In 2023, Italy led European fuel oil stocks with 18.59 thousand metric tons, strengthening its position with a 4.22% increase. The Netherlands and Belgium followed, with respective shares showing minimal change at 0.95% and 0.2%. Spain and Greece saw significant declines of 5.47% and 8.3%. Slovakia experienced a notable 13.25% surge, while Hungary's stock underwent an impressive 26.19% increase. By contrast, the UK's share decreased sharply by 13.21%.
Future trends to watch in the European fuel oil market include:
- Italy's continued dominance, potentially driven by market dynamics and policy shifts.
- Slovakia and Hungary's growing stocks, signaling potential shifts in regional demand or production.
- Declining trends in Southern Europe, particularly Greece and Spain, which may result from regulatory or market changes.
Top countries in Fuel Oil (High Sulphur ≥1%) Opening Stock Share by Country (Thousand Metric Tons)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 18.59 | 2023 | -3.49% | +4.22% | View data |
| 2 | 2 Netherlands | 18.16 | 2023 | -2.81% | +0.95% | View data |
| 3 | 3 Belgium | 13 | 2023 | +0.41% | +0.2% | View data |
| 4 | 4 Spain | 11.47 | 2023 | +0.64% | -5.47% | View data |
| 5 | 5 France | 8.42 | 2023 | -2.81% | -3.8% | View data |
| 6 | 6 Greece | 7.61 | 2023 | +1.83% | -8.3% | View data |
| 7 | 7 Denmark | 5.25 | 2023 | -3.97% | -0.82% | View data |
| 8 | 8 Croatia | 3.38 | 2023 | +0.51% | -1.54% | View data |
| 9 | 9 Austria | 2.53 | 2023 | -6.27% | -4.73% | View data |
| 10 | 10 Sweden | 2.32 | 2023 | +0.02% | -6.88% | View data |
