In 2023, Hungary led European nations with the highest HICP value for fuels and lubricants for personal transport equipment, standing at 16.879 thousand (2015=100). Norway and Iceland followed closely with values exceeding 14 thousand. France, Poland, and Belgium also showed significant figures, slightly above or around 14 thousand each. Germany and Spain reported values in the mid-to-low 13s, with Denmark and Lithuania near close. Meanwhile, Portugal, Ireland, Slovakia, and the Netherlands featured values just under 13 thousand. The countries with the lowest values were Greece, Slovenia, and the Czech Republic, each hovering around 12 thousand.
The year-on-year variation in 2023 displays significant increases across most countries, with Hungary experiencing a 9.57% increase, reflecting substantial price adjustments in its fuel and lubricant markets. Norway and Iceland also recorded noteworthy annual increases of over 6%. In comparison, France, Poland, and Belgium reported more moderate increases around 4-6%. The rest of the countries posted an increase mostly ranging between 3-5%, indicating widespread inflationary pressures.
Looking ahead, European fuels and lubricants for personal transport equipment are likely to encounter fluctuating dynamics driven by geopolitical tensions, policy shifts towards sustainable energy, and market reactions to any global economic developments. Countries must monitor crude oil prices, transition to alternative energy sources, and potential regulatory changes that could heavily influence cost structures and consumer behavior. Future strategies should include diversification of energy sources and increased investment in sustainable automotive technologies.
Top countries in Fuels and Lubricants for Personal Transport Equipment HICP by Country
| # | 10 Countries | Indexes 2015 = 100 | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Hungary | 168.79 | 2023 | +20.78% | +9.57% | View data |
| 2 | 2 Norway | 152.1 | 2023 | -3.18% | +6.41% | View data |
| 3 | 3 Iceland | 149.12 | 2023 | +1.51% | +7.34% | View data |
| 4 | 4 France | 146.35 | 2023 | +0.66% | +4.38% | View data |
| 5 | 5 Poland | 144 | 2023 | -3.94% | +5.96% | View data |
| 6 | 6 Belgium | 143.57 | 2023 | -5.33% | +4.37% | View data |
| 7 | 7 Germany | 138.1 | 2023 | -5.22% | +5.43% | View data |
| 8 | 8 Spain | 134 | 2023 | -3.76% | +4.52% | View data |
| 9 | 9 Denmark | 132.6 | 2023 | -7.27% | +4.8% | View data |
| 10 | 10 Lithuania | 132.48 | 2023 | -12.32% | +4.42% | View data |
