines in production, notably Moldova and Lithuania, with substantial drops of 18.02% and 70.71%, respectively. Italy and Portugal witnessed slight growths, with a notable expansion in Bulgaria by 75.72% and Hungary's growth of 26.49%. Poland and Sweden experienced modest declines.
Future trends to watch include the impact of increasing energy efficiency measures, shifts toward renewable energy sources, and geopolitical dynamics influencing supply and demand across Europe. Monitoring these factors will provide insights into production trends and adaptation within the energy sector.
Top countries in Fuel Oil Gross Heat Production by Country
| # | 10 Countries | Thousand Tonnes Of Oil Equivalent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Ukraine | 126.12 | 2023 | +1.47% | +17.19% | View data |
| 2 | 2 Poland | 75.36 | 2023 | -2.27% | -0.68% | View data |
| 3 | 3 Italy | 61.56 | 2023 | 0% | +0.44% | View data |
| 4 | 4 Serbia | 55.57 | 2023 | +0.0054% | -15.3% | View data |
| 5 | 5 Austria | 39.6 | 2023 | -22.19% | -12.55% | View data |
| 6 | 6 Finland | 35.54 | 2021 | +72.82% | -24.57% | View data |
| 7 | 7 Romania | 26.03 | 2023 | +0.0038% | -9.41% | View data |
| 8 | 8 Sweden | 22.93 | 2023 | -12.26% | -16.14% | View data |
| 9 | 9 United Kingdom | 17.62 | 2023 | -2.35% | -2.28% | View data |
| 10 | 10 Germany | 10.13 | 2023 | +9.47% | -4.16% | View data |
