The European Chemical and Petrochemical sector shows diverse trends in the final consumption of solid fossil fuels by country in 2023. Poland remains the largest consumer at 13.9 thousand GWh despite a slight decrease. France, Norway, and Bulgaria exhibited varied changes with Norway increasing its consumption by 5.85%. Germany and the UK experienced significant reductions, particularly Germany with a drop of 18.06% and the UK by 25.03%. Notably, Belgium and Ukraine showed growth, with Belgium increasing by 11.19% and Ukraine by 24.87%, highlighting a potential pivot amid generally declining trends across the region.
Future trends to watch in this sector involve the EU's green transition policies that could significantly impact solid fossil fuel consumption, especially in countries that are still heavily reliant on these resources. With increasing emphasis on sustainable and renewable energy sources, further declines are likely, particularly in Western Europe, while Eastern countries might face challenges transitioning away from fossil fuels. Monitoring regulatory shifts and technological advancements will be crucial in forecasting the sector's direction.
Top countries in Chemical and Petrochemical Sector Final Consumption of Solid Fossil Fuels by Country
| # | 10 Countries | Gigawatthours | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Poland | 13,900 | 2023 | +2.01% | -0.34% | View data |
| 2 | 2 France | 3,510 | 2023 | +3.25% | -3.48% | View data |
| 3 | 3 Norway | 3,300 | 2023 | +1.74% | +5.85% | View data |
| 4 | 4 Czech Republic | 2,500 | 2023 | -3.02% | -4.92% | View data |
| 5 | 5 Bulgaria | 2,080 | 2023 | +1.56% | +1.16% | View data |
| 6 | 6 Germany | 1,640 | 2023 | -26.29% | -18.06% | View data |
| 7 | 7 Spain | 1,310 | 2023 | -0.36% | -3.79% | View data |
| 8 | 8 Romania | 341.99 | 2023 | +20.45% | -3.69% | View data |
| 9 | 9 Serbia | 299.67 | 2023 | +1.9% | -5.64% | View data |
| 10 | 10 Belgium | 164.37 | 2023 | +14.44% | +11.19% | View data |
