In 2023, Spain led European consumption of Gas Oil and Diesel Oil in international maritime bunkers, with substantial year-on-year growth of 17.1%, followed by the Netherlands, which saw a slight decline of 0.55%. Scandinavia witnessed notable growth in Sweden at 9.29% and Finland at 12.54%, while Norway decreased by 3.46%. Latvia experienced the most significant increase at 35.08%, reflecting high volatility. Moreover, Slovenia also showed a strong uptrend at 21.86%. Conversely, Estonia and Serbia saw reductions in consumption by 5.84% and 4.43%, respectively.
Future trends to watch include potential regulatory impacts on the industry, as decarbonization efforts may lead to shifts towards cleaner fuel alternatives. Monitoring policy changes and innovations in maritime technology will be crucial, as they may influence consumption patterns and investment strategies across the European maritime sector.
Top countries in Gas Oil and Diesel Oil (Excluding Biofuel Portion) Consumption in International Maritime Bunkers by Country
| # | 10 Countries | Terajoules | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Spain | 118,270 | 2023 | +0.28% | +17.1% | View data |
| 2 | 2 Netherlands | 83,680 | 2023 | +0.27% | -0.55% | View data |
| 3 | 3 United Kingdom | 74,300 | 2023 | +1.49% | +1.24% | View data |
| 4 | 4 Belgium | 62,970 | 2023 | -0.075% | +2.67% | View data |
| 5 | 5 Sweden | 34,450 | 2023 | +1.08% | +9.29% | View data |
| 6 | 6 Germany | 30,840 | 2023 | +6.09% | -0.43% | View data |
| 7 | 7 Italy | 28,550 | 2023 | -1.04% | +6.8% | View data |
| 8 | 8 Malta | 17,460 | 2023 | +2.74% | +2.41% | View data |
| 9 | 9 Greece | 16,820 | 2023 | +4.48% | +4.1% | View data |
| 10 | 10 Denmark | 15,410 | 2023 | +0.34% | -0.51% | View data |
