In analyzing the European Fuel Oil Gross Heat Production Share by Country for 2024, Ukraine leads with a notable production of 23.82 thousand tonnes of oil equivalent. Poland (14.23) and Italy (11.63) follow, with Serbia, Austria, and Finland also maintaining significant shares. Over the past year, Ukraine saw a significant growth of 17.19%, while most other countries experienced declines. Lithuania had a dramatic decrease of 70.71%, and Denmark faced a 20.87% drop. Noteworthy increases were seen in Bulgaria (75.72%) and Hungary (26.49%). Established markets like Germany and the UK showed gradual declines at 4.16% and 2.28% respectively.
Future trends to watch include potential shifts in production due to environmental policies, technological advancements, and geopolitical factors. The increasing push towards renewable energy sources in Europe could further reduce reliance on fuel oil. Moreover, potential policy changes aimed at reducing carbon emissions might impact these trends significantly.
Top countries in Fuel Oil Gross Heat Production Share by Country (Thousand Tonnes Of Oil Equivalent)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Ukraine | 23.82 | 2023 | +1.47% | +17.19% | View data |
| 2 | 2 Poland | 14.23 | 2023 | -2.27% | -0.68% | View data |
| 3 | 3 Italy | 11.63 | 2023 | 0% | +0.44% | View data |
| 4 | 4 Serbia | 10.5 | 2023 | +0.0054% | -15.3% | View data |
| 5 | 5 Austria | 7.48 | 2023 | -22.19% | -12.55% | View data |
| 6 | 6 Finland | 6.71 | 2021 | +72.82% | -24.57% | View data |
| 7 | 7 Romania | 4.92 | 2023 | +0.0038% | -9.41% | View data |
| 8 | 8 Sweden | 4.33 | 2023 | -12.26% | -16.14% | View data |
| 9 | 9 United Kingdom | 3.33 | 2023 | -2.35% | -2.28% | View data |
| 10 | 10 Germany | 1.91 | 2023 | +9.47% | -4.16% | View data |
