In 2023, Sweden led European renewables and biofuels final consumption in industry at 200.74 thousand terajoules, experiencing a 2.44% year-on-year increase. Finland and Germany also showed significant figures with 177.64 and 127.29 respectively, and comparatively moderate growth rates. The UK and Czech Republic were standout performers, with the UK growing by 4.29% and the Czech Republic by 5.07%. Notably, Norway and Hungary saw substantial increases of 8.96% and 10.93%, respectively. Conversely, declines were observed in Iceland with a significant drop of 19.01% and in the Netherlands by 1.5%.
Future trends to watch include:
- Potential policy shifts towards increasing reliance on renewables, affecting the consumption landscape across Europe.
- Technological advancements that could enhance energy efficiency and increase the adoption of renewable resources in industry.
- Economic factors influencing energy demands and consumption patterns at a national level, particularly in countries with currently low consumption levels.
- The role of geopolitical developments, such as changes in EU climate policy or international trade agreements, on renewable energy adoption and biofuel consumption.
Top countries in Renewables and Biofuels Final Consumption in Industry by Country
| # | 10 Countries | Terajoules | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Sweden | 200,740 | 2023 | +1.1% | +2.44% | View data |
| 2 | 2 Finland | 177,640 | 2023 | +1.61% | +0.49% | View data |
| 3 | 3 Germany | 127,290 | 2023 | +1.88% | +2.01% | View data |
| 4 | 4 Spain | 84,860 | 2023 | +0.86% | +0.84% | View data |
| 5 | 5 Poland | 75,410 | 2023 | +2.62% | +0.95% | View data |
| 6 | 6 France | 61,300 | 2023 | +0.55% | -0.25% | View data |
| 7 | 7 United Kingdom | 60,890 | 2023 | +4.28% | +4.29% | View data |
| 8 | 8 Austria | 52,570 | 2023 | +0.93% | +1.1% | View data |
| 9 | 9 Portugal | 42,880 | 2023 | +0.82% | +0.2% | View data |
| 10 | 10 Belgium | 30,830 | 2023 | +1.78% | +0.38% | View data |
